2merkato

The Revenues and Customs Authority of Ethiopia is considering the reduction of the 20 million birr capital required of IT companies interested in supplying the electronic cargo tracking devices to be installed on freight tracks traveling to and from Port Djibouti.

The tax authority has not certified any suppliers yet because the established requirement proved to be a deterrent according to sources.  

Complaints received from the IT sector has led ERCA officials to re-evaluate their requirements based on an assessment of practices in place in other countries.

The Ethiopian government has finalized a study on electricity tariff reform, submitted to the Petroleum and Energy Authority. This initiative aims to recover electricity provision costs due to the declining global purchasing power of the dollar.

Prime Minister Abiy Ahmed reported to the Ethiopian Parliament yesterday that Ethiopia registered growth in various economic sectors. According to the Prime Minister, the agriculture sector registered a 6.1% growth in the last fiscal year.

Ethiopia has commenced the construction of its second integrated agro industrial park in Humera town, Tigray State. Prime Minister of Ethiopia, Hailemariam Dessalegn, laid cornerstone on February 21, 2017 to mark the commencement of the project.

Ministry of Urban and Infrastructure (MoUI) revealed that approximately 142,500 km of roads have been constructed over the past 26 years. This was reported during the Ethiopian Roads Administration's (ERA) 7^th annual road research conference, themed “Sustainable Road Infrastructure Development and Management through Research.”