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New excise tax amendment to see further improvement

New and controversial Excise Tax Amendment bill which has been forwarded to the Budget Affairs Standing Committee of the House of Peoples’ Representatives (HPR) is said to see further changes this week, especially regarding new imported vehicles, cigarettes and bottled water, The Reporter has learnt.

New Election code demands strict media conduct

The newly drafted Code of Conduct for the Mass Media and Journalists on the Manner of Reporting about Elections, a daft regulation put together by the National Electoral Board of Ethiopia (NEBE), appears to be more comprehensive and strict, maintaining the ban on Election Day prediction and pre-election polling by the media houses, while allowing the publishing of pre-election polls with proper citing of polling organization and other details.

UK minister makes commitments, bumps heads with media

High-level visit by the United Kingdom’s International Development Secretary, Penny Mordaunt, this week, concluded with the announcement of a slew of grants, including one worth GBP 115 million with the Ministry of Finance and Economic Cooperation and endorsing the reforms of Prime Minister Abiy Ahmed (PhD) on democracy and human rights in Ethiopia.

Ethiopia, UK sign GBP 115 million agreement

The governments of Ethiopia and the United Kingdom of Great Britain and Ireland, acting though the Department for International Development (DfID), have signed a grant agreement of GBP 115 million at the Ministry of Finance and Economic Cooperation (MoFEC) today.

US Companies hail political reforms, privatization

During a rare business panel on Thursday, which aimed at showcasing US firms in Ethiopia and organized by US Embassy in Addis Ababa, diplomats and companies have welcomed the recent changes in the political and business environment of Ethiopia.

Liquidity crisis thwarts government budget

The Government of Ethiopia is said to be facing a liquidity crisis as the decline in export earnings and tax revenue reaches an alarming level and foreign borrowing comes to a squeaking halt due to the country's external debt stress, the Ministry of Finance and Economic Cooperation (MoFEC) admitted to the House of Peoples’ Representatives (HPR) on Thursday.