The Oromia Sovereign Fund has signed a development agreement with MIDROC Investment Group to collaborate on projects in ...

Ethiopia is experiencing a surge in urbanization, with the number of recognized cities climbing to 2,543, up from fewer than 1,000 just a decade ago, according to new data from the Ministry of Urban ...

Despite this expansion, only 275 of these urban centers have reached the level of city administration, while more than 2,000 remain at the municipal level. The uneven pace of development has created ...

Ethiopia’s coffee industry brought in USD 2.7 billion in revenue in the last fiscal year, according to the Ministry of ...

The agreement was signed by ERC CEO Hlina Belachew and COIPA Italia CEO Vito Favorito, in the presence of Ethiopia’s Minister of Transport and Logistics, Alemu Sime, who also chairs the ERC Board, and ...

The Ethiopian government has set a target of USD 8 billion in remittances from its diaspora community during the 2025/26 fiscal year, building on efforts to expand remittance channels and strengthen ...

Rental income tax is imposed for each tax year at the rate or rates (specified below) on building or buildings that has taxable rental income for the year. The rental income tax payable by a taxpayer ...

As per Income Tax Proclamation No. 979/2016 (herein after the Proclamation), a withholding tax is a tax on an income which is required to be withheld by the withholding agent. Withholding Agent means ...

Sole proprietorship is business in which only one individual owns all the assets, and operates in his/her personal capacity. In this form of enterprise, the owner is also personally liable for all ...

We have compiled here the rates and exemptions on personal income tax or tax on income from employment in Ethiopia. Every person having income from employment in any government or other private ...

Ethio Telecom and the Oromia Regional State’s Revenues Bureau have signed an agreement to implement a digital tax payment system through the Telebirr platform. This new system will replace the manual ...