Customs Drafts New Code to Rein in Clearing Agents

Jun 29 , 2025


[ssba-buttons]

The Ethiopian Customs Commission has drafted a new Code of Conduct for customs clearing agents, targeting long-standing issues of fraud, under-declaration, and informal brokerage that cost the state in lost revenue. Rooted in existing laws, the code sets strict ethical and operational standards for licensed agents, including accurate goods classification, permit advisory, and full compliance with customs procedures. Agents will be held accountable for digital misconduct, such as password sharing and uploading unclear documents and practices linked to procedural delays. The code also bars agents from demanding untimely payments, misrepresenting fees, or acting inappropriately on Commission premises. Clearing firms will now be liable for illegal acts committed by their employees, part of a push to boost institutional accountability. Agents must also avoid conflicts of interest, protect client data, and respond promptly to Commission queries. Multiple violations will be treated as a single but serious offense. Officials say the move is part of wider reform efforts to modernise customs operations and improve service quality across the sector.


Radar

Debt Crisis in Focus as Central Bank Governor Visits China

Eyob Tekalegn (PhD), newly appointed governor of the National Bank of Ethiopia (NBE), made his first official overseas trip to China to discuss debt restructuring. He met with senior officials from China's Ministry of Finance, the People's Bank of China, and the Export-Import Bank of China, and is expected to hold talks with leading financial and commercial institutions. State media reported that the visit builds on the recent debt restructuring agreement with the Official Creditors Committee...


Radar

Blueprint for Safety, Builders Face Tough New Standards

Four key institutions in Ethiopia's construction sector signed an MoU at Skylight Hotel to address chronic safety lapses that cost lives and damage property. The deal brings together the Ethiopian Construction Authority, the Construction Management Institute, the Addis Abeba Construction Permit & Regulation Authority, and the Ethiopian Construction Work Contractors Association. Assistant Director Engineer Abebe Dinku warned that accidents persist despite booming activity, with 24,000 acti...


Radar

Licenses of Ten Auditors at Risk After Alleged Tax Irregularities

The Addis Abeba Revenue Bureau has asked the Accounting & Auditing Board of Ethiopia to revoke the licenses of ten accountants and auditors accused of preparing flawed taxpayer records during the 2024/2025 fiscal year. Officials say a preliminary audit uncovered irregularities that may have cost the government revenue. While disciplinary measures are yet to be confirmed, the Bureau said it would no longer accept financial statements signed by the professionals under scrutiny. Citing pr...