2merkato

Zefemesh plc, Ethiopia announced plans to launch a mega mall complex. The complex will be cover 9000 m2 and will be seven floors high, to house various services.

The building will be located in the Megenegna commercial area of Yeka district chosen for its strategic location according to Nega Asfaha, Project Management Consultant for the Zefemesh Grand Mall project.

The 4000m2 mall building will be open for business in six months he said.

Seventy percent of tax revenue in Ethiopia comes from less than one thousand people according to the Ethiopian Revenue and Customs Authority in a workshop for small business owners in Addis Ababa.  

962 taxpayers classified as large were responsible for raising more than two-thirds of the tax revenue collected last year explained the tax authority.

The workshop was designed to answer a range of questions on the tax system with officials from the ERCA and the Addis Ababa Micro and Small Enterprises Development Office explaining the details of the tax system.

The Ministry of Industry, Ethiopia allocated 5130 hectares of land for industrial zones in the last six months.The industrial sites will be dispersed across Dire Dawa, Amhara, Southern and Somali regional states.

700 hectares of the land allocated for industrial use is to be found in the Borena area of Dire Dawa while 350 hectares were allocated in Shinele in Somali Regional State.

1123 hectares are targeted for industry in Kombolcha city in the Amhara Regional State and the capital of the Southern Regional State Hawassa allocated 776 hectares.

The tax authority of Ethiopia, ERCA, collected 35 billion birr on the federal level over the last two quarters. The authority was also able to raise 3.2 billion birr in revenue and tax from Addis Ababa.

The tax collected met the target set by the Ethiopian government in spite of being 3 billion birr less than expected by the tax authority.

The tax raised in the last two quarter exceeds the revenue collected for the same period last year by 10.2 billion birr.