2merkato

The Revenues and Customs Authority of Ethiopia has submitted a shortlist of six companies to conduct a national revenues potential study to the World Bank.

The firm selected to conduct the job will be required to measure the revenue productivity of each tax and discover discrepancies between potential revenue and the revenue being actually collected.

The study will reveal strength’s and weakness on the part of ERCA in its efforts to raise domestic revenue according to an official with the authority.

The Ministry of Transport and Logistics (MoTL) announced an increase in the use of locally stuffed container packing for the nation's export cargo. This strategic initiative has resulted in cost savings despite encountering challenges due to a shortage of containers.

Ethiopia and Turkey concluded 5 agreements on Wednesday, December 28, 2016 in Addis Ababa. The agreements are made in the aim of facilitating more trade between the 2 countries.

Ethiopia secured a 75 million Euro loan from France after concluding a loan agreement. The loan is said to be utilized for building the National Load Dispatch center with its back up replica and Bus Rapid Transit.

Italian Trade Agency has concluded cooperation agreement with Ethiopia, to develop the Horn of Africa’s nation to improve its textile industry development. The Italian Agency signed the cooperation agreement with Ethiopian Textile Industry Development Institute.