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Authority Constructs, Upgrades Roads for 2b Br

Feb 16 , 2019

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The construction and upgrade of 25 road projects will be completed before the end of the current fiscal year, disclosed the Addis Abeba City Roads Authority. The road projects are under construction with a budget of two billion Birr from the city administration. In this fiscal year, the Authority has managed to construct, upgrade and maintain 323Km of roads, including cobblestone, according to Moges Tibebu, chief executive officer of the authority. To ease the traffic congestion, the Authority upgraded a 35Km-long road by broadening the width from 20m to 30m. The Authority also plans to complete four projects within three years. The Aqaqi Qality-Tulidimti; Qeranio-Abo; Tulidimtu-Tirunesh Beijing Hospital; and the Lideta Bulgaria via Africa Union are the four road projects.

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New Directive Hikes Service Fees for Foreign Investors in Free Trade Zones

The Ethiopian Investment Board has issued a new directive revising the service fees from foreign investors payable in dollars to the Ethiopian Investment Commission (EIC), introducing updated rates for both the One Stop Shop and designated Free Trade Zones. The revised directive came into effect this April following its publication on the websites of the Ministry of Justice and the EIC. Issued pursuant to Article 23 of the Special Economic Zone Proclamation, the directive outlines charges for...

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City Tables 350B Br Budget Plan for Upcoming Fiscal Year

The City Administration has approved a resolution to submit a proposed budget of 350 billion Br for the 2025/26 fiscal year to the City Council for deliberation. According to the Administration's statement on its official social media page, the draft budget is designed with a central focus on poverty reduction, encompassing targeted subsidies for sustainable development, investment in large-scale job-creating projects, and enhanced service delivery to address the growing demands of the reside...

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Ethiopia, UN Launch Joint Plan to Drive Development Through 2030

The Ethiopian government and the United Nations (UN) have signed a five-year development plan outlining national priorities from 2025 to 2030. Signed on June 20 at the Ministry of Finance, the United Nations Sustainable Development Cooperation Framework (UNSDCF) with implications that it aligns with Ethiopia's reform goals and the Sustainable Development Agenda. The plan is backed by a projected 6.5 billion dollars, though only 1.5 billion dollars is currently secured. It focuses on closing t...

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