Addis Ababa Administration announces measures to curb rising living costs

The Addis Ababa City Administration has allocated an additional 500 million birr in revolving funds to consumer cooperatives to combat rising prices for essential goods and housing. The administration plans to strengthen market enforcement, increase the supply of goods through expanded Sunday markets, and establish new direct-sale centers at city entry points to bypass intermediaries. Officials stated they will monitor prices for items such as meat, cooking oil, and bread, and will take action against businesses violating regulations. Residents are encouraged to report price gouging with evidence. Regarding housing, the city emphasized that landlord-tenant relationships must comply with existing contracts and laws, though no new rent caps were introduced. The administration has yet to provide a specific implementation timeline for the funding distribution or the establishment of new market centers.