Ethio Chamber Embarks on Market Link Project

Jan 19 , 2024


A project that aims to create a market link for avocado, onion and soybean producers was unveiled last week. Ethiopia Chamber of Commerce & Sectoral Association aims to strengthen the capacity of Agri-Business associations in Amhara, Oromia and Sidama regional states through over half a million euros financed by GIZ. Launched at Inter Luxury Hotel, Tito St. the Agri-Business capacity-building project initiative is hoped to have a potential impact on agriculture focusing on value chains to stabilise the market. According to Melaku Azezew, president of the Association, the year-long project aims to provide training and market research to help the producers explore the international market avenue. He said they plan to conduct research and discussions and put forth proposals to the policymakers.


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...