Ministry Gears Up to Host Manufacturing Event

Mar 25 , 2023


Over 350 local manufacturers, foreign investors and more than a quarter million visitors are expected to gather in an event aiming to expand the market destinations of locally manufactured products. Melaku Alebel, minister of Industry said the project intends to promote import substitution, expand the manufacturers' market destination, and increase export volume. According to Melaku, the Ministry has been paying close attention to the sector, learning from international countries such as Malaysia, Singapore, and Japan at the launching ceremony. Dubbed "Made in Ethiopia", the event is organised by the Ministry of Industry in the month of May at the Millennium Hall, on Africa Avenue (Bole Road). The Prime Minister introduced the national initiative last year with the goal of developing a competitive manufacturing industry by addressing the issues the industry is facing. Melaku said manufacturers and financial institutions should engage in the event and discuss the policies in the manufacturing sector.


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...