Ethiopian Business Review

China’s rapidly rising economic and commercial relations with Africa have received much global attention in recent years. Over the last twenty years, China has climbed from being a relatively small investor in Africa to becoming its largest economic partner. Most importantly, China’s billions of dollars in aid and financing have helped many African countries, including Ethiopia, to pursue their most ambitious infrastructure development projects. However, as debt to the Asian Giant piles up, some experts fear the cost. EBR’s Samson Berhane investigates.

Sunday, 16 June 2019 00:00
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The Fight to Develop Commercial Farming

Commercial farming, which dates back to the imperial era in Ethiopia, has gone through many ups and downs. Even though the government gave local and foreign commercial producers the green light to start producing around five years ago, many of the companies that leased land and took loans from the Development Bank of Ethiopia (DBE) have left the sector altogether, citing difficulties with developing their land for production. However, this has left DBE unable to recover the billions of birr it disbursed to commercial farmers. EBR’s Ashenafi Endale explored the problems facing commercial farming, and the potential in its future.

Saturday, 15 June 2019 00:00
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The Harsh Reality Facing Firms Accused of Tax Evasion and their Employees

The subject of tax evasion, which refers to illegal practices used to escape from taxation, embraces many dimensions and problems. Global Financial Integrity estimates a sum of USD285 billion economic loss occurs in developing countries a year because of tax evasion. Although the exact figure is hard to find in Ethiopia due to insufficient data and different estimation techniques, tax evasion activities remain one of the major problem in Ethiopia. Even recently, the government announced that 135 companies were implicated in tax evasion activities, totaling around ETB14 billion. However, companies which are accused of involvement in tax evasion, as well as tax experts, stress that the gaps in the tax law is costing businesses unnecessary money, on top of leaving thousands of employees jobless as EBR’s Ashenafi Endale reports.

Wednesday, 15 May 2019 06:00
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