Authority Tightens Grip on Road, Industrial Construction

Jan 23 , 2021


[ssba-buttons]

The Construction Works Regulatory Authority has announced that it will be more stringent in its follow-up, particularly with regard to delays at road and industrial construction projects, stressing that construction is a fundamental stepping stone to the commencement of any business or industry. The announcement came during a new campaign the Authority kicked off on January 23, 2021. Dubbed "A Successful Construction Industry for Ethiopian Prosperity," the campaign is being held to create awareness about its five-year strategic plan. The campaign will be a month-long affair during which discussion events will be held in the cities of Hawassa, Jimma, Debre Birhan, Jijiga and Adama. It is expected to involve the participation of over 1,000 representatives from all of the regional states, the Addis Abeba and Dire Dawa city administrations, federal institutions, trade unions and educational institutes. Established two years ago, the Authority oversees the quality and efficiency of the construction industry and industrial inputs. It also works on ensuring the well-being of the environment and public health with regard to construction.


Radar

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...


Radar

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...


Radar

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...