Laqe Ayalew, Minister of Revenue, said Thursday that the Ministry has collected 53 billion Birr in last month, which is 95.26 percent of the plan.
The Ministry has initially planned to collect 56 billion Birr. Compared to the same period last year, the plan showed an increase of 9 billion Birr or 21.82 percent, Laqe said.
Spread the NewsAkufada Microfinance Share Institution Company is set to launch its operations on Saturday, October 22 in Debre Birhan city, where the headquarters located. Officials of the institution held a presser in Addis Abeba at Ras Amba Hotel. “We’ll start operations in Debre Birhan and we’ve a plan to expand our branches to 50…
Spread the NewsYonas Adaye (PhD), the recently appointed Commissioner of Ethiopian National Dialogue Commission stressed the need to have peace to conduct business activities in the country. Without a successful national dialogue and sustainable peace, investment-driven development is unthinkable, Yonas says. He also urged the need to cement collaboration among the Commission and AACCSA members…
Spread the NewsA five-star hotel, which was constructed by Haile Resorts and Hotels Group, around Lamberet area in Addis Abeba, is going to be inaugurated soon. The new hotel is the 8th branch for Haile Resorts and Hotels Group and it’s named “Haile Grand Hotel”. Haile Resorts and Hotels is owned by Haile Gebresilassie; an…
Spread the NewsEthiopia has garnered $390 million from exports of the manufacturing industry, Melaku Alebel, Minister of Industry, said Tuesday. Melaku pointed out that the performance was 87 percent of the target set for this Ethiopian fiscal year. “Activities will be conducted to boost industrial export earnings,” he said, adding that, “Solving the difficulties in…
Spread the NewsThe Council of Ministers has approved Saturday a new policy that will open Ethiopia’s banking sector for foreign firms’ competition. The Council has approved the policy on its 13th regular session held at the Office of the Prime Minister. Ethiopia has closed its doors for foreign banks entry for a little less than…
Spread the NewsThe 16th Annual General Meeting of Addis Abeba Chamber of Commerce and Sectorial Associations (AACCSA) is underway today at Inter Luxury Hotel. Annual performance reports of 2019/20, 2020/21 and 2021/22 have been presented by an independent auditor. The reports reviewed Auditor’s financial statements of the Chamber. At the end of the Annual General…
