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Published On Oct 09, 2011 |
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MoFED to Draft TAX, VAT Law Amendment |
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The Tax and VAT proclamations are to be amended this
year as the Ministry of Finance and Economic
Development (MoFED) wants to see some provisions
changed. Drafts of the two laws are among four,
along with Mining Tax and Financial Reporting
Proclamations, it is planning to send to the Council
of Ministers.
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Karuturi to Fence Farm Half the Size of Addis |
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Karuturi Global Ltd. is to construct embankments
around 25,000ht of farmland, half the size of Addis
Abeba, in Gambella Regional State, at a cost of 15
million dollars, following its report of a loss of
15 million dollars due to flooding. |
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Power Outages Creates Havoc for Clearing Houses |
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Power interruption at one of the busiest and
largest, by volume, clearing houses for imported
items in the country, the Addis Abeba Commercial
Commodities Facilitation Branch Office of the
Ethiopian Revenues and Customs Agency (ERCA)
disrupted service for three days last week. |
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Lion’s Profit not so Profitable to Shareholders |
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Lion International Bank (LIB) reported a modest
increase in profit after tax of 43.7 million Br for
the 2010/11 fiscal year; a 10.4pc increase from last
year. However, the earning per share (EPS)
shareholders would receive decreased by 12.9pc t0
4.4 Br per value of 25 Birr shares. |
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Inexplicable Disease Afflicts 3,000 in Afar |
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A mysterious disease, which has infected
approximately 3,000 people in Afar Regional State in
the past three months, has medical professionals
puzzled. Blood samples were sent to Senegal after an
investigation at the Ethiopian Health and Nutrition
Research Institution (EHNRI) failed to identify
cultures grown here, according to sources in Afar.
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| Agenda |
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Bread is one of the few food items one can buy for
cheap, often eaten as... |
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Editor's Note |
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Ethiopian culture dictates showing respect
to all pregnant women. |
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Commentary |
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In the face of the global economic downturn,
Ethiopian economic policymakers need to continuously
monitor potential financial sector vulnerabilities,
enhance
.... |
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| Opinion |
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A recent invitation to an art studio owned by a
friend was as revealing as watching the film called
“Like the Benjamin”. |
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Read More |
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"I
am just tired." |
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Eyesuswork Zafu, President of the Ethiopian Chamber of Commerce
and Sectoral Association and Managing Director of United
Insurance SC, said this about predicting and understanding moves
the Central Bank makes about the financial sector following the
recent raise in the threshold capital of banks to half a
billion, in an interview with the Amahric Reporter that appeared
on October 2, 2011 issue. |
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Africa has not yet had a successful agricultural revolution
and as a result the vast majority of its rural population
remain trapped in poverty. Given past failures in promoting
agricultural development, some African policy makers and
donors are looking to the rural ...Read
More |
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Employee promotions usually bring higher status, accompanied
by greater respect, and better income and privileges. In
earlier times, public sector promotions were made on the
basis of experience. They were easy to implement, although
unpopular with younger employees.Read
More |
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Viewpoint |
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Understanding separation of powers in the Ethiopian context has
become difficult because party and state have often been one and... |
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The Fine Line |
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Two things define the collective disposition of
Revolutionary Democrats. Despite popular resentment
and frequent resistance,... |
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Out and About |
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Sellers
of sambusas, the deep-fried dough triangles filled
with,... |
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