Ethiopia Police Arrests Over 30 Over Price Hike
March 9, 2008
Ethiopian police have arrested over 30 traders for allegedly making a 600 percent increase on the price of salt on the market. The wholesale traders were arrested at the weekend while attempting to stock the commodity so as to make it scarce on the market.
One kilogram of salt was on sale in Addis Ababa for 10 Birr (one USD) up from 1 Birr and 25 cents over night.
Ethiopian Federal Police accused the arrested people of trying to make salt scarce in the country, which has a huge salt resource.
Ethiopian Ministry of Trade and Industry said it will act in collaboration with the police against the “illegal” traders.
It is the first time that government has taken such a tough stance against traders who make high profits on basic food commodities.
Source African Press Agency
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[...] Next VDO wrote an interesting post today onHere’s a quick excerpt Ethiopian police have arrested over 30 traders for allegedly making a 600 percent increase on the price of salt on the market. The wholesale traders were arrested at the weekend while attempting to stock the commodity so as to make it scarce on the market. One kilogram of salt was on sale in Addis Ababa for 10 Birr (one USD) up from 1 Birr and 25 cents over night. Ethiopian Federal Police accused the arrested people of trying to make salt scarce in the country, which has a huge salt resource. [...]