2merkato

The Revenues and Customs Authority in Ethiopia collected 52.93 billion birr from non-tax and tax income in the last nine months.

ERCA collected 26.4 billion birr making up 90.87% of its target of 29.13 billion birr in tax and non-tax revenue domestically said Efrem Mekonnen, Director of the Education and Information Directorate with the tax authority.

The revenue raised has shown a 47.7% increase from the same period last budget year according to Efrem.

The project to execute a modern residential address system in Addis Ababa, Ethiopia is showing promising progress according to the Integrated Land Management Information Project Development Office.

The program was launched in two sub-cities as part of the plan to set up an address system dividing streets, blocks and house numbers.

A manual has been prepared to help number each street and house in partnership with hansa Luftbild Consulting, a German company according to Ephrem Belete, Office Unit Coordinator. An address map has already been developed for two woredas and 98% of sign posts have already been put up he said.

The National Standards Council of Ethiopia approved 536 additional standards on goods and services. The new standards are part of the national strategic goals explained Legesse Genre, Director of the Ethiopian Standards Agency.

The standards for cement, fertilizers, metal products, health care equipment, pumps, leather and leather products were approved by the NSC. Twelve health care facility standards are compulsory out of the total of 536 standards.

The year on year inflation rate in Ethiopia fell to 29.8% in April from 32.5% in March showing a decrease for the second straight month according to the Central Statistics Agency.

Year on year food prices also lowered to 36.7% from 40.9% in March while non-food inflation decreased to 19.6% from 20.4% the previous month said the agency.

The inflation rate month on month also decreased to 2.1% in April from 4.6% in March showed the statistics.