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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

Federal Prosecutors Accuse Public Officials, Contractors of Corruption, Alleged Illicit Fund Transfers

Federal prosecutors have filed corruption and money laundering charges against 11 defendants, including Nigstu Bogale, Coordinator of the Development Project for Response to the Impact of Refugees in the Horn of Africa at the Ministry of Agriculture, Biniyam Fantaye and Taye Habte, senior irrigation engineers involved in the Development Response to Displacement Impacts Project (DRDIP-II), as well as private individuals and construction company representatives. The case alleges losses and illicit...


Radar

EIH Transitions to New Headquarters as It Oversees Major State-Owned Enterprises

Ethiopian Investment Holdings (EIH) is relocating its headquarters from its current site on General Wingate Street. The former headquarters was located behind the Ministry of Industry and near Abrehot Library. The new office is expected to be on Mozambique Street, along the route from Mexico Square to Bulgaria Road. The building belongs to one of EIH's subsidiaries, and all departments are set to move there as interior design and finishing works continue. Under the leadership of Brook Taye...


Radar

Import Substitution Push Lifts Domestic Manufacturing, Industrial Recovery

A push for import substitution and industrial expansion has prioritised 96 strategic products for local manufacturing. The “Ethiopia Tamirt” initiative reports 4.85 billion dollars in savings, supported by trade fairs linking local producers to domestic and international markets. On average, 700 new projects enter the market annually, contributing to more than 2,800 investments over four years. At the grassroots level, 18,000 SMEs have been established, while 993 dormant factories have...