New bill targets chaos in Ethiopia's spice trade

Ethiopia's spice sector, long plagued by informality and a lack of regulatory oversight, is entering a turning point with a new bill. The legislation aims to address the chaos in the trade after years of unregulated practices.

Ethiopia's spice trade has long been characterized by informality and a lack of regulatory oversight. A new bill seeks to bring order to this chaotic sector, marking a turning point after years of unregulated activity. Published on January 31, 2026, by Fortune staff writer Yitbarek Getachew, the legislation aims to introduce much-needed structure. The spice industry, vital to the economy, has operated without sufficient controls for decades, leading to inefficiencies and challenges. This reform could stabilize the sector and enhance its contribution to national growth, though details on the bill's provisions remain forthcoming in available reports.

Makala yanayohusiana

Federal trade authorities claim over 90,000 tons of sesame seeds and other export-ready oilseeds are sitting idle in warehouses. Officials from the Ministry of Trade and Regional Integration, supported by federal police, are conducting inspections to push these commodities to global markets. This marks a tough challenge for Ethiopia's once-thriving pulses and oilseeds export sector, a key source of foreign currency.

Imeripotiwa na AI

Cardamom prices in Addis Abeba have more than doubled in a week, reaching nearly 2,900 Br per kilogram. This surge, linked to illicit trade and policy uncertainties, has stunned shopkeepers and shoppers. Shelled cardamom now sells for up to 4,500 Br per kilogram.

African nations like Kenya and Ghana have enacted new laws to regulate virtual asset service providers, addressing rising financial crime risks in the digital economy. These frameworks aim to balance innovation with safeguards against money laundering and fraud. The moves come as global cryptocurrency thefts exceed $2 billion annually.

Imeripotiwa na AI

In Ethiopia's business sector, Ethiopia Inc is leading consolidation efforts, while liberalisation processes stay under strict control. This development is covered in a report by Addis Fortune, the country's premier English business weekly.

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