Ethiopian Business Review

In the first six months of the current fiscal year, the Ethiopian Revenue and Customs Authority (ERCA) collected ETB90.8 billion, which is 83Pct of the target set for the period and 39.5Pct of the target set for the current fiscal year. Officials stress that a growing number of taxpayers are declaring losses or no income on their annual income tax report and Value Added Tax (VAT) refund. Businesses argue that this is due to the slowdown of economic activities attributable to the scarcity of foreign currency, and recent political unrest in the country. Several companies claim that their sales turnover is declining while overhead costs rise, ultimately affecting their capacity to pay taxes. EBR’s Ashenafi Endale explores the situation. 

Thursday, 15 March 2018 09:00
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Even though large-scale tea cultivation started in Ethiopia at the same time as countries like Kenya, the country lags far behind in the international market. While the tea exported from Kenya accounts for 22Pct of the total global trade currently, the share of Ethiopia remains less than 1Pct. EBR explores the reasons. 

Thursday, 15 March 2018 09:00
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In terms of headcount, Ethiopia has the tenth largest livestock inventory in the world with 120.4 million cattle, sheep and goat. But the country isn’t making the most of it. Roughly 200,000 tons meat is processed annually, and less 10Pct of it is exported. EBR’s Ashenafi Endale explores the issue to find out why.

Thursday, 15 February 2018 09:00
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