Butchers Face Tax Confusion


Butcheries face a number of different systems of taxation of their goods. With differing calculation methods at work no one agrees how best to estimate taxes due. JEMAL ABDU, FORTUNE STAFF WRITER, speaks to butchers and livestock traders, representatives of the Addis Abeba Butcheries Association (AABA) and the Ethiopian Revenue & Customs Authority (ERCA) to unravel the complications.


Raised by China

The Ethio-China relationship has dated long since the two countries began formal diplomatic relations in 1970. Although the two countries are tightening their relations and a number of investors are attracted to the country, the trade balance between the two countries remains in favour of China. The recent expo of the Chinese companies reflects the Chinese high presence in the country with top number of projects, reports JEMAL ABDU, FORTUNE STAFF WRITER.


Soaring Egg Prices Remain a Mystery

It is a paradox to see a significant price increment on eggs, in a country with a total production of eggs averaging 100 million eggs for the year 2013/14 compared to 93.1 million eggs of last year 2012/2013. Even though it is still a mystery how this significant price change occurred starting from 2014 Ethiopian New Year, ordinary consumers are paying the cost, reports DAWIT ENDESHAW, FORTUNE STAFF WRITER.


The Wheat Paradox

It has been several years since Ethiopia became net importer of wheat while the county is a major one from sub Saharan countries in its potential of wheat production. Indeed, the yield of wheat production is increasing per hectare, for instance four year back one hectare plot of land yielded 19ql of wheat but this number increased to 24ql during the past one year, even though the production is increasing as the same time import is increasing relatively at same rate, reports FASIKA TADESSE, FORTUNE STAFF WRITER.


Wired Up Security

It has become increasingly common to see barbed wire fencing running along the top of walls throughout Addis Abeba. Indeed, those working in the sector have noted a marked increase in demand, with many now also favouring the electrified system. The cost of such a security measure depends on the type of wire and system installed, but, with more and more actors in the sector, prices have become more competitive, reports FASIKA TADESSE, FORTUNE STAFF WRITER.


Prime Minister’s Parliamentary Tit for Tat with Sole Opposition MP

Although the floor was open to all MPs, it was the sole opposition member who dominated proceedings in the motion raising many questions dividing into different sections; political, economic and social. The prime minister, rather defensive in his response and non-accommodative to the suggestions, cleared the stand of his party and government to the 547 seat parliament, reports JEMAL ABDU, FORTUNE STAFF WRITER.


Apologetic State of Union Address Maintains Cautious Optimism

The annual State of the Union address by the Ethiopian President Mulatu Teshome (PhD) was apologetic in its tone, whilst maintaining an optimism driven by healthy GDP growth and stable inflation. The vast number of mega projects currently reshaping the nation’s infrastructural landscape are, despite being a shining beacon of hope, causing concern and irritation for the general public at present. The poor export performance and stuttering manufacturing industry also add to the frustration caused by below par transport and services provision, although the Ethiopian President sought to provide assurances that steps were being taken to improve the country for all, reports, JEMAL ABDU, FORTUNE STAFF WRITER.


Ethiopia Main Beneficiary of Hotels Forum

Not only was Ethiopia boosted by the relocation of the third African Hotel Investment Forum (AHIF) from Nairobi, Kenya, to their own capital, Addis Abeba, but too the outcomes were extremely positive. Ethiopia still sits further down the ladder, in terms of tourist inflows and the presence of international hotels, than many other countries on the continent, but developments are painting a much rosier future. A total of six agreements were signed before, during and after the event, for new international brand hotels in Addis Abeba, and with demand influenced by the growing tourism sector and numerous diplomatic events, this trend looks set to continue, reports FASIKA TADESSE, FORTUNE STAFF WRITER.


ERCA Uses Bank Account Balance in Income Tax Calculations

Taxpayers have been left disgruntled by the approach of the ERCA, which has led to many choosing to store their cash in safety boxes as opposed to banks. The announcement that the Authority will not return excess monies collected has further aggravated this. A recent study indicated that there was no uniform approach in the use of bank accounts across the ERCA’s branches, with many citing the lack of information provided to businesspeople regarding the appropriate use of personal and business accounts, reports FASIKA TADESSE, FORTUNE STAFF WRITER


Weighing Up the Options

The demand for locally produced fitness equipment has been increasing of late, predominantly due to its affordability. Other benefits also include the ease at which repair work can be sought. There are, however, quality issues when compared to imported items. Such problems include the lack of accuracy in the weight of the products, leaving users liable to injury, reports JEMAL ABDU, FORTUNE STAFF WRITER.


Tough to be onboard

The demand for public transport to regional towns and cities increases exponentially during holiday periods. An example of this has been witnessed during the recent Ethiopian New Year, with an additional 43,419 passengers leaving the capital’s four major bus terminals. Although there has been an increase in service provision from both the private and public sectors, the capacity is still insufficient in meeting the demand. This has led to a number of people being left disappointed, as they queue for several days to find transport to meet up with their families for the celebration, reports FASIKA TADESSE, FORTUNE STAFF WRITER.


Tasty Prices for Festive Feast

As the New year approaches, the sensible among us are already shopping for ingredients forthe festive feast. It is common that as the festivities get near, prices rocket up. Currently,
however, shoppers have been surprised by the attractive prices on offer, with many key ingredients going for less than last Easter. The demand for cattle is down on last year,
however, despite the good prices; traders hope that this will change as the New Year draws in, reports FASIKA TADESSE, FORTUNE STAFF WRITER.


Cotton Collapse

A year of surplus in 2011/12 has been followed by a collapse in the nation’s cotton production. This goes against objectives laid out in Ethiopia’s Growth & Transformation Plan (GTP). One of the major issues is the land tenure in the Afar region – formerly responsible for a large percentage of cotton production. This has made it difficult for cotton growers to maintain a healthy living. Although efforts from the Ministry of Agriculture (MoA), through the Agricultural Investment Agency, exist in other regions, they hold no jurisdiction in Afar. This issue is having an impact on the textiles and garment industry in the country, reports ABDI TSEGAYE, FORTUNE STAFF WRITER.


CONNECTIVITY AT A CROSSROADS

The Universal Rural Roads Access Programme (URRAP), under Ethiopia’s Growth & Transformation Plan (GTP), is lagging far behind targets in many regions across the country. Indeed, the Somali and Afar regions are yet to begin implementing the project, with just one year of the programme remaining. The objectives of the URRAP were to benefit all kebeles with standard and affordable all-weather roads, providing year round access. It was hoped that this would improve the market integration of rural communities and enhance opportunity in the provision of social services, as well as providing local job opportunities. The implementation of the programme has, however, stumbled, with the initial labour-intensive approach proving inefficient and unsustainable reports ABDI TSEGAYE, FORTUNE STAFF WRITER.


Editorial

On November 13, 2014, Members of Parliament deliberated on a bill which...


Agenda

Butcheries face a number of different systems of taxation of their good...


Fineline

Ethiopia’s Parliament has these haphazard mom...


Commentary

The government has been reliant on bilateral and multilateral loans. Bu...


Viewpoint

Economic news is grim all around the world. This year’s output growth...


Opinion

The deficit of courage in Addis Abeba is downright depressing. When I w...


Capital Insight

The recent anti-corruption crackdown surprised both citizens and analys...


View From Arada

Despite the talk of recent changes in Ethiopia, sanitation problems, es...


Editors Pick







SUBSCRIBE TO ADDISFORTUNE


ADVERTISEMENT


ADVERTISEMENT

ADVERTISEMENT



Latest Contents



Contents from Archive