Afinitas keeps tabs on strife in Ethiopia
Friday, October 14, 2016
This follows recent media reports on Ethiopia, which had highlighted public unrest in parts of the country.
“We wish to assure shareholders that the Directors of Afinitas Limited are continuously monitoring these events. The Board still remains committed to investing in Ethiopia and believes that the long term fundamentals of the country remain strong,” the company said.
The Francistown Umbrella Informal Sector chairperson, David Mbulawa, has highlighted this growing concern, revealing that many local traders are using their licences to facilitate the entry of foreign goods into the market at a fee.Fronting undermines the very fabric of our local economy. It allows foreign traders to exploit the system designed to benefit Batswana, using local licences to cross borders and sell goods at prices intended for local...