The economic impacts of the COVID-19 pandemic in Ethiopia – in regards to the airline industry and allied businesses – could cost the country some USD 1.2 billion in GDP and affect more than 323,000 jobs, a global airline body disclosed.
The eagerly awaited “Cup of Excellence”, a coffee quality competition, which was scheduled to be held in Ethiopia for the first time, has been canceled and shifted to the US due to the COVID-19 pandemic, The Reporter has learnt.
One of the thriving indigenous oil distribution companies, Gomeju Oil Ethiopia, is to join the aviation fuel market by building a jet fuel depot at the Addis Ababa Bole International Airport at a cost of 200 million birr.
The Ministry of Trade and Industry said some 7,000 businesses have been shut-down. The businesses were found to be hoarding goods, mostly hygienic and sanitary products, and inflating prices on the back of the coronavirus outbreak.