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Top Ethiopian supermarket to shut down over bottlenecks, forex squeeze | Africanews - 9 months ago, 16 Apr 18:15

By: Abdur Rahman Alfa ...

An Ethiopian supermarket reputed for serving expatriate and diplomatic community in the capital Addis Ababa is closing down its operations after close to seven decades. Ethiopia’s The Reporter newspaper quotes owner of Bambi’s supermarket as saying foreign exchange squeeze coupled with administrative bottlenecks were to blame for his decision. According to Charalambos Tsimas, a greek national who owns the supermarket, he has been waiting since March last year to get access to foreign currency for the importation of food stuffs which he provides mostly to his customers. Ethiopia was not like this before. Ethiopia has been a queen of Africa but that doesn’t seem to be the case anymore. “We serve diplomatic communities and I can’t say I don’t have rice or table salt. It’s humiliating,” he is quoted to have said. He further bemoaned what he said was unnecessarily high testing fees for some of his imports. “Ethiopia was ...
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