Ministry Collects 127.5b Br in Tax Revenue

Jan 25 , 2020


[ssba-buttons]

The Ministry of Revenues has collected 127.5 billion Br in taxes in the past six months of the current fiscal year. The figure is 101pc of the Ministry's target. Comparing the result with the same period last fiscal year, the revenue shows an increment of 28.9 billion Br, according to Adanech Abebe, Ministry of Revenue. Of the collected revenue in the reported period, 58pc was from domestic taxes, and the remaining 42pc came from customs duties. During the current fiscal year, the government targets to cover 253 billion Br, or 65pc, of the budget from domestic tax revenues. In the last fiscal year, the Ministry collected 197.2 billion Br in tax revenues.


Radar

Milkii App Disburses 25 Million Br in Collateral-Free Loans in Two Months

Oromia Bank's new collateral-free digital lending app, Milkii, has disbursed 25 million Br in loans without requiring collateral. Of this, 16 million Br has already been repaid, generating 1.4 million Br in revenue within just two months. Developed in partnership with Quantum Technology PLC, the app plans to make lending more accessible and inclusive, aligning with Oromia Bank's contribution to the Digital Ethiopia initiative. According to a press release, Milkii promotes financial inclusi...


Radar

Ethiopia Partners with UK to Ease Shipping Bottlenecks

The Ethiopian Freight Forwarders & Shipping Agents Association (EFFSAA) and the British International Freight Association (BIFA) signed a memorandum of understanding (MoU) on May 27, 2025, at Hilton Hotel Addis Abeba, to address skills gaps, customs delays, and corridor inefficiencies in the freight and logistics sector. The partnership focuses on technical cooperation, training, and regulatory reform. With over 90pc of trade dependent on the Djibouti corridor, rising congestion, customs...


Radar

Education Authority Sanctions Mishqen College for Rule Violations

The Education & Training Authority has issued a decisive directive last week, mandating legal action against Mishqen College for persistently defying regulatory orders and unlawfully continuing to offer higher education services. Mishqen College had previously been licensed to conduct undergraduate distance learning programs across multiple regions from 2019 to 2022. However, after serious regulatory breaches, the institution was ordered to cease all instruction, complete pending academic...