Customs Chief Accuses Critics of Bias, Vows to Address Steel Imports

May 4 , 2024


  Steel manufacturers' struggles and the impact of duty-free imports on domestic production have caught the attention of parliamentarians. During the Customs Commission's presentation of its nine-month performance, an MP directed a question to Commissioner Debele Kabeta, seeking clarification on the measures being taken by his institution to mitigate the influx of imports that are negatively affecting local manufacturers. While the source remains elusive, over 56 million Br worth of contraband steel was confiscated by the Commission. Debele acknowledged the issues faced by domestic producers. He said they have conducted a thorough review of the situation along with manufacturers. However, he cautioned that there may be "vested interests" presenting a one-sided narrative. According to a study commissioned by the Association of Ethiopian Basic Metals & Engineering Industries, the steel industry is on the verge of collapse due to policies heavily favouring importers. A study done by Ruhe Long & Flat Products Consultancy Plc found that manufacturers are crippled by a lack of raw materials, limited to a fraction of their 1.5 million tons monthly needs, while importers enjoy duty-free privileges. Customer service concerns at the Airport Branch were also addressed by parliamentarians. Debele raised concerns about unsubstantiated claims potentially being spread by those with "vested interests" aiming to undermine trust in the institution. "When scratching the surface," said Debele, "such claims may reveal ties to contraband activities."


Radar

E-Consultation Portal Launched to Boost Stakeholder Engagement

An e-consultation manual and portal designed to enhance stakeholder engagement in the drafting of laws before their final ratification stage was launched last week. Developed by the Business Environment & Investment Climate (BEIC) project team, the platform operates under the oversight of the Justice and Technology ministries. It aims to improve transparency, efficiency, awareness, and effectiveness throughout the law formulation and enactment process. According to Belayhun Yirga, stat...


Radar

Trade Ministry Changes Guard

Prime Minister Abiy Ahmed (PhD) made a series of appointments last week, assigning Kassahun Goffe (PhD) as the new Minister of Trade & Regional Integration. Kassahun, who previously served as the State Minister, succeeds Gebremeskel Chala, who navigated the country through various trade reforms. The appointment comes amidst an export slump, as Ethiopia has faced major economic and political headwinds over the past few years. The Ministry reported a shortfall of 863 million dollars from it...


Radar

Ahadu Bank Savours First Taste of Profits

Ahadu Bank registered a 175 million Br gross profits in the ended year, turning around its financial performance. The two-year-old Bank established with 503 million Br in paid-up capital mobilised from 9,600 shareholders has also managed to double the figure to 1.03 billion Br. Ahadu's total assets have also nearly doubled to 6.3 billion Br, while its operating income soared to 1.15 billion Br from financial services for nearly 700,000 customers. It also expanded its branch reach across the c...


Back
WhatsApp
Telegram
Email