The Federal Ethnic and Anti-Corruption Commission on Monday said that the corruption and malpractices in the private sector is worsening.
The Ethiopian News Agency, state media, said that the commission engaged with actors in the private sector with the aim to identify bad service delivery practices.
Lack of transparency in the political, social, and economic activities coupled with institutional malpractices have contributed to the worsening of corruption in the sector, according to a research paper presented during the discussion.
A coordinated institutional approach to identify market sabotages and resolve them is recommended as a key action to address the problem – based on a report by ENA.
Samuel Urkato, the Commissioner, is cited as saying that the discussion was intended to help understand the depth and complexity of the problem, reach a common understanding, and prepare a plan to overcome the challenge.
He said the commission will act on carefully identifying the criminals and hold them legally responsible.
“It is an action that should be applied without wasting time against those actors in the sector who are violating laws,” The Commissioner added.
Skyrocketing prices and price inflation have reached a point that is unbearable to the majority of Ethiopians.
The ruling Prosperity Party discussed the devastating cost of living in the country during its first-party congress about a week ago, and has vowed to tackle it.
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