Ethiopia’s Revenue from Manufactured Export Commodities Growing
During the previous fiscal year, 2013/2014, Ethiopia managed to earn U.S $ 400 Million from the export of manufactured commodities, Ministry of Industry disclosed.
Ethiopia’s Securities Exchange to Begin Trading Next Week
Ethiopia’s much-anticipated Securities Exchange (ESX) will officially commence trading next week. Following successful pilot transactions, the exchange is now fully operational and poised to transform investment opportunities and economic growth.
Ethiopia’s Special Economic Zones Reach 89% Occupancy
The occupancy rate across Ethiopia’s Special Economic Zones (SEZs) has climbed to 89%, according to the Industrial Parks Development Corporation (IPDC). Zemen Junedi, Deputy CEO of IPDC’s Promotion and Marketing Division, noted that nearly all 13 SEZs are now operational, attracting both local and international investors.
Ethiopia’s State Owned Financial Institutions Total Asset Reached 523 Billion Birr
The 3 financial enterprises owned by the state have registered a total asset of 523 billion Birr by the end of last fiscal year. The news was disclosed by the Ethiopian Public Financial Institutions Agency (PFIA).
Ethiopia’s Tax Authority Dissatisfied with Cash Register Servicing
The Revenues and Customs Authority of Ethiopia is dissatisfied with the annual inspection services offered to taxpayers by 
cash register suppliers. Cash register machines can fail in processing data transfers in the absence of appropriate servicing it was said.
ERCA has authorized about 11 companies’ to supply cash register machines on the local market. The suppliers are mandated to set up repair and maintenance facilities to offer annual inspections as per the arrangement with the tax authority.
The regulations established by ERCA penalize taxpayers for falling to servicing their registers on an annual basis and yet only about a quarter of the 12,465 machines sold last year have been serviced this year.
