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Local Firm Steps into Continental Market

Jan 19 , 2019

The Ethiopian Construction Design & Supervision Works Corporation has consulted on two African countries’ construction projects for an estimated fee of two million dollars. The corporation conducted a feasibility study of Rufuji Hydropower Project for the government of Tanzania. The dam has a capacity of generating 2,100MW of electricity, and the report was commissioned for 1.1 million dollars. The Corporation also participated in road construction and consulting of two irrigation projects in Nigeria. The projects, one covering 5,000ha and the other 32,000ha, enabled the Corporation to earn 687,000 dollars. In addition, the firm also constructed a 380Km road project for 226,000 dollars. In the current fiscal year, the Corporation, founded by a trio of government enterprises, has planned to participate in 387 projects and to collect 1.1 billion Br.

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...

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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...

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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...

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