Ethiopia has joined hands with Eugen Schmitt Company, a German company, to construct ethanol plant in Wonjo Shoa Sugar Factory. The plant is said to be constructed at an outlay of 51 million USD.
Ethiopia’s capital Addis Ababa got a new three star hotel, Southern Addis Hotel. The hotel was inaugurated on Tuesday, March 10, 2015.
The Ethiopian Ministry of Urban Development & Construction (MoUDC) is to launch a new housing program for individuals working in wholly or partially owned government corporations, Fortune reported.
The latest housing program is on top of the eight housing programs already underway. The program is scheduled to be launched on September 26, 2013.
A draft directive is prepared by the Ministry of Development, Housing and Construction (MUDHC) on housing registration for members of the Ethiopian Diaspora community. This housing scheme is going to be open only for the Ethiopian Diaspora.
Under Ethiopia’s upcoming income tax proclamation, individuals and businesses making cash payments exceeding Birr 10,000 in a single transaction could face significant penalties.
