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Ethiopia introduces electronic tax payment system

Ethiopia set to boost revenue 52 percent

August 12, 2010

The Ethiopian Revenue and Customs Authority set to increase government revenue for the fiscal year 2009/10 (July 8, 2010 – July 7, 2011) by 52 percent from last year. 

Ethiopia continues investing in power

May 14, 2010

Continuing its investment in power projects, Ethiopia inaugurated today (May 14, 2010) the Beles hydroelectric power generation plant, which cost a total of 7.1 billion birr (around 500 million USD).

Banking business in Ethiopia booming

Banking business in Ethiopia booming 

January 8, 2010

Despite the global financial crises, banking business in Ethiopia is booming. Four new banks are currently under-formation while the existing ones continue announcing profit increment every year.

Authority revokes 82 business licenses

January 2, 2010

The Revenue and Customs Authority of Ethiopia over the past months revoked trade licenses of 82 businesses for not starting to use the sales registering machine on the time table set by…