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Devaluation Shockwaves

Effects of the 15 percent devaluation measure, which was announced last week on Tuesday, are slowly dripping into market. Upon the announcement, economists and commentators opined that implementing the measure at this particular time could have some dire impacts on the normal functions of the market.

Three shortlisted for cement supply

Three local companies have made it to the next stage in the bid to supply a billion birr worth of cement for public housing projects, according to the Addis Ababa Public Procurement and Property Disposal Agency.