Sheger Bread Resumes Operation, Prices Jump

Mar 12 , 2022

Following more than two months of dormancy, the Sheger Bread & Flour Factory has resumed production at its plant in the Akaki-Qality District. However, prices for its subsidised product have jumped by more than 70pc compared to earlier this year. A loaf of bread now goes for 2.10 Br after the Addis Abeba City Administration subsidises 1.14 Br. The administration was forced to avail 812 million Br for the procurement of inputs and maintenance works to restart production at the factory. It had stopped operation two months ago due to a major shortage of its major input, wheat. A joint undertaking between the administration and MIDROC Investment Group, the factory was hailed for its planned production of two million loaves a day when it was inaugurated nearly two years ago. MIDROC reported losses of 140 million Br last year from factory operations.