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.
Destined to be held in Washington DC, Ethio-US 2020 trade fair is set to facilitate business opportunities for 200 local companies in a bid to revitalize the African Growth Opportunity Act (AGOA) which is drawing to its deadline in five years.
A persistent issue in many parts of Ethiopia, the Ethiopian Customs Commission is partnering with Spotlight Communication and Marketing to look at the impact and end contraband to end illegal trade within the eastern part of Ethiopia where the issue has had more impact.
The government of Ethiopia has decided to allow foreign companies to import basic food items including wheat, edible oil and sugar to ease the burden of souring inflation rate.
The African Union, along with various partners, is scheduled to hold the African Industrialization Week (AIW) in Addis Ababa from November 18-22, 2019.