Ethiopian Prime Minister pledges to fight economic sabotage – New Business Ethiopia



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Reform Prime Minister of Ethiopia, Dr. Abiy Ahmed, promises to fight economic sabotage after coming to power.

Speaking to MPs on Friday afternoon, the Prime Minister said yesterday that he saw more than 1.5 million tons of goods on the port of Djibouti, waiting for carriers to reach the Ethiopian market. Meanwhile, because these Ethiopian transport companies have demanded more payment for their services, highly needed goods such as medicines and food products may perish in the port.

"Trucks waste wealth; on the other hand, these elements, which should solve many problems in Ethiopia, are stuck there on the port. If these transport companies take longer to negotiate just thinking about what they earn from that specific service, the damage may not be so important at the individual level, but it's a huge loss at the country level. Because the longer the goods stay on the port, the more the country receives hard currency for shipping, "he says.

" We need to delve deeper into these issues, which have a cumulative negative effect on the country. , and correct accordingly. It is a free market; people can decide on their transport price. But if existing transport badociations have failed to carry out their business as the government and the public demand, it is possible that the government will fill the market gap by allowing an investor with a good ability to import duty-free 1000-2000 rights But before taking this step, the existing trucks, half of which are borrowed by bank loans, resources of the country, those engaged in this business must understand that what they do is damaging to the countries and should act responsibly. The Ministry of Commerce and Transport should also monitor and take the necessary measures against such practices, "he said.

" In addition to that, those who handle products like cooking oil , steel, wheat in their stores and The decline in the value of dollars against Birr on the black market in recent days, Prime Minister Abiy also advised these people with a lot of hard currency in their hands and engaged the black market to free their money in the market.

Currently, the value of one US dollar in the official bank market is close to 28 Birr. Meanwhile, in the market, a dollar was sold up to 35 Birr a week ago and it is now around 34 Birr.

In addition, he noted that there are hundreds of private banks in which huge amount of money in order to avoid taxation and hide the real source of income. He said people have been seen carrying $ 50 million from their homes to buy houses in Addis Ababa. Premier Abiy also advised these people to release their money in the official banking system.

At one of his public rallies in Tigray, the prime minister said that about 10% of the ruling party were against his reform and were trying to sabotage. . He said at the meeting that the reform would continue to get them to embark or clean up the coalition of those working against the reform.

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