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UAE Pledges $100m to Innovation, Technology

Jul 20 , 2019

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Ethiopia has recieved a 100-million-dollar grant and signed a Memorandum of Understanding (MoU) with the United Arab Emirates (UAE) to enhance the innovation and technology sectors in the country. The agreement was signed between Admasu Nebebe, state minister for Finance, Hussain. Jasim Al Nowais, chairperson of the Khalifa Fund Board of Directors. Prime Minister Abiy Ahmed (PhD) was also present at the signing ceremony. Though the grant mainly focuses on assisting the progress of innovation and technology, it also provides support for the micro, small and medium enterprise sector development and job creation. Mohammad bin Zayed Al Nahyan, the crown prince of the United Arab Emirates (UAE), visited Ethiopia in June 2018 and the UAE pledged three billion dollars in aid and investment to Ethiopia.

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Somali Region Advances Budget Independence as Revenues Rise

Somali Regional State is moving closer to fiscal independence, with nearly half its budget now funded locally. Officials point to rising agricultural output and stronger tax enforcement as key drivers behind growing revenues. The region plans to cover 32.5 billion Br from its own resources in the upcoming fiscal year. Communication Head Mohammed Abdi credited last year's tax collection of 18 billion Br, exceeding the 17 billion Br target, to agriculture, khat, and other taxable goods. The reg...

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Environmental Protection Authority Shuts Down Polluters

Addis Abeba's Environmental Protection Authority (EPA) has taken enforcement action against 3,249 manufacturers and service providers found violating environmental standards in the 2024/25 fiscal year. The violations, ranging from air and noise pollution to improper waste disposal, were identified during inspections of 14,872 businesses citywide. Penalties included warnings and closures, with shutdown orders issued to six plastic factories, 23 block factories, a soft paper plant, 102 nightclu...

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Ministry Mandates Full Electronic Clearance for Top Taxpayers

Taxpayers under the Ministry of Revenues' Medium No. 1 branch will have to ditch paper filings and switch entirely to the e-Clearance system for non-audited services starting August 1, 2025. The mandate, routed through the Ministry's e-filing portal, is pitched as part of a broader push to modernise tax administration and advance the government's digital agenda. Officials say the platform lets users process clearance requests remotely via the Fayda national ID, cutting out manual paperwork. A...

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