19. Car Decoration and Accessories
Recent amendments to the existing regulations in Ethiopia concerning car parts and accessories have opened up a booming business opportunity.
Belay Getachew, owner of Palace Decor located in Addis Ababa’s Gullele area started his business with only 80,000 ETB or 2,963 USD and has now grown it to over 500,000 ETB or 18,519 USD.
Car decoration businesses offer many services such as installing mud flaps, tinting windows, bumper guards, gas tank covers, body polish, car alarms, etc.
They import their materials from Dubai and/or China on a credit system since the prices are too high for some to afford.
Taxes paid are also high, since they are considered luxury items but the cost is transferred to the customer, who apparently does not mind, as the business is thriving.
Most of the customers are young individuals who own the popular Toyota Vitz/Yaris/Corolla.
This is a great business for small and medium traders interested in importing and selling the products themselves.