Free trade pact to cost Ethiopia 26 bln birr in revenue losses

 Ethiopia could lose up to 26 billion birr annually by putting into operation the African Continental Free Trade Area (AfCFTA), according to a document from the Ministry of Trade and Regional Integration. This includes Sur tax, withholding, excise, and VAT tax revenues generated from imports from African countries, which will be tariff free under the AfCFTA.

Read more here. 

Sudan-Ethiopia border dispute deepens internal chaos for both

 Read more here.

Chinese Foreign Minister Visits Ethiopia in Support of Abiy

 China’s Foreign Minister Wang Yi is visiting Ethiopia this week in a show of his nation’s support for Prime Minister Abiy Ahmed’s government amid a yearlong civil war with rebels from the northern Tigray region.

Read more here.