The Ministry of Revenues has introduced a new draft Value Added Tax (VAT) Refund Directive designed to align with last year’s VAT Proclamation amendments, proposing major changes to refund eligibility, investment classification, and exporter benefits.
A new edible oil plant at Ethiopia's town of Debre Markos has started trial production. The plant, built at a cost of five billion birr (close to $121.7 million), hopes to ease the rise in demand for edible oil in Ethiopia.
A new enterprise that will have the mandate and responsibility to mange Ethiopian Commodity Exchange’s (ECX) warehouses is going to be established by Ministry of Trade (MoT).
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.
