Economic Association Proposes Market Stabilisation Board

Apr 30 , 2022

The Ethiopian Economic Association (EEA) has proposed the formation of a 'supply and price stabilisation board' to rein in galloping inflation. A study it conducted reveals that supply shortages, unstable economic governance, increased import trade tariffs, political instability, and armed conflict have been the main contributors to the skyrocketing cost of living. Headline inflation in March registered at 34.7pc, the eighth consecutive months above the 30pc mark, according to the Ethiopian Statistics Service. Food inflation clocked in at a staggering 43.4pc, the highest recorded in over a decade. The Russian invasion of Ukraine is expected to exacerbate the economic downturn brought on by the effects of the COVID-19 pandemic and the armed conflict in the country's north as prices for fertiliser, cooking oil and fuel rise. The study indicates that declining productivity and inconsiderate bank interest rates on deposits are part of the equation as well. The Association is urging federal officials to consider allowing the import of pharmaceuticals, as well as selected construction, agricultural and industrial inputs, through Franco Valuta in addition to the basic food items the Ministry of Finance approved for the import scheme recently.


Mobile Apps Streamline Container Handling

A Chinese private logistics company availed its multilingual mobile applications designed to streamline container handling processes for local businesses. Dubbed, the apps are available in Amharic, Oromo, Somali, and Tigrigna, with a competitive monthly fee. Company managements aim to tackle inefficiencies by scanning truck license plates, container IDs, and other details, reducing manual data entry and the potential for errors. Users can also record gate movements with times...


Private Investment Takes Flight in Aviation Industry

Local private operators received the green light last week to expand their services beyond charter flights, offering regular passenger and cargo options. This move by the Ethiopian Civil Aviation Authority is expected to boost the air transport sector, attracting private companies to invest in air travel services. The Authority is partnering with private investors to improve air transport infrastructure by building over 21 new airstrips and helipads in previously underserved areas. Officials...


Safaricom Ramps Up Network Expansion with Locally Made Poles

Safaricom Ethiopia has initiated a three-month procurement process to acquire a total of 68 poles from Woda Metal, the first telecom pole manufacturer in the country. The initial batch of 13 poles was delivered last week, marking a milestone as the first use of domestically produced poles in Ethiopia's telecom sector. Wim Vanhellputte, CEO of Safaricom Ethiopia, praised the high quality and affordability of Woda Metal's poles, which will be crucial for their network expansion goals. The co...