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.
The Gidabo Irrigation Dam project will be inaugurated in a week’s time, the Ministry of Water, Irrigation and Energy disclosed.
The project, which cost over 1.1 billion birr, has a reservoir with a capacity of holding 62.5 million cubic meters of water.
Ethiopia's Ministry of Industry (MoI) has introduced a new policy that focuses on import substitution as a means to enhance domestic production and reduce dependence on imports. This represents a departure from the previous emphasis on export-led manufacturing.
New meter taxis, 15 in number, are set to commence giving service in Ethiopia’s capital, Addis Ababa, soon. The service provider, Addis Meter Taxi, was founded by 50 investors in 2015 an investment capital of almost 25 million Birr.
Tebarek Oil is set to join the Ethiopian market from the coming January 2015 as the tenth distributor. It has its depot located at Awash Town.
