State companies in Ethiopia generate $8.2 billion revenue
The state enterprises in Ethiopia have generated a total revenue of over 300.5 billion birr (about $8.2 billion) during the budget year of the country concluded July 7, 2020.
World Bank grants $80 million to Ethiopia
The World Bank has signed an agreement this week with the Government of Ethiopia to grant the Eastern African country $80 million.
Tax abuse, money laundering, corruption plague global finance
Governments must do more to tackle tax abuse and corruption in global finance, says a panel of former heads of state and government, past central bank governors, business and civil society leaders…
Ethiopia honors 200 loyal taxpayers
The Ministry of Revenue of Ethiopia honored 200 loyal companies and highest tax payers for Ethiopia’s budget year concluded July 7, 2020.
Ethiopia’s private banks profit exceeds state giant CBE
The profit of all the 16 private banks in Ethiopia for the first time exceed the profit of the state owned giant Commercial bank of Ethiopia during the budget year concluded June…
Awash Bank of Ethiopia profit increases by 900 million birr
Awash Bank Share Company of Ethiopia, one of the first private banks in Ethiopia after the current regime came to power in 1991, announced before tax profit of 4.2 billion birr ($113.5…
Ethiopia secures $4 billion project financing from abroad
The Government of Ethiopia has obtained close to 142.3 billion birr (about $3.95 billion) external financing for its different projects and programs during the budget year concluded July 7, 2020, the Ministry…
Ethiopia increases annual tax revenue 18 percent
The Government of Ethiopia has increased its annual tax revenue for the budget year concluded July 7, 2020 by 18 percent (almost one billion dollar) compared to the previous year.
Ethiopia allows local banks to borrow from foreign banks
The National Bank of Ethiopia (NBE), financial sector regulatory body of the country, today passed a directive that allows local banks to borrow from foreign banks.
Company monthly tax contribution surpasses ten million
The monthly tax contribution of ABBAHAWA Trading PLC, the company engaged in multiple sectors from export to manufacturing and export, said its monthly income, excise tax contribution has surpassed ten million birr…
ABBAHAWA’s tax contribution surpasses ten million
The monthly tax contribution of ABBAHAWA Trading PLC, the company engaged in multiple sectors from export to manufacturing and export, said its monthly tax contribution has surpassed ten million birr.
Development Bank of Ethiopia secures $613 million government loan
The Ethiopian Parliament on Thursday approves 21.2 billion birr (about $613 million) long term loan to poorly performing Development Bank of Ethiopia (DBE).
Ethiopia collects over $6 billion tax income
The Ministry of Revenue of Ethiopia collected 217.24 billion birr (about $6.32 billion) tax income during the first eleven months of the current budget year of Ethiopia, winch started July 8, 2029.
Ethiopia increases budget by 7 percent
NEWS – The Ministry of Finance of Ethiopia today presented a draft national budget of 476 billion birr (about $13.9 billion) for the next budget year of Ethiopia which begins July 8,…