IFC Pledges to Advise Customs Reform

Apr 6 , 2019

A cooperation agreement between the International Finance Cooperation and the Ethiopian Customs Commission has been signed to provide advisory support for reforms in trade logistics. The agreement, signed between Dahlia Khalifa, senior manager at IFC, and Debelle Kabeta, commissioner of Customs, provides a framework for advisory support to be implemented in a three-year program in partnership with the Commission as well as other public and private sector stakeholders. IFC has been working with the former Ethiopian Revenues & Customs Authority to improve the country’s investment climate. The new agreement is a continuation of the previous initiative and will build on the work that has already been done. The new program is expected to improve ECC’s customs risk management, establish streamlined transit and border crossing procedures and implement the national Electronic Single Window (eSW) system.


Geda Special Economic Zone Receives Prospective Tenants

East African Holding and Ethio-Chicken have been shortlisted to invest in the Geda Special Economic Zone(GSEZ), located in the tri-state area shared by Mojo, Adama, and Shashemene cities within the Oromia Regional State. The two companies were selected from 120 investors who showed interest in acquiring space in one of the largest SEZs in Africa. Close to 404hct of land has already been developed in the expansive economic zone, out of a potential 24,000 hectares, with lease prices set between...


Standard Institute Revamps Fees, Board Restructuring

The Ethiopian Standards Institute (ESI) is set to introduce fees for standards sticker, establish a new governing board, and address collaboration with other regulatory bodies. The Institute plans to strengthen its financial standing by charging fees for standards and product certification services to support its operations and annual budget. A key change involves replacing the current Council of Standards with an 11-member Board of Directors. The Minister of Trade & Regional Integration...


Safaricom Ethiopia Rolls Out its Network to Tigray

With 125 self-built towers, Safaricom Ethiopia has launched its operations in the Tigray Regional State. Executives disclosed plans to invest in an additional 166 towers and expand their reach to the remaining towns. "This is the most exciting milestone in Tigray since the return of social services," said Getachew Reda, president of the Interim Regional State Administration. In July 2021, the consortium-backed telecom giant entered Ethiopia's market, historically dominated by state-owned E...