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Excise tax imposed on new cars with engines below 1, 300cc reduced to 5%
Addis Ababa, January 17, 2020 (FBC) –The Ministry of Finance announced today revisions made on the new draft excise tax law.
The Ministry said the excise taxes levied on new cars with…
Ethio telecom obtains over 22 bn birr in revenue in six months
Addis Ababa, January 15, 2020 (FBC) -Ethio telecom announced a revenue of 22.04 billion birr in revenue in the first half of this Ethiopian fiscal year, achieving 104% of the target.
The…
Commercial Bank of Ethiopia inaugurates branch in Djibouti
Addis Ababa, January 13, 2020 (FBC) – The Commercial Bank of Ethiopia (CBE) inaugurated yesterday its branch in Djibouti.
President of Djibouti, Ismail Omar Guelleh, Ambassador of…
Ethiopia quits new sports betting licences
Addis Ababa, January 13, 2020 (FBC) –The National Lottery Administration of Ethiopia has suspended issuing new licences for sports betting companies.
The administration told FBC today…
Ethiopian plans to open up 3 new Chinese destinations
Addis Ababa, January 11, 2020 (FBC) -Ethiopia's flag carrier, Ethiopian Airlines (Ethiopian) is planning to open flights to three new Chinese destinations, an Ethiopian official said on…
Marathon Motor launches 3 new model cars
Addis Ababa, January 9, 2020 (FBC) -Marathon Motor Engineering Plc today launched three new model cars.
They are ‘The All New Hyundai Palisade SUV’, ‘Hyundai Mighty’ and ‘The New Hyundai…
Ethiopia won’t rush into flexible exchange-rate system: State Minister
Addis Ababa, January 8, 2020 (FBC) - The International Monetary Fund (IMF) approved last month a program for Ethiopia of 2.9 billion US dollars.
The program is aimed at supporting the…
Chinese 2nd largest textile company to invest $65m in Ethiopia
Addis Ababa, January 8, 2020 (FBC) -Shangtex Holding Co. Ltd has signed a lease agreement with the Ethiopian Industrial Parks Development Corporation to invest at Bole Lemmi II Industrial…
Ministry lifts tax imposed on wet blue, pickled skins and hides
Addis Ababa, January 8, 2020 (FBC) – The Ministry of Trade and Industry (MoTI) has fully lifted the tax levied on export wet blue and pickled skins and hides.
The move targets encouraging…
Ethiopia launches electronic single window
Addis Ababa, January 4, 2020 (FBC) –Ethiopia today launched electronic single window (eSW) project, a one-stop service system, in a ceremony held at the Prime Minister’s office.…