Coffee Union Starts 17 New Projects

Sep 19 , 2020


The Bench Maji Coffee Farmers Cooperative Union has completed the construction of 17 coffee industries to enhance the productivity of farmers. The Union has also operationalised coffee washing sites for member farmers. The 15-year-old Union has also reported total revenues of over 600 million Br from coffee, honey, and spices in the just ended fiscal year, benefiting 20,000 farmers. From total revenues, 360 million Br came through the export of 2,323tn of coffee and tea and the remaining from the sale of coffee, honey and spices. The Union netted a profit of 227 million Br. In an effort to enhance the profitability of honey, the Union built a two-million-Birr honey processing plant, which used to produce 35pc residue. This has now been replaced with one that decreases the residue to under 25pc. The Union also plans to increase its members by tenfold.


Radar

New Unit to Oversee City Tax Audits

The Addis Abeba City Administration Revenues Bureau has launched a new work unit to ensure the quality of tax audit decisions through a re[1]auditing procedure. According to Adane Sule, the head of the bureau's office, the new audit quality assurance unit will seek to address gaps and malpractices that previously existed due to the absence of a similar body to verify tax audit decisions. He asserts that the unit's main goal is to re-audit decisions, verify their quality and relevance, and correc...


Radar

Shipping Behemoth Beats Profit Target Despite Cargo Dip

Ethiopian Shipping & Logistics (ESL) announced its six-month performance report for the fiscal year, revealing a mixed outcome. While it achieved 95pc of its operational service target, handling 2,880,187tn of cargo, this represents a slight decrease compared to the same period in the previous fiscal year. The ESL attributed this dip primarily to global difficulties, notably Red Sea shipping disruptions. Despite these hurdles, the company reported exceeding its profit targets. Projecting...


Radar

Customs Hits Revenue Target, Cracks Down on Smuggling

The Ethiopian Customs Commission announced that it has exceeded its revenue collection target for the first six months of the fiscal year. The Commission collected 203.75 billion Br, surpassing the planned 190.9 billion birr by 106.73pc, representing a 106.7 billion Br increase compared to the same period in the previous fiscal year. Commissioner Debele Kabeta noted that coordinated efforts with other institutions to prevent contraband contributed to the successful outcome, resulting in the seiz...