FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds




Ethiopia Embarks on Polish Assistance to Bolster Tax Revenues

Jul 8 , 2023


[ssba-buttons]

Poland pledges to assist Ethiopia with effective and equitable tax collection through its "tax solidarity program". State Minister for Finance, Semereta Sewasew, and Przemyslaw Bobak, ambassador of Poland to Ethiopia signed the memorandum of understanding (MoU) last week at an event held at the Ministry headquarters on King George Street. According to the Ministry of Finance officials, the program will support the administration, collection and digitization of the tax system as the country aspires to broaden its tax base and collect 440.8 billion Br in revenues in the next fiscal year. Tax solidarity is a program under the Polish Ministry of Finance that aims to support the efforts of developing countries to make their tax systems equitable and efficient. It aims to build the capacity of government tax and revenue collection through training in a span of three years.


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...