Ethiopia: Government Contemplating to Join Fuel Retail Business
Ethiopian Petroleum Supply Enterprise (EPSE) has submitted proposal allowing the government to join the fuel retail market, Fortune reported.
Ethiopia: Government Established New Trading Business Corporation
Four public enterprises, owned by the government of Ethiopia, are merged to establish a corporation dubbed Ethiopian Trading Business Corporation (ETBC). The corporation’s capital is said to be more than 3.8 billion Birr.
The Corporation is established in the aim of stabilizing local market, carry out integrated business activities, put in place accountability and to efficiently exploit the capacity of the enterprises.
Ethiopia: Government Financial Institutions made 6.28 Billion Birr
The four state owned financial enterprises have earned a total of 6.28 billion Birr during the last six months of the fiscal year, Government Financial Enterprises Agency (GFEA) disclosed. The institutions attained 93.02 percent of their plan.
Ethiopia: Government Implements 30% Fuel Tax Amid Inflation Concerns
The Ministry of Finance has announced the full implementation of a combined 30 percent tax on petroleum products for the 2025/26 fiscal year, consisting of a 15 percent value-added tax (VAT) and a 15 percent excise duty.
Ethiopia: Government Plans to Expand Electricity Access to 75% by 2015
Ministry of Water, Irrigation and Energy (MoWIE) announced by the year 2015 it plans to expand access to electricity from the present 51 percent to 75 percent of Ethiopia’s population.
