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This is a list of government-owned companies of Ethiopia. A Government-owned corporation is a legal entity that undertakes commercial activities on behalf of an owner government . There is no standard definition of a government-owned corporation (GOC) or state-owned enterprise (SOE), although the two terms can be used interchangeably.
Its envisaged to observe public service and complete its mission ethically by 2020, as well as contributing economic development and social welfare by promoting modern Tax and Customs Administration. In 2022/23 fiscal year, the ministry sought to secure 450 billion birr in tax revenue. [2] The current minister is Lake Ayalew from 2021. [3]
In 1976, agricultural and rural land taxes were replaced by a land-use fee and a new agriculture tax. [1] Ethiopia underwent major tax reform in the 1990s. As a result, the tax system was overhauled alongside much of the public finance system. [2] The Ethiopian reforms were considered some of the most successful on the continent.
The powers and duties of the MoA include: conservation and use of forest and wildlife resources, food security, water use and small-scale irrigation, monitoring events affecting agricultural development and early warning system, promoting agricultural development, and establishing and providing agriculture and rural technology training. [3]
The Regional Council, which is the highest administrative body of the state, is made up of 294 members. They are charged with electing a President amongst themselves and confirming appointments such as Supreme Court Judges. They are allowed to levy taxes on agriculture and collect royalties for deforestation. [5]
Ethiopia's economy is ranked 159th place out of 190 countries in 'Ease of doing business'. [35] Ethiopia is also a part of African Continental Free Trade Area, Common Market for Eastern and Southern Africa, Intergovernmental Authority on Development, and the G24, and has observer status at the World Trade Organization.
Agriculture in Ethiopia is the foundation of the country's economy, accounting for half of gross domestic product (GDP), 83.9% of exports, and 80% of total employment. Ethiopia's agriculture is plagued by periodic drought, soil degradation [1] caused by overgrazing, deforestation, high levels of taxation and poor infrastructure (making it ...
Oumer Hussien Oba (Oromo: Umer Husseen Obbaa; born 15 September 1972) is an Ethiopian politician who is the current Minister of Agriculture since 23 October 2018. [ 1 ] [ 2 ] He is a member of the Oromia regional parliament and a member of the ruling Prosperity Party .