Ethiopian Electric Power (EEP) announced that the installation of power distribution and transmission lines for the Wolqait Sugar Factory in Tigray Regional State will be completed in April 2016.
A national workshop on mainstreaming trade into Ethiopia’s national development strategies launched in Addis Ababa, Ethiopia on Wednesday 30 August, 2013.
The aim of the workshop is to support trade policy making by strengthening the capacity of key government agencies that are directly responsible for mainstreaming trade into the national development strategies, Ethiopian News Agency reported.
A World Bank economist on Tuesday, July 22, 2014 noted Ethiopia must devaluate its currency in order to boost export because the nation’s export commodities are mostly unprocessed products and they need to stay competitive on price.
The World Bank (WB) disclosed there is a need to strengthen competitiveness in the Ethiopian economy by diversifying and introducing value added export commodities. According to WB, such shall be done in order to tackle the recent problems such as drop in price the export sector is facing.
The World Bank has granted 11 million birr to facilitate an investigation into the national revenue potential of Ethiopia. The study was commissioned by the Ethiopian Revenues and Customs Authority (ERCA).
The study will assess the revenue productivity of each tax, identify gaps in the law and how to address them as well as widening the tax base on the national level. It will be part of the tax reform instituted by the government to generate mechanisms of increasing the tax-GDP ratio.
