Ministry of Finance announced that imported and domestically produced electric vehicles would be subject to lower customs tariff and full VAT, excise, and SUR tax exemptions while electric automobiles which would be assembled in Ethiopia would be fully exempted from customs duty obligations. However, imported electric automobiles will be subject to 15% customs duty.
Progress Bank started to sell shares after acquiring permission from the National Bank of Ethiopia. The organizing committee of the Bank gave a press conference last week on Tuesday and revealed that the Bank was officially launched on May 11, 2022 at Friendship Park. According to the committee, the bank aims to support civil society organizations (CSOs) and minimizing their reliance on foreign aid by establishing various fund generating schemes.
Habesha Cement S.C. has secured a letter of credit (LC) for its Chinese contractor from the Eastern & Southern Africa Trade & Development Bank, known as the PTA, Fortune reported.
The new busses that are on the streets of Addis to provide transportation service to the public servants are going to start giving service for the city’s residents.
Government public enterprises signed an agreement with their respective labour associations a deal to implement Industrial Development Strategy (IDS) on Thursday, June 19, 2014.
