News

finance ministry retakes reins on investment incentive provision

Share on Facebook
Tweet
The federal government has centralized the approvals for investment incentives as the Ministry of Finance takes over the responsibility from various agencies.The Ministry assumed the authority before approving a new directive drafted to enforce the new working arrangement. The revised structure ...
Read more......

commission to give importers access to duty valuation process

Share on Facebook
Tweet
The Ethiopian Customs Commission (ECC) has decided to give importers access to its price valuation database, for long a source of dispute between its officers and the business community.The Ethiopian government follows six basic sequential stages of customs valuation recommended by the World ...
Read more......

Deposit mobilization barely keeping up with cash hoarding inflation

Share on Facebook
Tweet
A businessman trading in electronics, Abel never thought he would be burdened in making timely payments for suppliers. Running a store in Mercato, he has a weekly turnover of somewhere around 800,000 Br though this may go up to 1.2 million Br when business is booming. With huge chunks of cash on ...
Read more......