Ethiopian Business Review

Ethiopian Business Review

Ethiopian Business Review

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Between 1997 and 2008, average non-tax revenue has been increasing in Africa largely driven by the global commodity price boom. Nevertheless, especially after 2012, non-tax revenue declined sharply due to dropping commodity prices. Despite this, the non-tax revenue collected by African countries reached a staggering USD133 billion in 2017, which is much higher than the USD100 billion the continent reportedly loses annually in the form of illicit financial flows.

Leading by Example

Tuesday, 16 July 2019 03:00 Published in News

Ethiopian Prime Minister Abiy Ahmed (PhD) launched a nation-wide initiative to plant four billion trees across the country this summer. Following his footsteps, other government officials, diplomats, opposition leaders and head of states and governments visiting Addis Ababa are also planting trees. The initiative is set to mobilize national reforestation in which citizens are expected to plant 40 trees per head.

African countries exported USD476.6 billion dollars of goods in2018, 12.8Pct higher than the 2017 average. The figure is however 11.3Pct lower than the aggregate export earnings of 2014. In comparison, global exports from all countries worldwide equaled USD19.2 trillion in 2018, of which Africa’s export represent an estimated 2.5Pct.