Ethiopia Improves Corruption Index Rating

Jan 31 , 2021


Ethiopia has shown a slight improvement in the 2020 Corruption Perceptions Index (CPI), released by Transparency International last week. The country is currently ranked 94 out of 180 countries with a score of 38/100. The ranking is marginally better than the previous year when the country was ranked 96 and scored 37. The year before that, Ethiopia was ranked 114 with a score of 34. This year, Ethiopia shares the same rank with seven other nations including Tanzania, Brazil and Afghanistan. More than two-thirds of the countries featured on the Index scored lower than 50, with Somalia and South Sudan coming last in the rankings. The CPI rankings are determined using a composite of 13 surveys and assessments of public sector corruption, according to Transparency International, a German NGO founded in 1993.


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...