The narcotic division of Federal Police of Ethiopia has arrested 56 foreigners from 15 different countries involved in cocaine and cannabis trafficking.
Partly impacted by the revocation of MIDROC Gold license of Etho-Saudi billionaire Al Amoudi, Ethiopia has missed 95% of its mining export target for the first six months of the current fiscal year started July 8, 2018.
The Addis Ababa City Administration has warned over 100 real estate developers engaged in tax dodging and has been misusing the land they secured from the city administration. In recent years, tax avoidance and evasion has been a major concern in Ethiopia.
The UN Economic Commission for Africa’s (ECA) Conference of African Ministers of Finance, Planning and Economic Development is set to be held in Marrakech, Morocco.
To repatriate its stolen wealth and fight future illicit financial outflows, the Government of Ethiopia has applied to join the 199 member countries group.
Ethiopian Airlines (Ethiopian) announce free of charge transit tour to global passengers as of February 1, 2019. The offer applies to all its customers worldwide, Ethiopian said.
As part of investment incentive, the Ethiopian Ministry of Revenue has provided duty free import privilege of 65 billion birr (around $2.4 billion at the prevailing exchange rate) in the past six months.