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Category: Business

Ethiopia Bolsters Domestic Resource Mobilization through Tax Reforms

July 22, 2024

Addis Ababa: Ethiopia has bolstered domestic resource mobilization through tax reforms, and improved administration resulting in a 24.8 percent average increase in revenue over the past three years, according to Minister of Finance.

The First prepara…

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IPS Finalizes Study for Mesebo Cement Factory to Help It Regain Past Production Capacity

July 22, 2024

Addis Ababa: Industrial Parks Development Corporation’s Industrial Projects Service (IPS) has finalized a feasibility study for Mesebo Cement Factory to help it regain its past production capacity.

IPS General Manager, Shiferaw Solomon formally hande…

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Debt Relief Initiative Should Be Scaled Up at Multilateral, Bilateral Frameworks: FM Taye

July 22, 2024

Addis Ababa: Ethiopian Foreign Minister Taye Atske Selassie said debt relief initiative should be scaled up both at multilateral and bilateral frameworks to solve unsustainable debt burden as well as unlock investment to SDGs.

The opening session of …

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Ethiopia Demands Financing Progress on SDGs, Reform of Global Financing System

July 22, 2024

Addis Ababa: Ethiopia’s Finance Minister Ahmed Shide emphasized the need for reinforcing transformative financial frameworks to the Sustainable Development Goals (SDGs) and undertaking comprehensive reform in the global financing system.

The minister…

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Oromia Priotizes Rainy Season Crops, Irrigated Wheat for Export Boost: President Shimelis

July 21, 2024

Addis Ababa: Oromia region President Shimelis Abdisa announced a focus on maximizing rainy-season farming and expanding dry-season irrigated wheat cultivation to bolster agricultural production and contribute to export initiatives this Ethiopian Fisca…

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IPDC Earns over Two Billion Birr Revenue in Last Fiscal Year

July 20, 2024

Addis Ababa: Industrial Parks Development Corporation (IPDC) stated that it has obtained more than 2.1 billion Birr in revenue during the just ended 2023/24 Ethiopian fiscal year.

The revenue was earned from the rental of production sheds, service la…

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