Ministry of Revenue of Ethiopia – New Business Ethiopia

Ethiopia collects $567 million tax in December

January 20, 2020January 20, 2020 newbusinessethiopianews

The Ministry of Revenue of Ethiopia announces collecting 18.1 billion birr (about $567 million at the current exchange rate) in December 2019.

Ethiopia launches electronic customs processing platform for traders

January 5, 2020January 5, 2020 newbusinessethiopianews

The Government of Ethiopia launches an electronic platform that will enhance efficiency in trade logistics landscape of the country by speeding the customs process for importers and exporters.

Ethiopia collects $3.5 billion tax in five months

December 13, 2019December 13, 2019 newbusinessethiopianews

The Government of Ethiopia has collected a total of 109.2 billion birr (about $3.5 billion at the current exchange rate) tax during the first five months the current budget year.

Ethiopia annual tax income hikes by $761 million

July 13, 2019July 13, 2019 newbusinessethiopia

During Ethiopian fiscal year concluded on July 7, 2019, Ethiopia has collected a total tax revenue of 198.2 billion birr (around $6.9 billion), which is $761 million more compared to previous year.

Ethiopia collects $612 million tax in April

May 12, 2019May 18, 2019 newbusinessethiopia

The Ministry of Revenue of Ethiopia said it has collected 17.5 billion birr (around $612 million) tax last month.

Ethiopian Customs Commission seize 35 illegal pistols

May 3, 2019 newbusinessethiopia

The Ethiopian Customs Commission said it has seized over 35 pistols from smugglers who tried to bring the weapons illegally into the capital, Addis Ababa.

Ethiopia secures $4.6 billion from tax

March 15, 2019March 15, 2019 NBE

Ethiopian Ministry of Revenue collected over 130.7 billion birr ($4.6 billion) during the first eight months of Ethiopian budget year started July 8, 2018.

Ethiopia jails 105 traders for tax fraud

February 27, 2019February 28, 2019 newbusinessethiopia

UPDATED– The Revenue Ministry of Ethiopia today announces arresting 105 traders suspected of tax fraud amounting 14 billion birr (about $496.5 million). Most are importers and wholesalers.

OIL & GAS

Ethiopia reveals more info on petroleum test production

by NBE February 11, 2020February 12, 2020Comments Off

The Government of Ethiopia reveals additional information on the recent petroleum test production in the eastern part of the country, near Hilala gas discovery site in Somali Region Ogaden area.

Ethiopia begins selling its gas produce in local market

by NBE February 4, 2020February 6, 2020Comments Off

The Government of Ethiopia has began selling its gas produce in the local market. During the first six months of Ethiopia’s current fiscal calendar which started July 8, 2019, the country has used about 1,650 barrels of crude oil produced locally.

South Sudan invites international companies for oil field audit

January 10, 2020January 10, 2020Comments Off

British company finds gas reserve in Ethiopia

May 6, 2019May 6, 2019Comments Off

Ethiopia drafts petroleum policy

April 20, 2019April 20, 2019Comments Off

Ethiopia to sell Calub gas via Djibouti pipeline

February 17, 2019February 17, 2019Comments Off

TRAVEL

Ethiopian mobile App hits 1 million downloads

by NBE February 21, 2020February 21, 2020Comments Off

The number of Ethiopian Airlines mobile App users has reached one million. With a robust and integrated digital strategy, Ethiopian has set an innovative approach to simplicity and seamless end-to-end customer experience with its user-friendly mobile App.