The £35 million programme will transform Ethiopia’s tax system, helping it to harness the potential of its booming economic growth, according to a statement the British Embassy in Addis Ababa sent to FBC today.
The new partnership will also help the country generate revenue so that it can better finance its own services and development. The scheme will be announced today.
Ethiopia is rapidly industrialising, and with this new partnership the UK will support the country to meet its ambitions to develop its economy.
Extra tax revenues will help the country tackle poverty, invest in its own services, boost economic growth and move beyond aid.
During her visit to Ethiopia, she visited UK garment factory Hela at Hawassa Industrial Park to see how the country’s industrialisation is opening up opportunities for UK business, trade and investment.
She marked the launch of the previously announced £80 million Jobs Compact which is creating over 100,000 jobs for some of the most vulnerable Ethiopians, including refugees.
Ethiopia is currently host to over 900,000 refugees from across the region. By empowering refugees to get jobs, the UK is helping them to rebuild their lives so that they do not seek dangerous migratory journeys outside the region. This is ensuring Ethiopia remains a force for stability in a volatile region.
She also announced a £3.1m new support to improve the welfare and security of employees at the Industrial Park, the statement noted.
Ms Mordaunt said “Ethiopia’s security, development and prosperity matter for the UK – which is why we’re working with the country to help it generate more tax from its rapid growth. This will help Ethiopia fund its own development – and ultimately transition beyond aid.”