INFLATION FURNACE


INFLATION FURNACE

Around Qera, a man cracks up a tiny bonfire in a spirited attempt to render the metallic wires malleable for reuse. Metal scraps became prized inputs after the Ministry of Mines ordered local steel manufacturers to source inputs from domestic markets as they bemoaned forex shortages. While the price of imported steel has relatively stabilised over the past year due to contraband flooding the market, most construction projects are in limbo due to an orientation towards tight monetary policy. Local steel manufacturers who require significant inputs for their production are working at a quarter of their capacity amid the cocktail of challenges.

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In-Picture

TIMELESS COMEBACK

Unilever Ethiopia, a subsidiary of the British household name Unilever, unveiled a new line of Vaseline skincare products on Thursday, June 26, at the Sheraton Hotel. The launch featured several new scented lotions and petroleum jelly products. Unilever Ethiopia CEO Nesibu Temesgen and UK Ambassador to Ethiopia Darren Welch attended the event...


In-Picture

SKY LOOP

As a part of the enormous makeover of the country, a curvacious metal object pops out around Ghion Hotel, Stadium area announcing its presence among the electric poles in the area. Huge structures like these exist around the world serving different purposes and as a country planned for smart cities, the newly upgrades hint the essence of the plan...


In-Picture

DRIED WEALTH

No matter the inflation or currency swings, food stays a top priority after shelter—though both come at a high cost. Ehel Berenda in Atobis Tera, the backbone of the grain supply, waits for customers making their once-in-a-few-months bulk purchase, unless big events call for food to serve hundreds or thousands. Dried foods like grains and pulses are essential here: mainly because they can be stored well for months, and ensure families have security when times get tough...