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State Owned Wholesale Enterprise To Open New Stores In April

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Ethiopia’s state owned wholesale enterprise, ALLE, disclosed it is set to open five additional stores in April.

ALLE’s General Manager and Advisor to the Ministry ofTrade, Nuredin Mohammed, explained the stores are planned to be opened in Dessie, Shashemene, Hawassa, Bahir Dar and Jimma towns.

In addition to these five stores, in August three more will be opened in Mekelle, Adama and Dire Dawa towns, Nuredin noted.

Currently there are three stores run by ALLE in Addis Ababa. Once the other eight join the market, Nuredin said, ALLE will have 11 stores across the nation.

According to him, in the first seven months of the current fiscal year ALLE supplied 92 million Birr worth food and fast moving consumer goods (FMCG) to retailers. Nonetheless, the plan was to supply FMCGs that are worth 118 million Birr.

During the seven months the enterprise registered 3,115 customers, which is higher than it planned. ALLE planned to register 2,000 customers during the period. These customers are hotels, restaurants, supermarkets and customers’ associations.

It was in May 27, 2014 ALLE was officially inaugurated with a paid up capital of 250 million Birr and an initial capital of one billion Birr.