Nyota Minerals has confirmed a plan to sell 75 percent of its Tulu Kapi gold mine project in Ethiopia, Proactive Investors UK reported.
In return Nyota Minerals will receive £1 million of cash and £3.5 million in shares, and it will retain a 25 percent interest in the project.
Add a comment Add a commentThe Nekemte-Bure road project is expected to be commenced next year, Walta Information Center reported.
The 258 km road project's Environmental and Social Impact Assessment and Resettlement Policy Framework (RPF) is completed, according to the Ethiopian Roads Authority (ERA).
Add a comment Add a comment
The Ethiopian Revenues & Customs Authority (ERCA) launched a training for medium taxpayers on using its electronic tax return filing system online on October 14, 2013, Fortune reported.
Currently, only large taxpayers with annual turnover of more than 27 million Ethiopian birr are using the e-filing system.
Add a comment Add a commentThe Ethiopian Revenues and Customs Authority (ERCA) announced, it has collected 25.3 billion Ethiopian birr revenue from various income titles during the first quarter of the current Ethiopian Fiscal Year, ERTA reported.
Education and communication director with the Authority, Efrem Mekonen told the press on Saturday that the sum was obtained from domestic tax, foreign trade and lottery sales.
Add a comment Add a comment
The Ashegoda Wind Farm, Africa's largest wind farm inaugurated in Ethiopia on 26 October 2013.
The US$289.68 million project was built by the French company, Vergnet SA with concessional loans provided by BNP Paribas and the French Development Agency (AFD). The Ethiopian government covered 9 percent of the cost, according to Reuters.
Add a comment Add a comment
