tchat – New Business Ethiopia

Ethiopia collects $2 billion from legal, illegal traders

April 26, 2019April 26, 2019NBE

The Customs Commission of Ethiopia has collected around 56.7 billion birr (close to $2 billion) from international trade taxation, trade misinvoicing and confiscation of goods from smugglers during the first nine months of current Ethiopian calendar started July 8, 2018.

Ethiopia’s export income declines 9 percent

April 25, 2019April 25, 2019NBE

Continuing its decline Ethiopia’s export income for the first nine months of the fiscal year started July 8, 2018, goes down by about 9 percent compared to same time last fiscal year.