City Revenues Bureau, Ethio telecom Ink Telebirr Tax Platform Deal

Jul 23 , 2022

The Addis Abeba Revenues Bureau has partnered with the state-owned Ethio telecom to enable small businesses to pay taxes through the latter's mobile money platform. The Bureau categorises around 300,000 small businesses with less than half a million Birr in annual turnover under category 'C'. The Bureau has been implementing an e-filing system beginning last November for around 1,000 'large taxpayers,' classified as businesses having annual turnover above 40 million Br. A statement from Ethio telecom discloses that close to 700 category 'C' taxpayers have settled around four million Birr in taxes through its Telebirr mobile money platform since the feature was introduced earlier this month. Telebirr has garnered more than 20 million subscribers and facilitated transactions valued at 15 billion Br since it was launched in May 2021.


ZamZam Bank Joins Commodity Exchange Payment System

The pioneering full-fledged interest-free commercial bank, ZamZam Bank, has become the 24th financial institution to join the Ethiopian Commodity Exchange's (ECX) payment system. CEO of the Exchange Wendemagegnehu Negera signed the deal with the President of the Bank Melika Bedri last week. According to the CEO, joining the platform which has around 11,000 accounts registered and has transacted over 386 billion Br so far, will allow a reliable mechanism whereby traders can be certain that pay...


AfDB, ADF to Chart Transformation Path at Diamond Jubilee

The African Development Bank (AfDB) and the African Development Fund (ADF) are gearing up for a major joint meeting in Nairobi, Kenya, expected to draw around 4,000 participants. The event, taking place at the Kenyatta International Conference Centre in late May, will focus on "Africa's Transformation," a theme reflecting the continent's ongoing pursuit of economic and social development. "Despite progress over the years, Africa's transformation remains incomplete," said Vincent O. Nmehielle...


Big Art Sale Returns to Addis

The annual Big Art Sale returns to Addis Abeba this weekend. Over 100 artists are expected to showcase their original works and prints at the Hilton Addis. What's Out Addis in partnership with the Hilton Hotel is behind the event that showcases the works of over 100 artists. Big Art Sale has been around for the past 18 years showcasing paints and prints. According to organisers, it offers a chance to meet the artists and enjoy a variety of art forms with a dedicated Kids' Corner and food and...