Keangnam Lands Partial Relief of Taxes for Reentry

[Addis Fortune] Keangnam Enterprise Limited, a Korean construction firm that had requested the government to be relieved of 75.6 million Br of unpaid taxes has finally agreed to pay the due amount in instalment payments.

[Addis Fortune] Keangnam Enterprise Limited, a Korean construction firm that had requested the government to be relieved of 75.6 million Br of unpaid taxes has finally agreed to pay the due amount in instalment payments.

source: AllAfrica News: Ethiopia

Ambitious PM Focuses Right, Needs Precision to Address Ills

[Addis Fortune] Regarding a great many Ethiopians overseas and here at home, I am glad that Prime Minister Abiy Ahmed (PhD) has chosen the path of national unity as a means to heal the wounds inflicted by tested and failed divisive political rhetoric.

[Addis Fortune] Regarding a great many Ethiopians overseas and here at home, I am glad that Prime Minister Abiy Ahmed (PhD) has chosen the path of national unity as a means to heal the wounds inflicted by tested and failed divisive political rhetoric.

source: AllAfrica News: Ethiopia

Authority Awards 13 Billion Br Road Projects

[Addis Fortune] Out of the nine road projects the Ethiopian Roads Authority (ERA) awarded to eight companies late last week, a Chinese firm made the highest offer to construct a 68.8Km alternative road for Limalimo.

[Addis Fortune] Out of the nine road projects the Ethiopian Roads Authority (ERA) awarded to eight companies late last week, a Chinese firm made the highest offer to construct a 68.8Km alternative road for Limalimo.

source: AllAfrica News: Ethiopia

Impressive, Prime Minister Abiy. but Caution

[Addis Fortune] The Revolutionary Democrats have finally mustered the courage to swallow the inevitable bitter pill under the leadership of a young man, Abiy Ahmed (PhD). Last week, the highest decision-making body of the party agreed, rather unanimous…

[Addis Fortune] The Revolutionary Democrats have finally mustered the courage to swallow the inevitable bitter pill under the leadership of a young man, Abiy Ahmed (PhD). Last week, the highest decision-making body of the party agreed, rather unanimously, to open up state-owned enterprises in key economic sectors to private capital. It is a decision that heralded a second-generation leadership of the incumbent has a test for meaningful reforms both on the political and economic fronts.

Ethiopia to Partially Privatise Major SOEs

[Addis Fortune] Ethiopia is soon to partially privatise Ethio Telecom, Ethiopian Airlines, Ethiopian Shipping & Logistics Services Enterprise and the Ethiopian Electric Power Corporation. The list also includes state-owned railways, sugar factories, industrial parks, hotels and manufacturing companies.

[Addis Fortune] Ethiopia is soon to partially privatise Ethio Telecom, Ethiopian Airlines, Ethiopian Shipping & Logistics Services Enterprise and the Ethiopian Electric Power Corporation. The list also includes state-owned railways, sugar factories, industrial parks, hotels and manufacturing companies.

source: AllAfrica News: Ethiopia

Export Revenue Goes Cold, Disrupts Macroeconomy

[Addis Fortune] Although the import bill has shown a decline last year, this year’s export revenue remains to disappointment with barely half of the target met. As macroeconomic problems continue, international financial institutions advice the governm…

[Addis Fortune] Although the import bill has shown a decline last year, this year's export revenue remains to disappointment with barely half of the target met. As macroeconomic problems continue, international financial institutions advice the government to consider making cuts to government expenditur. If the budgets are not modest a further devautation of the Birr is inevitable, reports YARED TSEGAYE, FORTUNE STAFF WRITER.

source: AllAfrica News: Ethiopia