Ethiopia’s Nib bank makes 928 million birr profit
Nib International Bank Share Company, one of the private banks in Ethiopia announces gross profit of 928 million…
Finance
Ethiopia’s Dukem town tax income quadruples
Tax income of Dukem, one of industrial hubs of Ethiopia, has almost quadrupled from it was five years…
Ethiopia state enterprises debt surpasses $5.6 billion
Debt of twelve state enterprises in Ethiopia surpasses $5.6 billion, according to the latest report of the state…
State enterprises in Ethiopia collect $9.4 billion revenue
Ethiopia’s state enterprises have collected total revenue of 258.51 billion birr (about $9.44 billion) last Ethiopia fiscal year…
British territories facilitate stealing of Africa’s tax money
British and its territories are the top destinations of the money multinationals are stealing from Africa countries by…
Africa needs disruptive tax policy to tax digital businesses
Panelists of the 7th Pan African Conference on tax and Illicit financial flows, stress that Africa needs disruptive…
Pan African conference discusses taxation in digital economy
Focusing on how African countries boost their local revenue in today’s digital economy, experts from across the globe…
New bank set to enter Ethiopia market
Goh Betoch Bank, a new financial institution that aims to reintroduce mortgage banking (loan for housing construction) in…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
Ethiopia collects $2 billion from legal, illegal traders
The Customs Commission of Ethiopia has collected around 56.7 billion birr (close to $2 billion) from international trade…
Ethiopia’s state bank deposit surpasses $17 billion
The total deposit of Commercial Bank of Ethiopia (CBE) exceeds half a trillion birr (over $17 billion), said…
Ethiopia collects $5 billion tax
The revenue authority of Ethiopia says it has collected 145 billion birr ($5 billion) during the first nine…
World Bank gets new president
The Executive Directors of the World Bank on Friday unanimously selected David R. Malpass as President of the…
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…
Ethiopia closer to liberalize financial sector
The Ethiopian Parliament today passes the African Continental Free Trade Area (AfCFTA) by officially beginning its journey to…
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.
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…