July 21, 2021: Two grant agreements with a total sum amount of $118.1 million (ETB 5.2 billion) were signed between the FDRE Ministry of Finance and the African Development Bank (African Development Fund). The grant agreements were signed by H.E. Ahmed Shide, Minister of Finance, and Dr. Abdu B. Kamara, Deputy Director-General, East Africa Region, […]
Dr. Tegegnework Gettu has been appointed as the Chairperson of the Liability and Asset Management Corporation (LAMC).
The Corporation will be focusing on absorbing and administering the State-Owned Enterprises debts; managing assets and liabilities; and handling the investment activities of the enterprises that will fall under its portfolio. The members of the Board of Directors are as follows: Dr. Tegegnework Gettu: Chairperson of Board of Directors Dr. Tegegework is a veteran of […]
Ethiopia, Switzerland Sign Double Taxation Avoidance Agreement
(ENA) Ethiopia and Switzerland inked today a double taxation avoidance agreement. The agreement is aimed at encouraging investors from Switzerland to allot finance on development works and improving the participation of Ethiopian business people in Swiss market, according to Finance Minister Ahmed Shide. Moreover, the double taxation avoidance agreement will encourage foreign investment and prevent tax […]
Accuracy has been verified for 1,620,180 measuring instruments to ensure the benefit of the consumer and business community.
(MOTI) – A total of 1,620,180 measuring instruments have been certified in the 2013 Ethiopian budget year to ensure the accuracy of legal measuring instruments and to benefit the consumer and business community. During the fiscal year, it was planned to verify the accuracy of 1,517,424 measuring instruments, of which 1,620,180, including 358,270 different scales […]
The consumer community’s demand for domestic products is growing.
(MOTI) – The government is making great efforts to achieve its economic transition from agriculture to industry. As a result, many local and foreign investors have joined the manufacturing industry. Using the attention given to the sector, investors in the textile and garment sector are now producing and marketing quality products. State Minister for Agro-Processing […]
Ethiopia is one of the top 100 countries in the World Bank’s 159th Ease of Doing Business Improvements.
(MOTI) – The World Bank will issue a ranking report of 190 countries in accordance with the Ease of Doing Business Program, which was launched in 2002 to improve trade efficiency. This level is designed to reflect the countries’ ability to do business in detail, and is indicative of the country’s attractiveness for trade and […]