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.
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.
