Ministry Lifts Tax on Semi-Processed Leather

Jan 11 , 2020

The Ministry of Trade & Industry lifted the 50pc tax imposed on the export of pickled and white blue leather products as of January 6, 2020. State Minister for Trade & Industry Teka Gebreyesus mentioned that the tax had highly undermined the growth of the industry. Before lifting the tax, the Ministry, the Leather Industry Development Institute, and key stakeholders in the sector conducted a study that showed the effect of the tax. Of the 17 leather processors, five have shut down their businesses, and the remaining are operating below their capacity. "Companies that have gone bankrupt will revive and open their doors again," said Teka. It was a much-needed action taken by considering the complaints of the investors, according to Berhanu Abate, president of the Ethiopian Raw Hides & Skin Suppliers’ Association.



They say, "Where there is traffic, there is business." It reflects the colour of Addis Abeba roads and roundabouts. Around Bole, commonly known as the Ring Road, vendors serve tea and snacks underneath a bridge. Owing to these selling methods allow pedestrians and drivers to get the service they need while walking and driving. Despite that, such practice has become a frequent encounter in the heart of the city streets. The most common purpose of a ring road is to reduce traffic volumes in the ur...



Pedestrian walkways around Addis Abeba are growing smaller by the day, competing to gain a foothold in the public spaces. The city, which prides itself as Africa's political and diplomatic capital, becomes a showcase of contrast. Beauty and affluence wrestle destitution and poverty to claim space. Vendors have displayed their second-hand outfits, shoes and luggage for sale on a roundabout in front of the Ministry of Education, up at the Arat Kilo area...



Retired city buses were once converted to bakery outlets retailing bread supplied by ‘Sheger Bakery' during their twilight zone. The city administration had used Anbessa City buses as its retail shops before formal outlets replaced them. Sheger Bakery, touted as the largest bakery and flour factory with the potential of baking two million loaves of bread daily, was to cater for millions of people in Addis Abeba with a subsidized bread supply but failed to live up to expectations. The old city...