Ministry Ushers E-payment System for Tax

Feb 4 , 2023


Tax and pension payments foresee facilitation through Telebirr as the integrated system between Ethiotelecom and the Ministry of Revenues comes live. According to officials, the online system is hoped to ease the payment process, sending clearance and receipts for customers while updating the Ministry server with timely data. Telebirr, since its inception in 2021, has made 263 billion Br transaction value integrating with 18 banks through 28.2 million subscribers. The financial service App transacted more than 165 billion Br in the last six months, earning Ethiotelecom 82.5 million Br. Officials at the Ministry reported that 60.8pc domestic tax accounts for 138.8 billion Br of the total revenues, collecting close to 226 billion Br through the first half of the fiscal year, a 31pc increase from the previous year. Ethiotelecom signed a memorandum of understanding with the Ministry last week at Skylight Hotel, Africa Avenue.


Radar

Ethiopia Revives WTO Ambitions After Five-Year Stall

Ethiopia's trade delegation led by Kassahun Gofe (PhD), a chief negotiator in the WTO accession talks, is reviving a long-stalled effort to join the World Trade Organisation (WTO), signalling renewed ambition following a five-year hiatus. He travelled last week to Geneva, Switzerland, where the WTO is headquartered, to conclude negotiations for membership by March next year. If successful, Ethiopia's accession to the world's trade body will be timed, with the 14th ministerial conference set t...


Radar

First Digital Insurance, Loan Services Launched

A new digital insurance and loan service platform christened 'Agar' - translated as a partner - has debuted in the market, marking a notable entry into the financial sector. The initiative, a collaboration among Global Bank Ethiopia, Lucy Insurance, and Kacha Digital Financial Services, pledged to transform access to insurance and credit for various user groups, including insurance policy buyers, taxi drivers, and salaried employees. For Abraham Tilahun, CEO of Kacha Digital Financial Service...


Radar

City Forms Task Force to Regulate Informal Street Vendors

A new task force under the city administration will enforce new regulations designed to restore order on the streets of Addis Abeba and address concerns over cleanliness and public safety. The task force has been established to enforce regulations imposed on informal street vendors. The city's Trade Bureau launched the initiative to address the increasing informal trading, which city officials say has been "disruptive to the established trade system." The task force is headed by Deputy Mayor...