For the first time, the export of goods, valued at 1.5 billion, surpassed that of service exports, which came in at 1.6 billion, disclosed Prime Minister Abiy Ahmed (PhD). Gold and coffee were the leading export commodities, with gold accounting for half a billion and coffee generating 760 million

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Source: addisfortune
@Ethiopianbusinessdaily

“We don’t collect taxes,” said the Prime Minister, stating that the majority of the economy is informal. His government plans to collect 1.5 trillion in revenues this year, with 900 billion Br from federal and 600 billion from regional sources.

Source: addisfortune
@Ethiopianbusinessdaily

Prime Minister Abiy told MPs that his administration is not collecting as much taxes as the economy generates, attributing its main stay to the informal economy. His administration plans to collect 1.5 trillion in domestic revenues this year, with 900 billion Br from federal and 600 billion Br from regional sources. Tax to GDP ratio remains half the sub-Saharan Africa average of 15pc.

Source: addisfortune
@Ethiopianbusinessdaily

While exporters see potential benefits of direct trading between suppliers and exporters, they express concerns about the liquidity crunch that could result from the strict payment terms. They argue that a credit system is necessary to cushion the blow and ensure smooth operations.

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Source: addisfortune
@Ethiopianbusinessdaily

Partner's Content: #EdTechMondays

How’s EdTech changing schools in Ethiopia?

Catch our radio show as we discuss the impact of different initiatives and how they're transforming classrooms.

Tune in to Fana FM 98.1 on October, 28th at 8:10 pm for insights.

#EdTechMondays #EdTechMondaysEthiopia #Ethiopia #Africa #Education #EdTech #Tech #AddisAbaba #ICT #Infrastructure #Digital #DigitalLiteracy #Shega #mastercardfoundation

አቢሲኒያ ባንክ ለኤቲኤም ተጠቃሚ ደንበኞቹ ማሳሰቢያ ሰጥቷል።

"የአቢሲንያ ባንክ ATM ሲጠቀሙ የሚስጥር ቁጥር አስቀድሞ እንደሚጠይቅ የሚታወቅ ሲሆን ፤ይህ አገልግሎት ተሻሽሎ የሚስጥር ቁጥር የሚጠይቀው ደንበኞች የብር መጠኑን ካስገቡ በኃላ መሆኑን ልናሳውቅ እንወዳለን" ሲል ነው ያሳሰበው።

Source: seleda
@Ethiopianbusinessdaily

RLSD International Design award highlights sustainable fashion

The Real Leather. Stay Different. International Design Award recently concluded in London, showcasing innovative designs and a commitment to sustainable fashion. The event brought together designers from around the globe, emphasizing leather as a durable and eco-friendly material that intersects creativity with environmental responsibility.

A standout moment of the evening was the recognition of Ruth Girmay, who was honored as Africa’s Most Commendable Designer for her Overfishing Bag design, which addresses marine sustainability issues.

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Source: capitalethiopia
@Ethiopianbusinessdaily