2merkato

The Federal tax structure of Ethiopia has collected 22.2 billion birr in the first quarter according to source with the Ethiopian Revenues and Customs Authority. The revenue raised from federal taxes in the first quarter is higher than the 21.5 billion birr projected by the authority for the reporting period.

The revenue collected at the federal level this quarter makes up 22% of the 101 billion birr that the authority has targeted to collect in the current financial year.

The federal taxation system includes income from customs and duties, domestic taxes and the national lottery system. The national lottery and customs contributed less than anticipated amounts of revenue according to sources.

Ethiopia is playing a significant role in developing the Common Market for Eastern and Southern Africa according to Sindiso Ngwenya, General Secretary of the COMESA.

The role the country is playing includes its support of activities that forge economic integration in the COMESA region, said Ngwenya following the talks he held with Prime Minister Hailemariam Dessalegn in Addis Ababa.     

Discussions with the Ethiopia premier included means of enhancing COMESA efforts to achieve integration in the region he said.
The COMESA Secretary General has extended an invitation for Hailemariam to take part in the COMESA meeting scheduled to held in Uganda in     November.

The 18th International Conference of Ethiopian Studies is being held outside of the capital Addis Ababa in Dire Dawa for the first time. The conference will be held from the 29th of October to the 2nd of November under the theme of ‘Movements in Ethiopia/Ethiopia in Movement.’

Dire Dawa and co-host Harrar were chosen to host this years conference because the two are crossroads in the trade and migration networks and have retained their cultural and religious traditions without sacrificing modernity.

The conference was organized as a collaborative effort by the Institute of Ethiopian Studies and the French Center of Ethiopian Studies and is primarily sponsored by the French Embassy in Ethiopia.

LG Electronics is looking to expand its presence in the Ethiopian market by meeting the increasing need for air conditioning equipment said Dinir Abubaker, Country Director for the company.

The Ethiopian climate is changing and the need for air conditioning is increasing he noted at the event held to launch the new Titan series of air conditioners to the Ethiopian market at the Hilton Hotel.

The new line of air conditioners have built in voltage switch to protect the conditioners compressor from damage caused by fluctuations in electrical current that is caused by unstable power supply in the African Region explained Sangmin Lee, Vice President of LG East Africa. The air conditioner is also more power effective using 75% less power than other conditioners on the market he claimed.