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City Reports Strong Half-Year Tax Performance, High On-Time Compliance


City Reports Strong Half-Year Tax Performance, High On-Time Compliance

Addis Abeba City Administation has reported 162.72 billion Br in taxes during the first half of the fiscal year, with 95pc paid on time, Mayor Adanech Abebe told the City Council during its fifth-year, second regular session. The figure represents 92.4pc of the target. The city  had planned to raise 176.03 billion Br in annual revenue, up by 51.12 billion Br, a 45.8pc rise from the same period last year. Capital spending accounted for 70.14pc of the 148.9 billion Br total expenditure. The city allocated 18.72 billion Br in direct social subsidies and spent 55.7 billion Br on student meals, uniforms, health insurance and transport, marking a 59.7pc increase. Under a strengthened complaints and service monitoring system, 282 workers faced administrative and legal action for theft and corruption. Authorities also charged 7,678 tax-evading businesses involved in goods distribution using 2,261 trucks, supported by digital monitoring tools. A study of African cities cited Addis Ababa as a leader in revenue collection and budget utilisation.

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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...