Trade Ministry Shuts Businesses Down

April 25 , 2020


The Ministry of Trade & Industry has taken action against 25,068 businesses that have been allegedly selling goods and services at inflated prices during the Novel Coronavirus (COVID-19) pandemic. With the action, the Ministry closed 13,350 businesses and suspended and revoked the licenses of 404 and 890 business, respectively. The Ministry has also issued warnings to 10,000 businesses and has arrested 424 individuals. The Ministry is also working on availing different sanitary products like ethanol, sanitiser and soap and increasing the manufacturing capacity of the 43 soap and detergent factories in the country. To support the manufacturing sector, the Ministry is facilitating the provision of forex to select industries and is currently working to provide 100 million dollars to firms producing soap and detergent. The Ministry has been supplying 650,000ql of wheat, 615,000ql of sugar, 40 million litres of oil, and 399 million litres of fuel a month to combat shortages in the country.


Radar

UNDP Nods $2m for National Dialogue

United Nation Development Program (UNDP) has signed an agreement with the Ministry of Finance and National Dialogue Commission, allocating 2.2 million dollars for the upcoming national discussion. Managed by an independent trust fund, and in addition to the annual budget allocated by the Ethiopian government, UNDP is looking to set up a financial buffer scheduling to raise 32.8 million dollars in support funds from development partners over the next three years. The Dialogue Commission was est...


Radar

Street Snack

The rainy season is going to be missed for at least one reason: boiled corn on the cob. As the customer captured here, it has been an enjoyable street food for the city's residents to keep them warm. More importantly, it was a livelihood for many street vendors. ...


Radar

Stair Shop

A shop and a shoeshine stall have been set up under the stairs of an overhead bridge. In the most crowded parts of Addis Abeba, there is always some type of vendor selling everyday goods, serving the lower-income population...