Apiculture directive sets limits on commercial beekeeping, cross-breeding projects

A directive from agricultural officials lays down new rules for beekeepers in the country, restricting the types of species that can be used in apiaries and introducing strict terms for research and cross-breeding practices. The directive, which has been in the pipeline since the Apiculture Resources Development and Protection Proclamation was ratified nearly a decade ago, outlines the extensive procedures that beekeepers and researchers are expected to follow. Effective this month, the directive prohibits commercial beekeepers from importing live bees, used hives, beekeeping equipment, and other related materials. The law states that any foreigner looking to conduct research on honey bees, apiculture, honey bee flora, and general apiculture must first obtain a permit from the Ethiopian Agricultural Authority. Requirements for these permits entail presenting proof that the applicant has not brought any honey bee species into the country with them, and consent to inspections from the authorities. The directive instructs that research on honey bee species can only be conducted in the ecological niche where the sub-species are native and that the researcher, upon completion of their work, must present their full findings to “concerned bodies.” The law prohibits the export of honey bees following the completion of research. It also features a number of new guidelines for species improvement and cross-breeding ventures. While permits for these types of projects can be obtained via authorized institutions or through private businesses and associations, the Authority has the mandate to register any improved crossbred species that may result from the venture. Individuals that have acquired an improved species through crossbreeding are obliged to provide full records of the new breed and get it approved by a committee, according to the directive. The law’s section on apiculture protection lists several requirements to be met by people residing in the surroundings of commercial beekeepers’ apiaries. It looks to limit the use of pesticides and other chemicals around apiaries, obliging individuals looking to do so to notify any beekeepers residing within a four-kilometer radius 72 hours prior to the application of chemicals.

Shipping Enterprise readies for massive fleet expansion plans

Executives of the state-owned Ethiopian Shipping and Logistics Services Enterprise (ESLSE) are moving ahead with plans to acquire six bulk cargo ships. Wondimu Daba, ESLSE deputy CEO for Corporate Services, told The Reporter that the company board is contemplating the terms of the acquisition. “We are fully prepared to get the six ships. The board is examining whether we should get them as a time charter, voyage charter or purchase them outright. We will then follow the standard bidding process,” said the Deputy. The sole operational multimodal shipping company in the country, ESLSE’s 2023/24 performance report indicates that it handled 45 percent share Ethiopia’s total 8.25 tons of dry cargo imported via ports in Djibouti. The Enterprise also reported that it handled the export of more than 13 tons of goods by sea. This week, Alemu Sime, minister of Transport and Logistics, told state media that ESLSE’s capacity is still lacking compared to the country’s international trade needs. “The country’s import-export demand is growing. But, the enterprise owns only 10 bulk cargo ships; too few to cover our logistical needs. Therefore, it resorts to retaining ships via lease or rental contracts,” said Alemu. The Enterprise’s performance report reveals it transported close to 834,000 tons of goods using ships acquired on lease and rental last year. Despite the state-owned firm registering a whopping 57 billion birr in revenues over the reporting period, heavy expenses, which stood at 48 billion birr, weighed down the achievement.

New VAT Proclamation No. 1341/2024 Set to Increase Chicken and Egg Prices, Warns Industry Expert

During a press conference leading up to the 13th Ethio Poultry Expo (ETHIOPEX), the 9th Africa Livestock Exhibition and Congress (ALEC), the 4th Apiculture and Aquaculture Ethiopia Trade Show, and the newly launched Bio-Energy Trade Show, Dr. Demeke Wondimagegn, Technical Sales Manager of Turow Nutrition, raised concerns about an imminent rise in chicken meat and egg prices. The events are scheduled to take place from October 31 to November 2, 2024, at the Millennium Hall in Addis Ababa, Ethiopia. Prana Events, in collaboration with Sudanese Expo Team for Service Co., Ltd., is organizing the exhibitions. Dr. Wondimagegn attributed the anticipated price hike to the new VAT Proclamation No. 1341/2024, which removes tax exemptions on key inputs for poultry production, such as feed and medication. He noted that these inputs were previously exempt from VAT, but with the new proclamation, the added cost burden will likely push prices higher for both poultry farmers and consumers. Poultry production in Ethiopia is already grappling with several hurdles. Feed costs, which constitute approximately 70% to 75% of the total production costs, have been steadily rising, making chicken farming less profitable. In addition to feed, other essential inputs like medication and equipment have also seen price surges due to inflation and logistical challenges. Dr. Wondimagegn emphasized that the VAT change will worsen these issues, potentially driving many small-scale farmers out of business and limiting the growth of the sector. Moreover, the Ethiopian poultry industry is still in its infancy, contributing only a small fraction to the nation’s agricultural output. While the government seeks to raise revenue through taxation, Dr. Wondimagegn questioned the timing and appropriateness of imposing taxes on such a vulnerable sector. He urged the government to reconsider the VAT changes, especially given the industry’s critical role in providing affordable protein to a growing population. The Ethio Poultry Expo and other upcoming events are expected to gather stakeholders from across Africa to discuss these and other pressing challenges faced by the livestock sector, including opportunities for investment and innovation in feed technology, disease control, and sustainable farming practices. The expo will also serve as a platform to showcase new technologies and products aimed at enhancing productivity in Ethiopia’s evolving poultry, livestock, apiculture, and aquaculture sectors. It take this as good news cuz it will help lower bad cholesterol on a lot of people. Save my name, email, and website in this browser for the next time I comment. Δdocument.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime())

New VAT Proclamation No. 1341/2024 Set to Increase Chicken and Egg Prices, Warns Industry Expert

During a press conference leading up to the 13th Ethio Poultry Expo (ETHIOPEX), the 9th Africa Livestock Exhibition and Congress (ALEC), the 4th Apiculture and Aquaculture Ethiopia Trade Show, and the newly launched Bio-Energy Trade Show, Dr. Demeke Wondimagegn, Technical Sales Manager of Turow Nutrition, raised concerns about an imminent rise in chicken meat and egg prices. The events are scheduled to take place from October 31 to November 2, 2024, at the Millennium Hall in Addis Ababa, Ethiopia. Prana Events, in collaboration with Sudanese Expo Team for Service Co., Ltd., is organizing the exhibitions. Dr. Wondimagegn attributed the anticipated price hike to the new VAT Proclamation No. 1341/2024, which removes tax exemptions on key inputs for poultry production, such as feed and medication. He noted that these inputs were previously exempt from VAT, but with the new proclamation, the added cost burden will likely push prices higher for both poultry farmers and consumers. Poultry production in Ethiopia is already grappling with several hurdles. Feed costs, which constitute approximately 70% to 75% of the total production costs, have been steadily rising, making chicken farming less profitable. In addition to feed, other essential inputs like medication and equipment have also seen price surges due to inflation and logistical challenges. Dr. Wondimagegn emphasized that the VAT change will worsen these issues, potentially driving many small-scale farmers out of business and limiting the growth of the sector. Moreover, the Ethiopian poultry industry is still in its infancy, contributing only a small fraction to the nation’s agricultural output. While the government seeks to raise revenue through taxation, Dr. Wondimagegn questioned the timing and appropriateness of imposing taxes on such a vulnerable sector. He urged the government to reconsider the VAT changes, especially given the industry’s critical role in providing affordable protein to a growing population. The Ethio Poultry Expo and other upcoming events are expected to gather stakeholders from across Africa to discuss these and other pressing challenges faced by the livestock sector, including opportunities for investment and innovation in feed technology, disease control, and sustainable farming practices. The expo will also serve as a platform to showcase new technologies and products aimed at enhancing productivity in Ethiopia’s evolving poultry, livestock, apiculture, and aquaculture sectors. It take this as good news cuz it will help lower bad cholesterol on a lot of people. Comments are closed.

Ethiopia’s Betting Ban: Physical Shops Shutter, but Digital Doors Open

Ethiopia’s ambitious crackdown on sports betting, which saw over 6,000 betting shops shut down across Addis Ababa and other cities, has been in effect for some time now. This effort has led many to abandon betting, easing some of the related social issues. While the physical outlets may have closed, the betting culture remains resilient, with many shifting to online platforms and underground operations. This ongoing challenge underscores the difficulty of regulating a deeply entrenched industry that is increasingly intertwined with the digital world. Despite the efforts to crack down on sports betting by shutting down physical betting shops, the industry remains vibrant, particularly in the digital sphere. The closure of physical betting shops has not deterred bettors; instead, it has driven the industry online. Websites like Betika, Best Bet, Hulu Sport Betting, Anbessabet, Ahadu Birr, Qwickbet ,Arada Bet,Flash Sport Bet, Ethiowin, Santim Bet, Axumbet  and many more have become popular destinations for those looking to place bets. These platforms offer a range of services, including live betting, virtual games, and jackpots, making them accessible and appealing to a wide audience. In addition to the thriving online betting scene that spans across all parts of the country, including Addis Ababa, betting shops have found creative ways to stay in the game. In Hawassa and Southern parts of the country, these shops continue to operate openly, while in cities like Adama,Gondar and many others have gone underground. This network witnesses the deep-rooted addiction to sports betting in Ethiopia, where those affected remain determined to place their bets despite the barriers. Behailu Engida, an employed resident of Addis Ababa, is a bettor. He is a football enthusiast who has been engaged in sports betting for several years. Before the closure of physical betting shops, Engida would often visit local betting houses in the Addisu Gebeya area. “Despite my resolve to abstain from betting, the moment I received a message inviting me to place bets using my phone, my resolve crumbled. My brain couldn’t resist the temptation, and I found myself succumbing to the habit once again. Even though I still don’t want to bet, I must admit that I am addicted,” he confessed. He explained that once you create an account on the betting website and link your bank or Telebirr account for deposits, the process of betting digitally is straightforward. Following the closure of physical betting shops, Engida, like many others, shifted to online platforms, where he now bets more frequently than before. Sites such as Betika, Hulu Sport Betting, and Axumbet have become his go-to destinations. The National Lottery Association views sports betting as both entertainment and a source of tax revenue. However, the NLA only permits sports-related betting and games that can be predicted, excluding those run by computer systems. Other forms of gambling, such as casino games (unless specifically allowed), card games, skill games, Keno, unlicensed betting shops, betting by individuals under 21, activities like khat chewing in shops, and operations near schools and religious institutions are prohibited or unlicensed. “As we do not have the mandate to ban betting, we are instead closing branches that fail to comply with regulations,” said Tewodros Neway, Public Relations Manager of the National Lottery Administration. He added that branches meeting the necessary requirements to open sports betting shops are allowed to continue operating. While The Ministry of Women and Social Affairs is a strong advocate for banning sports betting, citing its role in causing social crises, discouraging young people from working, and leading to psychological problems such as anxiety, depression, and even suicide. The Association of Sports Betting Organizations defends the operations of sports betting companies, arguing that they operate within the law and contribute significantly to the country’s tax revenue. Save my name, email, and website in this browser for the next time I comment. Δdocument.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime())

Ethiopia’s Betting Ban: Physical Shops Shutter, but Digital Doors Open

Ethiopia’s ambitious crackdown on sports betting, which saw over 6,000 betting shops shut down across Addis Ababa and other cities, has been in effect for some time now. This effort has led many to abandon betting, easing some of the related social issues. While the physical outlets may have closed, the betting culture remains resilient, with many shifting to online platforms and underground operations. This ongoing challenge underscores the difficulty of regulating a deeply entrenched industry that is increasingly intertwined with the digital world. Despite the efforts to crack down on sports betting by shutting down physical betting shops, the industry remains vibrant, particularly in the digital sphere. The closure of physical betting shops has not deterred bettors; instead, it has driven the industry online. Websites like Betika, Best Bet, Hulu Sport Betting, Anbessabet, Ahadu Birr, Qwickbet ,Arada Bet,Flash Sport Bet, Ethiowin, Santim Bet, Axumbet  and many more have become popular destinations for those looking to place bets. These platforms offer a range of services, including live betting, virtual games, and jackpots, making them accessible and appealing to a wide audience. In addition to the thriving online betting scene that spans across all parts of the country, including Addis Ababa, betting shops have found creative ways to stay in the game. In Hawassa and Southern parts of the country, these shops continue to operate openly, while in cities like Adama,Gondar and many others have gone underground. This network witnesses the deep-rooted addiction to sports betting in Ethiopia, where those affected remain determined to place their bets despite the barriers. Behailu Engida, an employed resident of Addis Ababa, is a bettor. He is a football enthusiast who has been engaged in sports betting for several years. Before the closure of physical betting shops, Engida would often visit local betting houses in the Addisu Gebeya area. “Despite my resolve to abstain from betting, the moment I received a message inviting me to place bets using my phone, my resolve crumbled. My brain couldn’t resist the temptation, and I found myself succumbing to the habit once again. Even though I still don’t want to bet, I must admit that I am addicted,” he confessed. He explained that once you create an account on the betting website and link your bank or Telebirr account for deposits, the process of betting digitally is straightforward. Following the closure of physical betting shops, Engida, like many others, shifted to online platforms, where he now bets more frequently than before. Sites such as Betika, Hulu Sport Betting, and Axumbet have become his go-to destinations. The National Lottery Association views sports betting as both entertainment and a source of tax revenue. However, the NLA only permits sports-related betting and games that can be predicted, excluding those run by computer systems. Other forms of gambling, such as casino games (unless specifically allowed), card games, skill games, Keno, unlicensed betting shops, betting by individuals under 21, activities like khat chewing in shops, and operations near schools and religious institutions are prohibited or unlicensed. “As we do not have the mandate to ban betting, we are instead closing branches that fail to comply with regulations,” said Tewodros Neway, Public Relations Manager of the National Lottery Administration. He added that branches meeting the necessary requirements to open sports betting shops are allowed to continue operating. While The Ministry of Women and Social Affairs is a strong advocate for banning sports betting, citing its role in causing social crises, discouraging young people from working, and leading to psychological problems such as anxiety, depression, and even suicide. The Association of Sports Betting Organizations defends the operations of sports betting companies, arguing that they operate within the law and contribute significantly to the country’s tax revenue.

New Salary Scale to Take Effect Nationwide Starting October, Says Finance Minister Ahmed Shide

Ahmed Shide, the Minister of Finance, has announced that October salary payments will commence using the newly revised pay scale. “The new salary structure, effective from October, has been approved by the cabinet. Over the past few weeks, the Ministry of Finance and the Civil Service Commission have completed the necessary preparations, including the implementation guidelines,” Shide stated. He further explained that the updated pay scale will be applied to the October payroll. “This revision will benefit lower-paid government employees, members of the security forces, and all government institutions at both regional and federal levels,” he noted. The minister also highlighted that the new pay scale will be implemented nationwide. “The regional states will start paying their employees using the new scale from October, with the federal government covering the regional share. Funds will be transferred to the regions through the Ministry of Finance,” he added. Save my name, email, and website in this browser for the next time I comment. Δdocument.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime())

Ethio Foreign Exchange Bureau Goes Operational: A New Era in Currency Trade

Unveiling Ethiopia’s First Independent Forex BureausThe National Bank of Ethiopia (NBE) has recently granted operational licenses to five new independent foreign exchange bureaus, marking a significant development in the country’s financial landscape. This milestone marks a crucial step in the country’s transition to a market-based exchange regime, following the recent floatation of the Ethiopian birr. The licensed bureaus, which include Dugda Fidelity Investment PLC, Ethio Independent Foreign Exchange Bureau, Global Independent Foreign Exchange Bureau, Robust Independent Foreign Exchange Bureau, and Yoga Forex Bureau, are now authorized to engage in the buying and selling of major convertible currencies. These new entities are restricted to spot transactions and are prohibited from engaging in trade-related activities such as letters of credit, but they can purchase up to $10,000 in foreign currency from individuals without customs declarations and sell up to $10,000 to travelers with valid documents. This development is expected to foster greater competition, transparency, and financial inclusion, aligning with the NBE’s broader efforts to modernize and expand Ethiopia’s financial sector. Independent forex bureaus are authorized to buy and sell major convertible currencies, such as the US dollar and euro. Their primary role is to facilitate spot transactions, meaning the exchange of currencies is settled immediately, unlike more complex transactions like letters of credit, which remain the purview of commercial banks. Efrem Tesfaye, CEO of Ethio Foreign Exchange Bureau, explained that they offer cash transactions in foreign currencies immediately, with a maximum limit of $10,000 per transaction. These services are available to travelers for various purposes, including education, medical treatment, and tourism. Clients are required to present the necessary documentation, such as a passport, visa, and airline ticket. The bureau’s headquarters is located near the hub of the parallel currency market, around the Ethiopian National Theatre and Ethiopia Hotel. Tesfaye highlighted that being the pioneer in this sector came with challenges, especially in coordinating multiple institutions, navigating bureaucracy, and ensuring the right conditions for operations. However, he noted that the path has now been paved for others interested in entering the industry. He further mentioned that this foreign exchange bureau was established with a shareholders’ contribution of ETB 180 million.He also emphasized the convenience and speed of their services, noting that, with the proper documentation, transactions can be completed in just a few minutes. “For individuals planning to travel abroad, whether for personal or business purposes, the bureau offers a straightforward process,” says Tesfaye. “Travelers can obtain up to $5,000 in foreign currency for personal trips, while business travelers are eligible for up to $10,000, provided they present the necessary travel documents.” According to him, hoping for an influx of forex buyers beyond their capacity to serve, they don’t even want to advertise their services through media or other platforms. He added that the current sluggish forex market is not what they expected, and he believes this is due to limited public awareness.The parallel market has long been a significant issue, but many believe the new forex bureaus will eventually beat them. The forex bureaus are expected to provide faster and more transparent transactions, potentially drawing customers away from the black market. With their official backing and regulated operations, these bureaus are seen as a viable alternative that could finally beat the parallel market rates. According to Tesfaye, competing with the parallel market is challenging because unofficial operators are not subject to taxes and other expenses faced by official forex bureaus. “It’s difficult for us to compete on margins, so they will likely continue operating,” he said, adding that government intervention is needed to curb the parallel market. “We offer the same services as the parallel market, but unlike banks, we don’t provide letters of credit (LC), which limits our alternative income sources.” Why not tell us the exact location of this companies so that we can benefit from this. It is because of awareness that we are not using this facility Thanks to God , This chance is very good for who whant to go out side,to export and import commoditys and so for that have licensed to buying and selling foreign currency’s like dollar and Ero but as to me its IMPAC on financial institutions regarding on they’d foreign currency to buy and selling that dollars and currency but know there is a chance that sellers and buyer to interact banks for LC Save my name, email, and website in this browser for the next time I comment. Δdocument.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime())

Ministry of Finance Greenlights Entry of Fuel Vehicles Stuck at Djibouti and Dire Dawa Ports

Addis Ababa, October 19, 2024 – The Federal Democratic Republic of Ethiopia’s Ministry of Finance, in collaboration with the Customs Commission, has issued a new directive regarding the import of fuel-powered vehicles stored at Djibouti and Dire Dawa Dry Port. The directive is aimed at resolving the issue of vehicles that have been restricted from entering Ethiopia, in accordance with the government’s earlier decision to ban vehicles operating on fuel classified under tariff number 87.03. Following a detailed assessment by a government committee, which included various agencies and the Customs Commission, the vehicles in question were categorized based on their purchase date and customs registration status. Notably, the government has decided that vehicles purchased before February 26, 2016, and duly registered through the Customs Commission, will be transported to Dredawa and held until further government decision. Meanwhile, vehicles in transit that meet similar criteria will be allowed entry after fulfilling customs formalities. The Ministry of Finance has clarified that vehicles classified under tariff number 87.03, stored at both Dredawa Dry Port and Djibouti Port, must have their detailed information thoroughly documented. These vehicles will be subject to customs taxes based on the exchange rate in effect on the day their customs declaration is processed. Only after these formalities and payments are completed will the vehicles be cleared for entry into the country. This move comes as a recommendation to address the growing backlog of vehicles stranded at these ports and to ensure compliance with the country’s fuel vehicle importation policies. The directive was communicated to key government offices, including the Prime Minister’s Office, the Ministry of Revenue, the Ministry of Transportation and Logistics, and the Ethiopian Sea Transport and Logistics Service Company. Minister Ahmed Shide, on behalf of the Ministry of Finance, affirmed the government’s commitment to resolving the matter swiftly and ensuring that all vehicles meet the necessary customs requirements. The new directive is expected to clear up the congestion at Djibouti and Dredawa Dry Port, where many vehicles have been waiting for months. It also highlights the government’s stance on regulating fuel-powered vehicles, as part of its broader efforts to promote cleaner and more sustainable transportation in the country. Owners of vehicles affected by the February 2024 cutoff date are encouraged to prepare for the necessary customs procedures, including the payment of taxes. The Customs Commission will oversee the process, ensuring that all vehicles comply with the regulations before entering Ethiopia. For further information, stakeholders are advised to contact the Ministry of Finance through official communication channels. Save my name, email, and website in this browser for the next time I comment. Δdocument.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime())