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Top Stories of the Week
Eight Sites Evaluated for Bishoftu Airport, Some with Half the Current Cost
New Directive to Liberalize Core Logistics Operations, Foreign Players Set to Enter
Ethiopia, South Africa Agree on Joint Team After Attacks on Ethiopian Migrants
Ethiopia Launches National E-mobility Strategy to Advance Green Transition
Africa CDC Warns Health R&D Gap Could Cost Continent USD1.1 trillion
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Collecting More, Returning Less
The Signal
Last month, the Ministry of Revenues approved VAT Refund Procedure Directive No. 1132/2018, a reworked framework governing how registered taxpayers claim back overpaid value-added tax under the new VAT proclamation ratified last year. Framed as a modernization of the refund process, the directive introduces a risk-tiered audit system intended to accelerate processing for compliant businesses while subjecting higher-risk filers to fuller scrutiny.
Its headline timelines are specific: one month for zero-rated exporters; seven days for manufacturers in the accelerated refund scheme; 45 days for standard claims going through audit. It also includes a clause requiring the tax authority to pay interest on refunds it delivers late, a provision whose very presence is a formal acknowledgement of the chronic delays the directive is supposed to fix. Read in isolation, the directive looks like an administrative rationalization. Read against the broader legislative and macroeconomic context in which it arrives, it looks rather more like a tightening of the state's grip over a cash flow mechanism that registered businesses, particularly exporters, cannot afford to have mismanaged.
More Stories
Eight Sites Evaluated for Bishoftu Airport, Some with Half the Current Cost
Ethiopian planners evaluated eight alternative sites for the Bishoftu International Airport, including several that would have cost less than half the price of the Abusera project now being built.
Among the shortlisted locations, three carried projected development costs below USD 5.5 billion. The least expensive option was estimated at USD 5.27 billion, substantially below the current projected cost of the Bishoftu International Airport (BIA), which is expected to exceed USD 13 billion upon full completion. Read more
New Directive to Liberalize Core Logistics Operations, Foreign Players Set to Enter
As part of a series of bold economic reforms, the Ethiopian government is set to invite foreign investors to operate freely in the logistics sector, an area previously closed to international players and reserved exclusively for local providers. Read more
Ethiopia, South Africa Agree on Joint Team After Attacks on Ethiopian Migrants
Ethiopia and South Africa have agreed to deploy a joint follow-up team to investigate recent attacks targeting Ethiopians and other African migrants in South Africa, Ethiopian officials said on Friday. Read more.
Ethiopia Launches National E-mobility Strategy to Advance Green Transition
Ethiopia has officially launched its National E-Mobility Strategy and Implementation Framework, a policy initiative aimed at accelerating the country’s transition toward sustainable, climate-resilient and low-emission transport systems. Read More
Africa CDC Warns Health R&D Gap Could Cost Continent $1.1 Trillion
Africa’s continued dependence on imported medicines, diagnostics, and foreign-funded health research is becoming an economic liability that could cost the continent more than $1.1 trillion over the next two decades if investment stagnates, according to a new report by the Africa Centres for Disease Control and Prevention. Read more.