Ethiopian Windfall Tax to Supplement Budget
The windfall tax Ethiopia collected from commercial banks after the devaluation of the birr last year is to be used to supplement the budget of the Ethiopian Roads Authority and the Ministry of Education.
The Ministry of Finance and Economic Development allocated 3 billion birr the ERA and 1 billion to the MoE. The bill allocating the supplementary budget was approved by the Council of Ministers and referred it the House of Peoples Representatives which referred it to the Budget and Financial Affairs Standing Committee.
If the committee approves the supplemental budget ERA’s budget will increase to 20.5 billion which is 177% more than the 7.1 billion birr the authority was allocated in 2008-09.
Ethiopian Airlines, the largest airline in Africa, is pleased to announce that it has won the Airline of the Year Award for the second time in a row at MICE Magazine’s 8th Annual Industry Golden Chair Awards held in Beijing, China on April 1, 2015. The annual Golden Chair Award is one of the most influential awards in China and ranks airlines, hotels, travel agencies and tourism destinations with the best performance.
Ethiopian Airlines Group has won the ‘Overall Excellence for Outstanding Crisis Leadership 2020 Award’ from Global Finance magazine. The award recognizes companies that went above and beyond in responding to the global pandemic crisis and in assisting their customers, protecting their employees and providing critical support to society at large.
