Ethiopia: Domestic Products Substitute Import Goods Worth USD 1.07 Billion
The Ministry of Industry revealed that domestic products substituted import goods worth USD 1.07 Billion during the first half of the current fiscal year.
Ethiopia: Domestic Products Substitute Import Goods Worth USD 1.9 Billion
Domestic products substituted import goods worth USD 1.9 billion during the past nine months of the fiscal year. Commenting on the achievement, the Ministry of Agriculture, the Ministry of Revenues, and the Ministry of Industry stated that they would be able to achieve their plan for the current fiscal year.
Ethiopia: Draft Bill Gives ERCA More Power
Ethiopia’s draft income tax proclamation is said to equip Ethiopian Revenue and Customs Authority (ERCA) with significant powers. The powers are said to be given to the Authority in the aim of expanding its tax collection power.
Ethiopia: Draft Bill to Put an End to Minimum Capital
Businesses in Ethiopia will no longer be required to present minimum capital statements in order to be registered, if a proclamation to amend the Commercial Registration and Business Licensing Proclamation is approved by the federal legislature, House of Peoples Representative (HPR).
Ethiopia: Draft Custom Bill Sent to House Standing Committees
Ethiopia’s law making body, House of Peoples Representatives’ (HPR), sent a draft custom bill to two of its standing committees; Budgetary and Finance Affairs Standing Committee and the Law and Justice Administration Affairs Standing Committee.
