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Government Committed to Raise Horticulture Export

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Category: Latest Business Alerts

Prime Minister Hailemariam Desalegn, opening the 2015 Hortiflora Expo, International Trade Fair at the Millennium Hall on Saturday, March 27, 2015, said even if the horticulture export industry is a newborn, it had recorded astonishing growth in few years, Walta Inforamation Center reported.

Last Updated on 01 April 2015
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Government Planning to Set Up Construction Sector Regulatory Body

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Category: Latest Business Alerts

Ethiopian government is planning to establish Construction Industry Council to regulate the construction sector. A draft regulation prepared by the Ministry of Urban Development and Construction for the past two years is set to be tabled to the Council of Ministers in a month time.

The regulation is drafted drawing on the experiences of countries such as, the U.S, China, India and Korea.

Last Updated on 14 August 2013
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Government Scraps Controversial Reinvested Dividend Tax

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Category: Latest Business Alerts

Ethiopian government has dropped plan to tax dividends which remain undistributed to shareholders. Tax on dividends should only be paid after part of the net earnings are paid to shareholders, Sufian Ahmed, Minister of Finance & Economic Development, said reassuring the business community attending the annual Public-Private Dialog, held at the UNECA, on Thursday, June 27, 2013.

Last Updated on 14 August 2013
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Government to Issue a Birr 900 Billion Bond to Cover Unpaid Loans from Commercial Bank of Ethiopia

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Category: Banking and Finance

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The Ethiopian government is preparing to issue a bond worth Birr 900 billion to address unpaid loans provided by the Commercial Bank of Ethiopia (CBE) to government development organizations. The bond, introduced during a recent government session, aims to settle outstanding debts and strengthen the bank’s capital base.

Last Updated on 07 November 2024
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GPB Global Resources to Begin Oil Exploration Project in Afar

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Category: Latest Business Alerts

Russian oil and gas company named GPB Global Resources is to make a start on oil exploration project in the Afar Regional State of Ethiopia, The Reporter reported.

Last Updated on 19 October 2015
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