Office Initiates Road Network Information System

Oct 31 , 2020


The Ethiopian Road Fund Office has initiated the development of an Ethiopian Road Network Information System in collaboration with Addis Abeba University's Institute of Architecture, Building Construction & City Development. Currently, the Office is in the process of procuring a satellite road network database for the system as regional states submit their road layouts to the Institute. It amassed revenues of 733.5 million Br over the first three months of the current fiscal year. The revenues were collected from tariffs imposed on petroleum, driving licenses and annual renewal fees, and tolls from cross-country buses. The Office, which achieved 98pc of its goal for this quarter, has funneled 104.4 million Br from the mobilised resources to regional states and the Ethiopian Roads Authority for road rehabilitation and other expenses. It has also allocated half a billion Birr to be distributed to road agencies for rehabilitation projects upon the submission of plans


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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...


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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...


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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...