Nearly a decade after its much-anticipated launch, Addis Ababa's light-rail system is facing significant challenges, with only 15 of the original 41 trains still operational. The decline in service is attributed to a shortage of spare parts, inadequate maintenance facilities, and frequent power outages.
FDI Intelligence reported that Addis Ababa ranked second globally in attracting foreign investors who are engaged in the sector of data center construction. Addis Ababa stood second from 100 cities selected for the report who attracted foreign direct investment in data center construction between January 2003 and June 2022.
Addis Ababa Revenue Bureau announced a strong performance, collecting Birr 108 billion in revenue during the last nine months of the 2023/24 fiscal year. This achievement surpasses 98.5% of the city’s target of Birr 109.6 billion.
Addis Ababa Revenues Authority announced that a new taxpayers’ office is to be opened for tax payers who generate annual revenue of Birr 40 million or more. Deputy Director of the authority, Ato Atakilt Gebregziabher, said they were searching for an office space for the new branch which had proximity to the center and with services such as parking and reliable internet connection. He said, “The new office will help us deliver quality service. We are currently identifying and assessing tax payers’ files.” Until now, 800 taxpayers’, who will be served at the new branch, are recognized by the authority.
Addis Ababa City Sanitation Management Agency reported progress in waste recycling during the first nine months of the 2023/24 fiscal year. Out of the 587,000 tons of solid waste generated in the capital, 67,510 tons were recycled, representing an increase from previous years.
