The Ethiopian Trade Enterprise (ETE) is to open its first three cash-and-carry stores in Addis Abeba in the first quarter of 2014, Fortune reported.
The stores which will be named Alle Bejimla, Amharic for “wholesale is available”, will initially commence operations by supplying goods to businesses like kiosks, cafes and hotels, according to Fortune.
The Ethiopian Trade Enterprise is to open three wholesale stores in Addis Ababa, Fortune reported. The stores will be constructed in Nifas Silk Lafto and Akaki Kality sub-cities and the third store will be located on a property belonging to the Merchandise Wholesale & Import Trade Enterprise in Addis Ketema sub-city.
Thirty two of the forty five International companies expected to participate in the Ethiopian Chamber of Commerce and
Sectoral Association (ECCSA) trade fair are Egyptian according to Gashaw Debebe, Secretary General of ECCSA.
Companies from across the globe had been invited to take part in the trade fair through Ethiopian embassies and national chambers Gashaw said.
The significant representation of Egyptian companies suggests that the Business Council of Egypt was effective in promoting the opportunities available in Ethiopia to the Egyptian business community he noted.
Ethiopian Trade Minister Abdurahman Sheikh Mohammed and Minister of State for Trade Ahmed Tussa were removed from their posts last week. The two ministers have been replaced just over a year after their appointment.
The ministers were relieved of their duties primarily due to increasing public discontent following the introduction and subsequent elimination of price caps early this year according to sources. The slow pace of the ministry in effecting the Growth and Transformation Plan was also cited as another reason for their replacement.The Ethiopian Transport Authority expects to commence automated vehicle testing as soon as next month it was reported. The authority is close to set standards for vehicle testing in Ethiopia.
The standards are being modeled on those established by other countries such as Indonesia and Kenya and customized to fit the realities in Ethiopia according to officials at the authority.
