The Southern Nations Nationalities State Revenues Authority said it has collected over 668 million birr in revenue in the first quarter of this fiscal year, Walta Information Center reported.
Authority Revenue Development and Planning Support Process Owner, Tamiru Teferi, told Walta Information Center, that the revenue was obtained from direct and indirect taxes as well as other income titles.
Addis Ababa Public Procurement and Property Disposal Service awarded Steely RMI PLC to supply 50,084 tons of reinforcement bars that are worth 1.23 billion Birr. The steel is for the public housing projects the Addis Ababa City Administration is undertaking.
Stella Trade and Industry PLC is granted large-scale gold mining license to mine in Gambella State, Ethiopia. This makes Stella the first company to extract gold in Gambella.
According to Ethiopia Extractive Industries Transparency Initiative (EEITI) publication, currently there are more than 80 companies exploring for gold in Ethiopia. Nonetheless, it is only 4 companies that have been granted extraction license.
Ethiopian Roads Authority (ERA) completed the study it conducted for the 220 Kilometers Modjo – Hawassa Expressway on the environmental and social impacts as well as Resettlement Action Plan.
Ethiopia’s Sugar Corporation disclosed it has canceled the construction of 2 sugar factories out of the intended 10. The projects that will be affected by the change of plans are Kuraz and Beles projects.
