Tax Revenues Show 8.6pc Increase

Feb 2 , 2019

Revenue collected from tax in the first half of the current fiscal year has shown an 8.6pc increase compared to the same period from last year, Prime Minister Abiy Ahmed (PhD) disclosed during his latest address to the parliament last week. A week ahead of the Prime Minister’s address, the Ministry of Revenues announced that it had collected 98.67 billion Br in taxes during the first half of the current fiscal year, 23.5 billion Br short of its plan. Outdated technology, lousy customer service, the public’s lacklustre attitude toward paying taxes and weak coordination between stakeholders were among the reason for the shortfall, according to Sisay Bahiru, director of strategy, planning and project management at the Ministry. Ethiopia is listed among the lowest countries in tax revenue collection in sub-Saharan Africa.


Ethiopian Seafarers Contribute $50m Annually in Remittances

Ethiopian Maritime Authority disclosed 50 million dollars in annual remittances from seafarers deployed internationally. Abdulber Shemsu, the director general of the Authority, said Ethiopia's membership in the International Maritime Organisation (IMO), establishes global standards and guidelines for safe, secure, and environmentally sustainable shipping practices. With 176 member countries and three associate member countries, including Ethiopia, the IMO provides a framework for ensuring...


AfDB Launches $1.5m Initiative to Propel Agro-Industrial Parks

A 1.5 million dollar initiative for the development of three Agro-industrial parks was commenced last week. Financed by the African Development Bank (AfDB), the project includes feasibility studies, a master plan, and an environmental and social impact assessment. The Phase Two project, which includes capacity building for stakeholders, was initiated last week with an agreement between Semereta Sewasew, state minister for Finance and Gunther Beger, managing director of UNIDO. Semereta said...


Cabinet Approves Public Service Legislation

Council of Ministers has unanimously approved the legislation that aims to raise the competency and professionalism of public service in the country. The Federal Civil Servants Proclamation is pending ratification from Parliament. The decision was made during the 30th meeting of the Cabinet last week, which follows the ratification of the public service and administrative policy. Currently, the 176 federal agencies within 22 ministries, collectively employ around two million people. The polic...