Ethiopian authorities have withdrawn a proposed tax hike for small businesses, the Addis Standard news portal has reported. The portal also reported some skirmishes in a city located about 120km west of the capital Addis Ababa. Aside the closure of shops in Addis Ababa, people were also said to have weighed options of returning their business licenses or filing complaints with the tax authorities. Ethiopia’s biggest problems in the recent past has been of political nature with spreading anti-government protests in Amhara and Oromia regions. On the economic front, Addis Ababa has been lauded by major finance institutions including the World Bank and the International Monetary Fund (IMF).

Source: Ethiopian News July 24, 2017 00:56 UTC