Addis Ababa Allocates 500 Mln Birr as Food Prices and Housing Rents Come Under Scrutiny
The Addis Ababa City Administration has allocated 500 million birr to support consumer cooperatives and expand direct sales channels. These measures aim to combat rising living costs and address unjustified price hikes for essential goods and housing.
Why it matters
This intervention highlights the economic challenges faced by urban populations in Ethiopia and the government's attempt to regulate market volatility through state-backed distribution.
City administration plans tighter market enforcement, expanded consumer cooperatives and direct sales channels to address rising living costs.
The Addis Ababa City Administration has allocated an additional 500 million birr in revolving funds to consumer cooperatives as part of a broader effort to contain rising prices of essential goods and housing rents, with authorities preparing tighter market inspections and expanded distribution channels.
The funding commitment was announced following discussions between city officials and stakeholders over what the administration described as unjustified price increases affecting meat, cooking oil, bread, bottled water and residential rents.
The measures combine additional financing for consumer cooperatives, efforts to increase the supply of essential goods and stronger enforcement against businesses found violating market regulations.
The administration said the additional 500 million birr revolving fund would support consumer cooperatives in improving the availability and quality of products sold to households.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in