Ministry Seizes Millions in Goods


[ssba-buttons]

The Ministry of Revenues seized containers filled with clothes, medicine, electronics and motorbikes valued at 15 million Br destined to be smuggled into the country. Additionally, the Ministry found over 11,000 illegal drugs, amounting to 4.8 million Br. The Ministry also seized other products estimated at 10 million Br that were being imported using diplomatic pouches. The materials include vehicle parts and security cameras that were ordered by the embassy in the capital using diplomatic privileges. “The Ministry is increasing border security steadily and strict supervision is in place,” says Ephrem Mekonnen, Education and communication director of the Ministry. The Ministry was also able to uncover 8.9 million Br in merchandise in the border town of Moyale that were intended to be smuggled. These items were clothing, medicine, electronic goods and 35 motorbikes. “As we are getting more leads from the public, we are now able to seize more illegal trading,” Ephrem said.


Radar

New Directive Hikes Service Fees for Foreign Investors in Free Trade Zones

The Ethiopian Investment Board has issued a new directive revising the service fees from foreign investors payable in dollars to the Ethiopian Investment Commission (EIC), introducing updated rates for both the One Stop Shop and designated Free Trade Zones. The revised directive came into effect this April following its publication on the websites of the Ministry of Justice and the EIC. Issued pursuant to Article 23 of the Special Economic Zone Proclamation, the directive outlines charges for...


Radar

City Tables 350B Br Budget Plan for Upcoming Fiscal Year

The City Administration has approved a resolution to submit a proposed budget of 350 billion Br for the 2025/26 fiscal year to the City Council for deliberation. According to the Administration's statement on its official social media page, the draft budget is designed with a central focus on poverty reduction, encompassing targeted subsidies for sustainable development, investment in large-scale job-creating projects, and enhanced service delivery to address the growing demands of the reside...


Radar

Ethiopia, UN Launch Joint Plan to Drive Development Through 2030

The Ethiopian government and the United Nations (UN) have signed a five-year development plan outlining national priorities from 2025 to 2030. Signed on June 20 at the Ministry of Finance, the United Nations Sustainable Development Cooperation Framework (UNSDCF) with implications that it aligns with Ethiopia's reform goals and the Sustainable Development Agenda. The plan is backed by a projected 6.5 billion dollars, though only 1.5 billion dollars is currently secured. It focuses on closing t...