2merkato

Ethiopia secured 461 million US dollars from the tourism sector from an estimated 584, 490 tourists who visited the country in the last financial year according to the Ministry of Culture and Tourism.

The stated revenue does not include earnings from domestic tourism said said Amin Abdulkadir, Minister for Culture and Tourism speaking at a meeting organized to assess the performance recorded by the ministry in the just concluded budget year as well as to launch the action plan for the new fiscal year.

A range of activities intended to promote and enhance cultural, historical and natural tourist attractions in the country contributed to the sum earned according to Amin.

The annual inflation rate in Ethiopia remained at 20% in July according to data revealed this week. Month-on-month prices remained unchanged for the third consecutive month revealed the data.

The pace of increase in food prices, however, has marginally slowed down showed the data. Food inflation decreased to 20.7% from 21.5% and non food inflation fell to 19.8% from 19%.

The year on year inflation rates showed signs of alleviating from 20.9% in June noted the Central Statistics office.

Ethiopian Airlines announced that it expects to take delivery of its first Boeing 787 Dreamliner on the 14th of August in Seattle, Washington.

The airline is proud to be the first airline from Africa, the Americas, Europe and the Middle East to take delivery of the Dreamliner and to be able to offer its passengers the unique flight experience offered by this aircraft.

Ethiopian is the only airline, other than Japan, to receive the new class of aircraft affirming its pioneer status in African aviation said Tewolde Gebremariam, Chief Executive of the airline.

The Ethiopian Revenue and Customs Authority extended the tax deadline for Group ‘C’ taxpayers in Addis Ababa by a week to August 14th.

Group ‘C’ businesses are those businesses which have annual sales less than 100 thousand birr and who are not expected to collect Value Added Tax but pay a gross estimated annual tax amount.  

Meanwhile the deadline Group A taxpayers who are charged with monthly obligations including the collection of VAT on behalf of the tax authority is November 9th and the deadline for Group B businesses is set to the 10th of September.