Chinese Firm Makes First Shipments Worth $100,000

Jan 5 , 2019


[ssba-buttons]

Antex Groups, a Chinese textile manufacturing company that operates in Adama Industrial Park, made its first shipment of textiles valued at 100,000 dollars. The company exported a container of swimwear to Europe last week, with a launching ceremony attended by officials from the Ethiopian Investment Commission and Industrial Parks Development Corporation. Inaugurated months ago, Antex was the first company to enter Adama Industrial Park, leasing eight sheds with an investment of five million dollars. The company has created job opportunities for 1,500 individuals. Established 15 years ago, Antex Groups is based in Zhejiang Province in China and has investments worth 247 million dollars in Vietnam, Spain, the United Kingdom and the United States.


Radar

Somali Region Advances Budget Independence as Revenues Rise

Somali Regional State is moving closer to fiscal independence, with nearly half its budget now funded locally. Officials point to rising agricultural output and stronger tax enforcement as key drivers behind growing revenues. The region plans to cover 32.5 billion Br from its own resources in the upcoming fiscal year. Communication Head Mohammed Abdi credited last year's tax collection of 18 billion Br, exceeding the 17 billion Br target, to agriculture, khat, and other taxable goods. The reg...


Radar

Environmental Protection Authority Shuts Down Polluters

Addis Abeba's Environmental Protection Authority (EPA) has taken enforcement action against 3,249 manufacturers and service providers found violating environmental standards in the 2024/25 fiscal year. The violations, ranging from air and noise pollution to improper waste disposal, were identified during inspections of 14,872 businesses citywide. Penalties included warnings and closures, with shutdown orders issued to six plastic factories, 23 block factories, a soft paper plant, 102 nightclu...


Radar

Ministry Mandates Full Electronic Clearance for Top Taxpayers

Taxpayers under the Ministry of Revenues' Medium No. 1 branch will have to ditch paper filings and switch entirely to the e-Clearance system for non-audited services starting August 1, 2025. The mandate, routed through the Ministry's e-filing portal, is pitched as part of a broader push to modernise tax administration and advance the government's digital agenda. Officials say the platform lets users process clearance requests remotely via the Fayda national ID, cutting out manual paperwork. A...