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.
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.
Ethiopia's government has proposed a budget of Birr 971.2 billion for the upcoming fiscal year, a significant increase of 21.1% compared to the 2023/24 budget. This draft plan was presented to the parliament by Finance Minister Ahmed Shide.
Addis Ababa May 13/2015 Ethiopian Agriculture Investment Land Administration Agency disclosed that it has provided over 2.3 million hectares of land for investors this Ethiopia fiscal year.
Ministry of Finance issued an invitation for expression of interest today to partially privatize Ethio Telecom. The company which will win the bid will own 40% of the equity share capital of Ethio Telecom and join the Ethiopian telecom market alongside Ethio Telecom and Safaricom.
