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 of unemployed youths in Ethiopia.
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.
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.
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.
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 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.
The Ministry of Revenue of Ethiopia said it has collected 17.5 billion birr (around $612 million) tax last month.
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.
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.
Revenue collection in Ethiopia has increased significantly after the government implemented tax reforms to boost resources, said the African Development Bank (AfDB).
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.
The total deposit of Commercial Bank of Ethiopia (CBE) exceeds half a trillion birr (over $17 billion), said the recently appointed president of EBE.
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.
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 Affairs for the United States.
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