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Khalifa Fund of UAE provides $100 million to Ethiopia

July 15, 2019

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

July 13, 2019

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 to provide $550 million to Ethiopia

May 29, 2019

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.

EU grants 33 million euros to Ethiopia

EU grants 33 million euros to Ethiopia

May 9, 2019

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 reaps rewards of tax policy reform

May 6, 2019

Revenue collection in Ethiopia has increased significantly after the government implemented tax reforms to boost resources, said the African Development Bank (AfDB).

Ethiopia collects $2 billion from legal, illegal traders

Ethiopia collects $2 billion from legal, illegal traders

April 26, 2019

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…

Ethiopia collects $5 billion tax

Ethiopia collects $5 billion tax

April 20, 2019

The revenue authority of Ethiopia says it has collected 145 billion birr ($5 billion) during the first nine months of Ethiopian fiscal year started July 8, 2018.

World Bank gets new president

World Bank gets new president

April 7, 2019

The Executive Directors of the World Bank on Friday unanimously selected David R. Malpass as President of the World Bank Group. Mr. Malpass served as Under Secretary of the Treasury for International…