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Customs Crackdown Nets 13 Billion Br in Alleged Contraband


Customs Crackdown Nets 13 Billion Br in Alleged Contraband

The Customs Commission seized alleged contraband goods worth over 13 billion Br in the first half of the current fiscal year, arresting 729 suspects. The figures were revealed during the Ministry of Revenue's annual strategic review, where the Commission presented its half-year performance report. Of the total, 12.13 billion Br in goods were intercepted entering the country, while exports worth 918.6 million Br were seized. Enforcement outcomes rose 45.8pc compared with the same period last year. The Commission said it is working with federal and regional institutions and conducting public awareness campaigns to curb smuggling and trade fraud.

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Radar

Federal Prosecutors Accuse Public Officials, Contractors of Corruption, Alleged Illicit Fund Transfers

Federal prosecutors have filed corruption and money laundering charges against 11 defendants, including Nigstu Bogale, Coordinator of the Development Project for Response to the Impact of Refugees in the Horn of Africa at the Ministry of Agriculture, Biniyam Fantaye and Taye Habte, senior irrigation engineers involved in the Development Response to Displacement Impacts Project (DRDIP-II), as well as private individuals and construction company representatives. The case alleges losses and illicit...


Radar

EIH Transitions to New Headquarters as It Oversees Major State-Owned Enterprises

Ethiopian Investment Holdings (EIH) is relocating its headquarters from its current site on General Wingate Street. The former headquarters was located behind the Ministry of Industry and near Abrehot Library. The new office is expected to be on Mozambique Street, along the route from Mexico Square to Bulgaria Road. The building belongs to one of EIH's subsidiaries, and all departments are set to move there as interior design and finishing works continue. Under the leadership of Brook Taye...


Radar

Import Substitution Push Lifts Domestic Manufacturing, Industrial Recovery

A push for import substitution and industrial expansion has prioritised 96 strategic products for local manufacturing. The “Ethiopia Tamirt” initiative reports 4.85 billion dollars in savings, supported by trade fairs linking local producers to domestic and international markets. On average, 700 new projects enter the market annually, contributing to more than 2,800 investments over four years. At the grassroots level, 18,000 SMEs have been established, while 993 dormant factories have...