Ethiopia Embarks on Polish Assistance to Bolster Tax Revenues

Jul 8 , 2023


Poland pledges to assist Ethiopia with effective and equitable tax collection through its "tax solidarity program". State Minister for Finance, Semereta Sewasew, and Przemyslaw Bobak, ambassador of Poland to Ethiopia signed the memorandum of understanding (MoU) last week at an event held at the Ministry headquarters on King George Street. According to the Ministry of Finance officials, the program will support the administration, collection and digitization of the tax system as the country aspires to broaden its tax base and collect 440.8 billion Br in revenues in the next fiscal year. Tax solidarity is a program under the Polish Ministry of Finance that aims to support the efforts of developing countries to make their tax systems equitable and efficient. It aims to build the capacity of government tax and revenue collection through training in a span of three years.


Radar

Ethiopian Seafarers Contribute $50m Annually in Remittances

Ethiopian Maritime Authority disclosed 50 million dollars in annual remittances from seafarers deployed internationally. Abdulber Shemsu, the director general of the Authority, said Ethiopia's membership in the International Maritime Organisation (IMO), establishes global standards and guidelines for safe, secure, and environmentally sustainable shipping practices. With 176 member countries and three associate member countries, including Ethiopia, the IMO provides a framework for ensuring...


Radar

AfDB Launches $1.5m Initiative to Propel Agro-Industrial Parks

A 1.5 million dollar initiative for the development of three Agro-industrial parks was commenced last week. Financed by the African Development Bank (AfDB), the project includes feasibility studies, a master plan, and an environmental and social impact assessment. The Phase Two project, which includes capacity building for stakeholders, was initiated last week with an agreement between Semereta Sewasew, state minister for Finance and Gunther Beger, managing director of UNIDO. Semereta said...


Radar

Cabinet Approves Public Service Legislation

Council of Ministers has unanimously approved the legislation that aims to raise the competency and professionalism of public service in the country. The Federal Civil Servants Proclamation is pending ratification from Parliament. The decision was made during the 30th meeting of the Cabinet last week, which follows the ratification of the public service and administrative policy. Currently, the 176 federal agencies within 22 ministries, collectively employ around two million people. The polic...


Back
WhatsApp
Telegram
Email