Addis Rakes in Revenue from Illegal Traders




The Addis Abeba City Trade Bureau collected 53.4 million Br from illegal traders in the first three quarters of the fiscal year. Over the same period, the Bureau has fined 200 traders found engaged in illegal trading activities 50,000 Br each, making total fines collected from such traders 10 million Br. The traders were found engaging in transactions without issuing receipts, according to the Bureau’s report.

During the reporting period, the Bureau seized 184.2qt of coffee, 1,342qt of sugar and close to 18,000lt of oil from contraband traders.

The Bureau’s audit of close to 450 cooperatives identified a total deficit of 2.9 million Br.

It also built 73 retail outlets, achieving just 29pc of its target, and created 3,341 jobs, which is only 47.8pc of the plan.

The Ethiopian government passed the Trade Competition & Consumer Protection Proclamation (TPP) in 2003. Its general objectives included preventing abuse of monopoly in the market and protecting consumers from anti-competitiveness, unfair trade practices and unethical service provision.



Published on May 04,2016 [ Vol 17 ,No 835]


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