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Document Service Reports Billions in Revenue, Exceeds Half-Year Plan


Document Service Reports Billions in Revenue, Exceeds Half-Year Plan

The Documents Authentication & Registration Service collected over 1.9 billion Br in service fees and stamp duty in the past six months, achieving 112pc of its half-year target. The office, which serves an average of 6,000 clients a day, handled more than 900,000 clients during the period, maintaining full service availability. Officials said 80pc of clients were served through the online system. Client numbers rose by 166,459 compared with the same period last year, driving higher revenue from fees and stamp duties. Measures to curb counterfeit documents, including secure paper and dry stamps, security labels, use of Fayda ID, and system linkages with other institutions, reduced forgery cases by 95pc year-on-year.

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Radar

Parliament Receives $237m Development Loan Package

The Council of Ministers forwarded two concessional loan agreements totalling 237.3 million dollars to Parliament for ratification, targeting rural infrastructure and food security. The package includes 46.3 million dollars from the African Development Bank (AfDB) for climate-resilient infrastructure in pastoralist regions. A second credit facility of 191 million dollars (146.1 million SDR) from the International Development Association (IDA) is earmarked for the sixth phase of the Productive Sa...


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MoTRI to Overhaul Consumer Protection Rules Following Cabinet Approval of Trade Policy

The Council of Ministers, led by Prime Minister Abiy Ahmed (PhD), approved Ethiopia's first unified trade policy last week, ending a three-year deliberation period to fill a decades-long regulatory vacuum,. This institutional milestone mandates the Ministry of Trade & Regional Integration (MoTRI) to overhaul consumer protection frameworks, specifically requiring a rigorous revision of the Trade Competition and Consumer Protection Proclamation to eliminate market distortions and the prolifera...


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Regional Power Exports Yield $366m as Capacity Hits 9.6GW

Ethiopian Electric Power (EEP) generated 365.99 million dollars from regional exports in the first nine months of the fiscal year as national capacity reached 9,579MW. The revenue followed the sale of 24,940GWh, representing 91pc of gross generation. Hydropower remains dominant, providing 9,500MW. To diversify assets and mitigate climate risks, the utility integrated the 100MW Asela Wind Power Project. The transmission network has expanded to 148,600km to secure domestic industrial supply and...