At least 71 businesses have been affected after they were ordered to close.

They were found to be hiking the prices of basic commodities.

This comes as the central bank floated the national currency in an attempt to secure a new International Monetary Fund lending programme and to put debt restructuring back on track.

Two Ethiopian local governments say the businesses were caught making unreasonable price increases mostly on food items.

Thami Ngubeni spoke to Mered Fikireyohannes, Founder & Chief Executive Officer at Pragma Investment Advisory.