Agency Bags 305m Br in Revenues

Jan 18 , 2020


The Documents Registration & Authentication Agency (DARA) generated 305 million Br in revenue during the first half of this fiscal year. The Agency generated the revenue from the 521,769 cases it handled in the reporting period. It provides registration and authentication of power of attorney, vehicle and housing sales contracts, and gift contracts among others. The revenue shows a 134 million Br increase from the previous year. At the 10 branches of the Agency, a total of 946,369 people received services. Out of the total revenue, the Agency contributed two-thirds of it to the national treasury. In the reported period, the Agency spent 72.2 million Br in expenses. DARA, which launched an online service last year, was able to provide 228,000 services online, of which the largest was the power of attorney service, which accounted for 183,321 services.


Radar

New Unit to Oversee City Tax Audits

The Addis Abeba City Administration Revenues Bureau has launched a new work unit to ensure the quality of tax audit decisions through a re[1]auditing procedure. According to Adane Sule, the head of the bureau's office, the new audit quality assurance unit will seek to address gaps and malpractices that previously existed due to the absence of a similar body to verify tax audit decisions. He asserts that the unit's main goal is to re-audit decisions, verify their quality and relevance, and correc...


Radar

Shipping Behemoth Beats Profit Target Despite Cargo Dip

Ethiopian Shipping & Logistics (ESL) announced its six-month performance report for the fiscal year, revealing a mixed outcome. While it achieved 95pc of its operational service target, handling 2,880,187tn of cargo, this represents a slight decrease compared to the same period in the previous fiscal year. The ESL attributed this dip primarily to global difficulties, notably Red Sea shipping disruptions. Despite these hurdles, the company reported exceeding its profit targets. Projecting...


Radar

Customs Hits Revenue Target, Cracks Down on Smuggling

The Ethiopian Customs Commission announced that it has exceeded its revenue collection target for the first six months of the fiscal year. The Commission collected 203.75 billion Br, surpassing the planned 190.9 billion birr by 106.73pc, representing a 106.7 billion Br increase compared to the same period in the previous fiscal year. Commissioner Debele Kabeta noted that coordinated efforts with other institutions to prevent contraband contributed to the successful outcome, resulting in the seiz...