Companies allowed to import commodities with franco valuta licence

Addis Ababa, April 15, 2021 (FBC) – The Minister of Trade and Industry, Melaku Alebel today stated via twitter that the government decided to allow companies to use their own forex to import selected commodities.

The Trade and Industry Minister said companies are privileged to import basic necessities including sugar, edible oil, wheat, rice, cereal flour, and milk using the franco valuta license.

According to Alebel, the decision has been made in line with addressing cost of living burdens in the country.

The companies need to have 250,000 US Dollars authenticated by National Bank of Ethiopia.