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

Addis Chamber Embarks on Leadership Forum

A leadership forum where prominent executives will share their experiences in the business environment is organised by the Addis Abeba Chamber of Commerce & Sectoral Association (Addis Chamber) and SAK Training & Consultancy Firm. Headlining Arega Yirdaw (PhD), president of Unity University, who is expected to address the fortunes and adversities of the leadership ecosystem and share insights into his cascade of experiences, the first round is expected to set off at the Inter-luxury H...


Radar

Wegagen Bank Launches its Mobile App

Embracing the digital realm, Wegagen Bank officially launched its mobile banking application last week. The App was inaugurated in Dire Dewa City, with Yehwalashet Zewdu, vice president of the Bank Enterprise Services, showcasing its service that provides secure and seamless financial services. According to Yehwalashet, Wegagen Mobile meets the evolving needs of its clientele in Amharic, English, Afan Oromo, Tigrigna and Somali languages. Incorporated in 1997, Wegagen Bank has grown to become...


Radar

Zemen Bank Joins IFC's Trade Finance Program with $30m Boost

Zemen Bank has secured a 30 million dollar trade finance guarantee from the International Finance Corporation (IFC) to boost the trade finance operations. A member of the World Bank Group, IFC has welcomed Zemen as the newest member of its Global Trade Finance Program aimed at supporting exports and imports. Signed by Dereje Zenebe, president of Zemen Bank and Madalo Minofu, country manager of IFC, the trade financing is part of the one-billion-dollar Africa Trade & Supply Chain Finance P...


Back
WhatsApp
Telegram
Email