Security Agency Joins City Tax Collection Efforts

Dec 19 , 2021

The Information Network Security Agency has signed an agreement with Addis Abeba City Revenues Bureau to enhance the latter's digital revenue collection. A platform dubbed "Derash Digital Payment Platform" will be used to augment the city's tax collection system, according to Solomon Soka, director-general of the Agency. In addition, cybersecurity enhancement works will be conducted on the Bureau's existing digital systems. More than 50 billion Br has been transacted since the launch of Derash, which works in collaboration with 16 commercial banks and 10 other financial institutions. Last week, the Agency also signed an agreement with ArifPay, a digital payment service provider, to facilitate digital payment through Derash.


Geda Special Economic Zone Receives Prospective Tenants

East African Holding and Ethio-Chicken have been shortlisted to invest in the Geda Special Economic Zone(GSEZ), located in the tri-state area shared by Mojo, Adama, and Shashemene cities within the Oromia Regional State. The two companies were selected from 120 investors who showed interest in acquiring space in one of the largest SEZs in Africa. Close to 404hct of land has already been developed in the expansive economic zone, out of a potential 24,000 hectares, with lease prices set between...


Standard Institute Revamps Fees, Board Restructuring

The Ethiopian Standards Institute (ESI) is set to introduce fees for standards sticker, establish a new governing board, and address collaboration with other regulatory bodies. The Institute plans to strengthen its financial standing by charging fees for standards and product certification services to support its operations and annual budget. A key change involves replacing the current Council of Standards with an 11-member Board of Directors. The Minister of Trade & Regional Integration...


Safaricom Ethiopia Rolls Out its Network to Tigray

With 125 self-built towers, Safaricom Ethiopia has launched its operations in the Tigray Regional State. Executives disclosed plans to invest in an additional 166 towers and expand their reach to the remaining towns. "This is the most exciting milestone in Tigray since the return of social services," said Getachew Reda, president of the Interim Regional State Administration. In July 2021, the consortium-backed telecom giant entered Ethiopia's market, historically dominated by state-owned E...