Ministry Organises Agro-processing, Plastic-print Expo

Jun 12 , 2023


Participants hailing from 16 different countries and over 130 companies exhibiting their products attended the agro-processing and plastic print packaging expo last week. Over 3,000 visitors came to see the different products displayed at the Millenium Hall, Africa Avenue (Bole Road). The exhibition was hosted by the Industry and Agriculture ministries in partnership with several stakeholders from the private sector. At the opening ceremony, State Minister for Industry Hassan Mohammed stated that the international expo provided a platform to showcase local products, establish investment prospects, and network with industry peers. The expo is the fifth of its kind, occurring a mere three weeks after the Ethiopia Tamirt Exhibition that sought to foster local manufacturing. Despite a growing appetite internationally for agro-processed products globally, there has been limited progress in terms of development. Organised by Prana Events, the three-day event was free for all participants who managed to register online.


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...