2merkato

A 150% tax will be imposed on the export of semi-finished leather from Ethiopia as of this month according to the Ministry of Finance and Economic Development. The move is expected to encourage the export of finished leather and leather products.

The new tax was announced by a joint statement of the MoFED and the Leather Industry Development Institute.

The Ethiopian Ministry of Water and Energy concluded a 2.4 million birr project to assess the Water Sanitation and Hygiene of Addis Ababa on the 1st of December as part of a national effort.

It is expected that the information gathered will play a crucial role in helping Ethiopia provide 100% water supply coverage.

The assessment included water supply for households, sanitary facilities, and the financial ability of households to pay the water rates. The inventory was carried out by data collectors trained from each area.

BGI Ethiopia paid an initial 45 million birr for the shares it acquired in Raya Brewery. BGI has agreed to pay 75 million birr for a 30% share of the brewery.

The partnership between BGI Ethiopia, an established beer producer in the country, and the new brewery is expected to make the two companies highly competitive on the national market.

The Addis Ababa, Ethiopia City Roads Authority is to establish a traffic management bureau to solve the traffic light problem in the city. The traffic light problem in the city requires more than maintenance services said Fekade Haile Manager of the AACRA.

The new traffic management bureau is expected to carry out an in depth study of the traffic conditions in the city and the role of traffic lights to propose a solution to the existing problems.