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Pulses Exporters Team Up with Exchange to Boost Quality

Mar 23 , 2024

A three-year strategic plan compiled by the newly elected board of Ethiopian Pulses, Oilseeds & Spices Processors-Exporters Association pledges to address hurdles faced by exporters in the international market. Recent discussions between the board of directors and the management team of the Ethiopian Commodity Exchange (ECX) underscored a collaborative effort to boost export quality and trade processes. Edao Abdi's appointment follows a recent leadership change in the Association, succeeding Sisay Asmare as president. Under Edao's leadership, the Association plans to sign a memorandum of understanding with Wondemagegnehu Negera, head of the Exchange. Wondemegegnehu emphasised the importance of modernising operations to meet both the demands of exchange actors and international trade standards, reflecting a commitment to efficiency and competitiveness. Ministry of Trade & Regional Integration has also mandated pulses and oilseeds exporters to align their international sales contracts with purchase prices from the ECX. Officials believe the directive aims to safeguard consumers against price fluctuations and ensure fair pricing practices in international transactions.

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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...

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