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Oromia Region, Sinqe Bank Ink Deal to Control Cement Price Hikes

Jun 4 , 2022

The Oromia Regional government has inked a deal with companies in the region in an effort to bring down the ever escalating price of cement. The agreement was signed with organisations such as Sinqe Bank and cement factories operating in the Oromia region with the hopes of bringing down the price of cement. The upward spiralling cost of cement has often been blamed on shortages but also on intermediaries that pass on “unjustifiable” markups to end-users. The Oromia regional government, together with Sinqe Bank, has organised more than a thousand unemployed youths in more than 300 unemployed associations to put them into the cement business, and further formalise the industry.

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BRIDG-EATERIA

They say, "Where there is traffic, there is business." It reflects the colour of Addis Abeba roads and roundabouts. Around Bole, commonly known as the Ring Road, vendors serve tea and snacks underneath a bridge. Owing to these selling methods allow pedestrians and drivers to get the service they need while walking and driving. Despite that, such practice has become a frequent encounter in the heart of the city streets. The most common purpose of a ring road is to reduce traffic volumes in the ur...

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WALKWAY DISPLAY

Pedestrian walkways around Addis Abeba are growing smaller by the day, competing to gain a foothold in the public spaces. The city, which prides itself as Africa's political and diplomatic capital, becomes a showcase of contrast. Beauty and affluence wrestle destitution and poverty to claim space. Vendors have displayed their second-hand outfits, shoes and luggage for sale on a roundabout in front of the Ministry of Education, up at the Arat Kilo area...

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TRAILER HOMES

Retired city buses were once converted to bakery outlets retailing bread supplied by ‘Sheger Bakery' during their twilight zone. The city administration had used Anbessa City buses as its retail shops before formal outlets replaced them. Sheger Bakery, touted as the largest bakery and flour factory with the potential of baking two million loaves of bread daily, was to cater for millions of people in Addis Abeba with a subsidized bread supply but failed to live up to expectations. The old city...

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