City Revenues Bureau Collects 31.4b Br in Half Year

Jan 22 , 2022

The Addis Abeba City Administration Revenues Bureau reports that its offices collected 31.4 billion Br over the first half of the fiscal year. The figure is 18pc higher than what tax officials had targeted to collect over the period. Direct taxes account for the bulk of the revenues, registering at over 23.7 billion Br while indirect tax collection brought in around 7.2 billion Br. Addis Abeba has over 420,000 registered taxpayers organised into categories based on annual gross revenues and registered capital. Those with a turnover of over 40 million Br are in the "large taxpayers" group. Those with a capital of over one million Birr but revenues of less than 40 million Br are designated category "A" taxpayers. Businesses with less than half a million Birr in capital are "C" taxpayers.


Ethiopian Seafarers Contribute $50m Annually in Remittances

Ethiopian Maritime Authority disclosed 50 million dollars in annual remittances from seafarers deployed internationally. Abdulber Shemsu, the director general of the Authority, said Ethiopia's membership in the International Maritime Organisation (IMO), establishes global standards and guidelines for safe, secure, and environmentally sustainable shipping practices. With 176 member countries and three associate member countries, including Ethiopia, the IMO provides a framework for ensuring...


AfDB Launches $1.5m Initiative to Propel Agro-Industrial Parks

A 1.5 million dollar initiative for the development of three Agro-industrial parks was commenced last week. Financed by the African Development Bank (AfDB), the project includes feasibility studies, a master plan, and an environmental and social impact assessment. The Phase Two project, which includes capacity building for stakeholders, was initiated last week with an agreement between Semereta Sewasew, state minister for Finance and Gunther Beger, managing director of UNIDO. Semereta said...


Cabinet Approves Public Service Legislation

Council of Ministers has unanimously approved the legislation that aims to raise the competency and professionalism of public service in the country. The Federal Civil Servants Proclamation is pending ratification from Parliament. The decision was made during the 30th meeting of the Cabinet last week, which follows the ratification of the public service and administrative policy. Currently, the 176 federal agencies within 22 ministries, collectively employ around two million people. The polic...