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Ethio telecom Inks Immigration Services Deal

Jun 11 , 2022

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The state-owned Ethio telecom and the Immigration & Citizenship Service have signed an agreement to facilitate service payments through the former's Telebirr mobile money platform. Applicants can now pay fees for a new passport, renewal services, and other charges via Telebirr. The Service processes paperwork for up to 2,000 people a day. The agreement is the latest in a string of deals the telecom operator has signed in recent weeks. Last month, Ethio telecom and Ride, a popular taxi-hailing platform, inked a partnership that allows passengers to pay their fares through Telebirr. The mobile money platform has garnered over 19 million subscribers and facilitated transactions valued at around 10 billion Br since it was launched last May.

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New Directive Hikes Service Fees for Foreign Investors in Free Trade Zones

The Ethiopian Investment Board has issued a new directive revising the service fees from foreign investors payable in dollars to the Ethiopian Investment Commission (EIC), introducing updated rates for both the One Stop Shop and designated Free Trade Zones. The revised directive came into effect this April following its publication on the websites of the Ministry of Justice and the EIC. Issued pursuant to Article 23 of the Special Economic Zone Proclamation, the directive outlines charges for...

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City Tables 350B Br Budget Plan for Upcoming Fiscal Year

The City Administration has approved a resolution to submit a proposed budget of 350 billion Br for the 2025/26 fiscal year to the City Council for deliberation. According to the Administration's statement on its official social media page, the draft budget is designed with a central focus on poverty reduction, encompassing targeted subsidies for sustainable development, investment in large-scale job-creating projects, and enhanced service delivery to address the growing demands of the reside...

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Ethiopia, UN Launch Joint Plan to Drive Development Through 2030

The Ethiopian government and the United Nations (UN) have signed a five-year development plan outlining national priorities from 2025 to 2030. Signed on June 20 at the Ministry of Finance, the United Nations Sustainable Development Cooperation Framework (UNSDCF) with implications that it aligns with Ethiopia's reform goals and the Sustainable Development Agenda. The plan is backed by a projected 6.5 billion dollars, though only 1.5 billion dollars is currently secured. It focuses on closing t...

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