A half-year cabinet performance review meeting revealed that Ethiopia’s long-lived protectionism over the wholesale and retail market is coming to an end, pending the approval of a roadmap under preparation by the Ethiopian Investment Commission (EIC) and Ethiopian Investment Board.
Liberalization of the retail market is a core macroeconomic objective in the second Homegrown Economic Reform Agenda (HGER 2.0), which looks to alter the existing retail market structure through private sector involvement.
The government is working towards “opening up the wholesale and retail sector as outlined in HGER 2.0,” said Fistum Assefa (PhD), minister for Planning and Development, during an overview of macroeconomic trends before the Council of Ministers earlier this week.
“We are working to gradually open these businesses to competition,” Fitsum said.
Six months into the implementation of HGER 2.0, which is slated to last for the coming two and a half years, the preparation of the roadmap is the most pronounced step on the path to retail and wholesale market liberalization thus far.
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