The total deposit of Commercial Bank of Ethiopia (CBE) exceeds half a trillion birr (over $17 billion), said the recently…
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Ethiopia collects $5 billion tax
The revenue authority of Ethiopia says it has collected 145 billion birr ($5 billion) during the first nine months of…
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World Bank gets new president
The Executive Directors of the World Bank on Friday unanimously selected David R. Malpass as President of the World Bank…
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Ethiopia launches study to liberalize its financial system
Hit by severe forex shortage once again, the government of Ethiopia has launched a study that will allow to liberalize…
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Ethiopia closer to liberalize financial sector
The Ethiopian Parliament today passes the African Continental Free Trade Area (AfCFTA) by officially beginning its journey to liberalization of…
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Experts suggest digitization for Africa’s revenue harvest
Digitization has been variously described as pivotal in ramping-up revenue collection for financing Africa’s development.
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Africa advised to abandon tax holidays for investors
Chief Macroeconomist at the UN Economic Commission for Africa (UNECA), Adam Elhiraika, who is co-author of the 2019 Economic Report…
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Ethiopia secures $4.6 billion from tax
Ethiopian Ministry of Revenue collected over 130.7 billion birr ($4.6 billion) during the first eight months of Ethiopian budget year…
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Malabo set to host African Development Bank annual meetings
Malabo, the capital of Equatorial Guinea is set host the African Development Bank’s next Annual Meetings in June 2019, following…
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Ethiopia’s smallholder farmers to use cattle as collateral
The Government of Ethiopia is set to introduce bank directive that will allow smallholder farmers to use their cattle as…
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Ethiopia introduces electronic tax payment system
As part of modernizing its services, the Ministry of Revenue of Ethiopia is set to fully collect tax from large…
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Oromia of Ethiopia meets its tax revenue target
Meeting its target by 99%, the Oromia of Region of Ethiopia collects 9.187 billion birr ($325.8 million) tax in the…
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