Ethiopia's Ministry of Revenues announced that it has collected over 107.6 million birr in the past four months. The amount exceeds the target set for the period, standing at 103 percent.
The Ethiopian Ministry of Revenues announced it has collected over 70.11 billion birr during the first quarter of the Ethiopian fiscal year that started July 8, 2021. The amount stands at 91.24 percent of the over 76.84 billion birr revenue collection target the Ministry had set for the period.
The Ethiopian Ministry of Revenues signed a $7.5 million grant agreement with the Korea International Cooperation Agency (KOICA).
Adanech Abebe, Minister of the Ministry of Revenues, and Kim Su Jin, Director of KOICA, inked the agreement.
The Ethiopian Ministry of Trade is drafting amendment bill to lift the deadline set for business registration renewal. The amendment is needed to rectify problems relating to business license renewal.
“We are thinking of letting businesses renew their registration certificates until the end of the budget year,” Ali Siraj, state minister for Trade told Fortune.The Ethiopian Ministry of Mines has suspended issuing mining exploration licenses as of last week. The ministry has stopped issuing licenses to take stock of the local and foreign companies it has already provide licenses to according to Tolossa Shagi Moti State Minister of Mines.
The ministry needs to clarify which companies are active according to the agreements they entered upon receiving licensing and which have failed to commence operation explained Tolossa.
