Ethiopia: Council Approves Budget for Next Fiscal Year
The Council of Ministers approved a draft budget of Birr 801.6 billion for the 2023/2024 Ethiopian fiscal year.
Ethiopia: Council of Ministers Approves 223.3 Billion Birr Budget
Council of Ministers approves 223.3 billion Birr Ethiopia’s budget for the coming fiscal year and referred the draft bill to the House of Peoples’ Representatives (HPR) for ratification, the Capital reported.
Ethiopia: Council of Ministers Approves Bills
The Council of Ministers endorsed the regulation which is drafted to revise the Establishment Regulation of the Ethiopian Railway Corporation. The draft regulation has increased the authorized capital and paid up capital of the Corporation to Birr 221 billion and Birr 120 billion, respectively.
Ethiopia: Council of Ministers Approves Procurement and Mining Bills
The Council of Ministers endorsed and forwarded the draft Procurement and Asset Management and Mineral Resources Development Proclamations to the House of Peoples’ Representatives.
Ethiopia: Council of Ministers Gives a Green Light for the Establishment of National Economic Zones
The Council of Ministers of Ethiopia discussed and approved a draft policy document on National Special Economic Zones. When approving the draft policy document, the Council pointed out that special economic zones contribute in the enhancement of the country’s economy by improving export systems, increasing foreign direct investment, and creating employment opportunities.
