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Ethiopia provides $2.4 billion tax incentive for investors

Ethiopia tax income up 10%

March 11, 2016

BY ANDUALEM SISAY GESSESSE-The tax income of Ethiopia over the past six months has increased by 10% compared to last year same period (August 8, 2014 – Jan 7, 2015), Prime Minister…

Ethiopia vows to combat trade misinvoicing

Ethiopia vows to combat trade misinvoicing

December 30, 2015

By Andualem Sisay Gessesse –Ethiopia is battling to stop the outflows of billions of dollars every year through trade misinvoicing  in collaboration with foreign partners, the country’s tax authority official said.

Ethiopian banks’ revenue grew to 24 percent

June 22, 2010

The total profit of commercial banks in Ethiopia, grew by 24 percent this year as compared to the similar period last year. This is excluding the new private banks, which have not began…

Ethiopia to boost budget 20 percent

June 11, 2010

Ethiopian Minister of Finance and Economic Development (MoFED) presented to the Parliament a 20 percent national budget increment (1.5 billion USD) for the coming fiscal year (July 8, 2010 to July 7,…