Tuesday, August 16, 2022
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    Tag: MoF

    Coffee and Tea Building to get a facelift after 40 years

    The head office of the Ethiopian Coffee and Tea Authority, which has served for over 40 years, entered into maintenance and renovation works at a cost of 130 million birr.

    New strategy urges Cities cover 70% of their Expenses

    ‘Cities Finance Strategy’, a new document tabled to the Ministry of Finance, mandates cities and towns to cover at least 70 percent of their capital and recurrent expenditures from internal revenues.

    Gov’t holding company under-formation

    A conglomerate dubbed ‘Government Holding Company (GHC)’ is under-formation; it is going to be an umbrella company which will be a hub for all State Owned Enterprises (SOEs) that are currently being overseen by the Public Enterprises Holding and Administration Agency (PEHAA). The holding company will be administered by a Board to be established.  

    Govt expects new institutional structure to last a decade

    The new institutional structure revealed following PM Abiy’s new cabinet back in early October is designed to last at least for the next ten years, The Reporter learnt.

    Government lifts tax on food items

    In an effort to curb and control the rising inflation and enhance the purchasing capacity of the public, the government removed the tax levied on basic commodities such as wheat, edible oil, sugar and rice as of September 3, 2021.  

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