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Government grants incentives worth 191b Br

Published on February 17, 2016

Ethiopian Revenues & Customs Authority’s (ERCA) findings show that the government has provided incentives to the tune of 191 billion Br to encourage investments in the past five years. The government offers duty free imports of various goods and five-year tax holidays to investors that are expected to contribute to the economic growth of the country.

Sixty billion Birr has been offered in the form of incentives in the 12 months leading up to September 2015, said Moges Balcha, deputy director general of Customs Programme & Development Office at ERCA. He added that the incentives have witnessed growth of 31pc each year. Read more. Source | Addis Fortune