MERKATO: A challenge for government and investors
 

By Tamiru Geda and Groum Abate

Merkato, the biggest open market in Africa, has been the main focus for the Addis Ababa City Government and the business community, following the introduction of free enterprise in the country.

State-owned businesses owe 130 ml. Br. in taxes

By our staff reporter

The Federal Inland Revenue Authority, FIRA said public-owned enterprises have shown a great degree of laxity in paying their income tax. The authority disclosed that during the last six months over 130 million Birr in unpaid taxes has been accumulated by these enterprises.

Al-Amoudi negotiates Shell acquisitions

By Tamiru Geda and Groum Abate

Shell Ethiopia has decided to offer 49 of its gas stations and the previous Agip depot located around Gotera to interested buyers.

Government records 1.47 bln. Br deficit

Both revenue and expenses are up

By Tamiru Geda

The Federal Government of Ethiopia has recorded a budget deficit in the amount of Birr 1474.1 million in the last six months.

“Foreign dependency hurts the country”

By Tamiru Geda

For many anthropologists, historians and scholars, Ethiopia is known for being the foundation of ancient civilization, but in the 21st century the country seems to be lagging behind.

Ethio-Sudan border: Hottest contraband corridor

By Tamiru Geda

A report disclosed recently by the Ministry of Revenue, indicated that the governmental body, the National Coalition Group, that was organized to curb the import and export of unauthorized goods, was able to stop illegal trades in areas such as Artisheik, Gedamitu, and Meisso, which were once known officially as areas where illegal trade was the standard. The NCG is made up of various governmental institutions and concerned business groups such as the Ethiopian and Addis Ababa Chambers of Commerce.

NBE’s control prevents failure of financial institutions

By Tamiru Geda
 

Many local share companies are said to be facing financial crisis due to lack of supervisory body, the type, for instance private banks and insurance companies are getting from the National Bank of Ethiopia [NBE].

ERA discloses preliminary study for Assosa-Sherkale-Guba road

By Tamiru Geda
 

The Ethiopian Road Authority [ERA] disclosed its final assessment result on the environmental and resettlement action plan for the design of the road to be constructed on the Assosa-Sherkale-Guba road, financed by the World Bank.

Goods disappear from customs warehouse

Airport custom officials suspended

By Tamiru Geda

Officers at the Addis Ababa Bole International Airport custom office in charge of storage of imported goods for clearance have been suspended from their duties until the investigation on the lost mobile telephones is completed. The mobile phones are the properties of local importers.

Middle class citizens ignored by financial institutions

By Groum Abate

Middle class citizens are said not to be getting the proper financial services that suits their income and financial needs.