Ethiopia secures $56 million from contraband trade
The Customs Commission of Ethiopia has confiscated worth 1.6 billion-birr ($56.3 million) items from contraband traders during the fiscal year ended July 7, 2019.
Ethiopia, Djibouti secure finance for joint road project
The government of Ethiopia and the African Development Bank Group on Monday have ink a $98 million grant agreement from the African Development Fund (ADF). The funding aims to help finance phase…
Commercial Bank of Ethiopia becomes top tax payer
The Commercial Bank of Ethiopia (CBE), the state financial institution, has become the top tax payer in Ethiopia paying 3.51 billion birr (about $121 million) during budget year of the country concluded…
EU to help Ethiopia create 400,000 new jobs
The European Union (EU) is set to provide 1.5 billion birr (45 million euros) finance to Ethiopia assisting the east African country create 400,000 new jobs.
Khalifa Fund of UAE provides $100 million to Ethiopia
The Khalifa Fund for Enterprise Development of the United Arab Emirates (UAE) today agreed to provide $100 million for the government of Ethiopia to help entrepreneurs create jobs for the growing number…
Ethiopia annual tax income hikes by $761 million
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.
World Bank provides half a billion dollars to Ethiopia
The World Bank Group today announces half a million dollars grant to the Government of Ethiopia for the implementation of Climate Action through Landscape Management (CALM) Program.
Mauritius, UAE working against African countries, study reveals
The Corporate Tax Haven Index (CTHI) by Tax Justice Network launched yesterday shows how the United Arab Emirates (UAE) and Mauritius are among the most corrosive corporate tax havens against African countries.
World Bank to provide $550 million to Ethiopia
The World Bank Group has approved $550 million grant and loan to Ethiopia. The funding approved last week aims to improve the livelihoods of pastoralists and the nation’s ongoing power sector reforms.
Tigray of Ethiopia collects close to $130 million tax
Tigray region of Ethiopia has collected 3.7 billion birr (about $130 million) tax during the first nine months of current Ethiopian fiscal year started July 8, 2018.
Ethiopia collects $612 million tax in April
The Ministry of Revenue of Ethiopia said it has collected 17.5 billion birr (around $612 million) tax last month.
EU grants 33 million euros to Ethiopia
The European Union (EU) is set to provide 33.5 million euros grant to the Government of Ethiopia for EU-TRUST Fund for Disaster Risk Reduction project.
Ethiopia to boost excise tax income by a billion dollars
The Government of Ethiopia is set to boost its annual income from excise tax every year by around a billion dollars, said a government official.
Ethiopia reaps rewards of tax policy reform
Revenue collection in Ethiopia has increased significantly after the government implemented tax reforms to boost resources, said the African Development Bank (AfDB).