Ministry Embarks on E-tax Services

Jan 16 , 2024


A massive expansion of e-tax system was announced by the Ministry of Revenues last week, as part of an ongoing effort to digitise the entire services provided across tax bureaus. Late and advance payments, partial document filing and audit findings within the Ministry's purview will be given through the digital platform. The Ministry gave a month-long window for taxpayers to submit their list of employees, contact addresses and other relevant information to their designated tax offices. A  simultaneous digitisation campaign at the Ministry of Regional Trade & Integration comes live, as import-export permits are provided through the e-trade system as of two weeks ago. Fayda, the national digital ID project that received a 350 million dollar boost from the World Bank last month, will be integrated into most government services in the next two years.


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Ministry Secures $86m Grants

An 86.18 million dollar grant agreement was signed between the Ministry of Finance, UNICEF and UNFPA last week to support the agencies' ongoing country programs for the fiscal year. Out of the total grant, UNICEF committed 70 million dollars to support its water, nutrition, education, health, sanitation, child protection, and gender projects. Meanwhile, UNFPA pledged 16.1 million dollars for family planning, maternal health, adolescent and youth development, and gender equality and women empo...


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Authority Reports Fuel Import Stats

Ethiopian Petroleum & Energy Authority (EPA) disclosed that 3.2 million tons of fuel were imported into the country during the last fiscal year. The figure includes 2.04 million tons of diesel and 767,672tns of benzene. In the past fiscal year, the digital payment system, Telebirr, facilitated transactions totalling 103 million volumes worth 61.8 billion Br. Of these transactions, 81.39pc were for diesel, while 17.82pc were for benzene. The number of fuel stations increased from 682 to...


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Commercial Bank Collects $3.2b in Foreign Currency

The Commercial Bank of Ethiopia (CBE) announced robust performance in foreign currency collection for the past fiscal year, achieving 3.2 billion dollars in total mobilisation. This includes 2.07 billion dollars in remittances, with the Bank's Diaspora banking service and CBE Birr contributing 89.9 million dollars to the total. The performance details were shared during CBE's annual review meeting last week. "This achievement is particularly gratifying given the challenging economic climat...


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