Our subscribers to the print edition are entitled to get a bonus in a form of early access to our digital edition for just 3,500 ETB.



LOST IN TRANSMISSION


With connections collapsing at peak hours and “unlimited” packages proving anything but, digital workers struggle to convince global clients they can deliver. Software developers are painfully familiar with the patchy internet. Some days, the con...

Aug 17 , 2025


Fortune News

Ministry Casts Reform Net, Fishermen Face a Tide of Uncertainty

The federal government, led by the Ministry of Agriculture, is finalising a sweeping licensing regime that will introduce formal regulation to a predominantly subsistence-based fishing sector. The...

Aug 17 , 2025

Money Market Watch

Policy Signals, Not Competition, Steer Forex Price Discovery

The Birr's (Brewed Buck) market against the Dollar (Green Buck) advanced in neat formation over six trading sessions last week. Private lenders marched almost shoulder to shoulder, policymakers fixed...

Aug 17 , 2025

News Analysis

Siinqee Bank Accelerates Growth, Struggles to Convert Scale into Profit

Siinqee Bank has burst confidently from microfinance trenches into the competitive commercial banking industry, posting an impressive profit surge that outshone many peers. Its net profit jumped by 8...

May 11 , 2025


Latest Updates

Civil Servants Rush to Secure Digital Certificates, Skills Take a Back Seat

More than 120,000 government employees in Addis Abeba are racing to collect coding certificates unde...

Aug 17 , 2025


New Entrants Rattle Insurance Industry, But Old Constraints Persist

Two new insurance companies, Standard Insurance and Was Insurance, are poised to join the fragmented...

Aug 17 , 2025


Siinqee Bank Makes Foray into Investment Banking

Siinqee Bank is set launch an investment banking subsidiary with a registered capital of 497 million...

Aug 17 , 2025








Agenda

Slow Connectivity Undermines Freelance Boom, Outsourcing Ambitions

On a weekday afternoon in Addis Abeba, when remote workers were buried in trans-Atlantic calls and racing to meet deadlines, software developer Oliyad Takele sat in front of a frozen screen. For four years, he has battled with an internet connection...

Aug 17 , 2025


Floated Currency Promise Meets Hard Reality

The hum of Addis Abeba's import hubs was muted by frustration as Sultan Yusuf found out last week. He has spent more than five years importing cars and chemi...

Aug 10 , 2025


FOREX MARKET SQUEEZES TEST REFORM NERVE

The hum of Addis Abeba's import hubs has faded to a fretful murmur as importers claim their banks demand to know how long their cash would idle before signing o...

Aug 9 , 2025







Editorial

Capital Market Ambitions Face Credibility Test Over Conflicted Oversight

A decade ago, a case in the United States (US) jolted Wall Street. An ambulance operator in the State of Arizona had, in 2011, accepted a buy-out that valued it below earlier indications. Shareholders said their bankers, lured by lucrative financing...

Aug 16 , 2025


Squeesing Stones for Silver, the State Pulls While Taxpayers May Duck

In the 14th Century, the Egyptian scholar Ibn Khaldun drew a neat curve in the sand. Young dynasties, he observed, can fill their coffers with modest taxes, but ageing ones squeeze ever harder for diminishing returns. Six hundred years later, Arthur Laffer ske...

Aug 9 , 2025

Saplings Should Not Be Rushed Like Election Rallies

At daybreak on Thursday last week, July 31, 2025, hundreds of thousands of Ethiopians fanned out across parks, highways, and riverbanks, seedlings in hand, driven to smash what organisers say was another record. The federal government had vowed to plant...

Aug 2 , 2025







Exclusive Interview

UNDP's Toughest Frontiers

The UNDP has expanded its narrative from “poverty eradication” to what Ahunna Eziakonwa, the UN's assistant secretary-general, calls “promoting prosperity,” combining the usual public investments in schools, hospitals and natural-resource management with new pushes to draw in private money a...

Aug 3 , 2025


Germany Champions Reforms While Industrial Model Faces Global Stress Test

Jens Hanefeld, Germany's envoy in Addis Abeba, touched down last September with a resume that mixes three decades of diplomacy, a decade running Volkswagen's global lobbying shop and the trained eye of a historian. Serving as ambassador to Ethiopia and Berlin...

May 17 , 2025

Legacy Businesses in a Liminal Era

At first light in Addis Abeba's Qality District, the smell of freshly roasted Yirgacheffe beans drifts into the yeasty haze from Shoa Bakery's ovens, a blend that sums up Ethiopia's family firms. Such outfits are scarce everywhere, yet in Ethiopia, roughly 40p...

Apr 19 , 2025







Viewpoint

Financial Sector Reforms a Test of Execution, Not Intention

Ethiopia is undergoing one of the most ambitious financial reform drives in its modern history. With the economy under strain from foreign exchange shortages, inflation, and stagnant private investment, policymakers have turned to sweeping reforms that promise to unlock capital, boost trust, and modernise the country's financial infrastructure. The challenge now is not policy design, but execution...

Aug 17 , 2025


Justice Finds Voice in The Hague as Climate Fight Ends on a Rare High

Although the International Court of Justice (ICJ) turned 80 this year, there is a sense in which it has never felt younger. In a David-versus-Goliath moment, the tiny Pacific Island state of Vanuatu recently changed international law forever, bringing the w...

Aug 16 , 2025

A Country Adrift, Ethiopia's Migrants Surges Due to Internal Collapse

The tragic wreck off Yemen's coast on August 3, 2025, where a wooden vessel packed with Ethiopian migrants broke apart, killing or disappearing nearly three out of every four passengers, is more than a maritime disaster. It is a searing indictment of a countr...

Aug 9 , 2025


My Opinion

A Country in Secondhand Threads Struggles to Sew Its Own Future

Addis Abeba's streets blaze with colour. Under grey concrete and mirrored glass, crowds stream by in hoodies boasting distant universities and faded T-shirts advertising rock bands that never set foot on Ethiopian soil. At first glance, the capital appears to be a fashion carnival. In reality, the riot of logos is less about taste than numbers. For someone earning the typical 6,000 to 7,000 Br...

Aug 16 , 2025


Who Owns the Seed as Ethiopia Opens the Gate to GM Maize?

Federal agriculture officials last week quietly opened the door to commercial plantings of genetically modified (GM) maise, a first for the country, a policy decision that should shift the debate from familiar health and ecological concerns to a harder issue....

Aug 9 , 2025

When Leaving Becomes the Dream

The rideshare driver asked as he threaded through Addis Abeba's evening traffic. The question, tossed off lightly, carried a heavy implication. “So, when are you leaving?” he quipped. Leaving, not staying, has become the country's benchmark for ambit...

Aug 3 , 2025






Featured

CAPITAL MARKET OPENS SHARIA-COMPLIANT BANKS WATCH FROM THE SIDELINES

Salhadin Khalifa knows that every shareholder wants to see rewarding returns. As a founding shareholder in ZamZam Bank since 2021, the country's pioneering fully fledged interest-free bank, he sees the newly minted capital market as a golden opportunity. “After all, we want to sell and make a profit,” he said. “Every shareholder wants to make more profit.” Then comes the pause, and a caveat he has learned to repeat. More than one-third of Ethiopians prefer non-interest banking alte...

Aug 10 , 2025


Commentaries

The World Needs a New Economics of Water

As African leaders gather in Cape Town for the African Water Investment Summit, there can be no equivocation that the world faces an unprecedented water crisis that demands a paradigm shift in how we value and govern our most precious resource. The scale of the challenge is staggering. Over half the world's food production now comes from areas experiencing declining freshwater supplies. Two-thirds of the global population face water scarcity at least one month a year. More than 1,000 children...

Aug 16 , 2025


News Analysis

Siinqee Bank Accelerates Growth, Struggles to Convert Scale into Profit

Siinqee Bank has burst confidently from microfinance trenches into the competitive commercial banking industry, posting an impressive profit surge that outshone many peers. Its net profit jumped by 82.7pc during the financial year ending June 30, 2024, displaying a rapid growth trajectory that few of its generational counterparts could match. Nevertheless, while its deposit base grew explosively, Siinqee Bank's lending operations faced substantial limitations, mainly due to the National Bank...

May 11 , 2025


Delicate Number

287,300,000,000

The federal government wage bill in Birr for the fiscal year 2025/26, a 70pc jump from last year. Wage bills typically increase incrementally with inflation and changes in headcount. The sharp increase signals either a massive salary adjustment on the way.  

Aug 16 , 2025


Fineline

Leaders of the National . . .

Leaders of the National Election Board are in a charm offensive mood, of a sort. Last week, they organised a rare tour for members of the media, showcasing what polling stations will look like during the upcoming national elections; and they took the...

Oct 3 , 2020


Verbatim

"Our journey to the Red Sea has gone more than halfway."

Legesse Tulu (PhD), minister of the Government Communications Service, addressed an audience gathered last week at the launching of an app by the state-owned Ethiopia Broadcasting Corporation (EBC).



View From Arada

Can Democracy Survive AI?

Digital technology was supposed to disperse power. Early internet visionaries hoped that the revolution they were unleashing would empower individuals to free themselves from ignorance, poverty, and tyranny. And for a while, at least, it di...

Aug 16 , 2025




Fortune Video




Sunday With Eden

When Trust Becomes a Thief's Weapon

In recent months, I've spoken to several contacts who fell victim to a troubling online scam—one that hijacks personal Telegram accounts, deceives close friends and family, and leaves innocent people deeply in debt. This wave of fraud exploits not only digital security gaps but also trust within tight-knit communities. The scam targets everyday Telegram users, seizing their accounts to trick...

Aug 16 , 2025


The Unseen Labour of Love

Every morning, my husband Mike gently wakes me for prayer. After we share that quiet moment, he says, "You should rest more before our daughter wakes up." I sink back into sleep, even as the world beyond our walls buzzes with judgment. That contrast, between t...

Aug 9 , 2025

Reborn Through Betrayal

Last week, my new house helper, only twenty-two years old, shared a story that left me breathless. I found her crumpled on the stairs, sobbing with the rawness of someone who had just buried a future she spent seven years building. Her tears spoke of deep love...

Aug 3 , 2025


Life Matters

A Day at the Tax Office

I have reached a conclusion: many people struggle to sit quietly and let public servants do their work. Instead, interruptions occur every few minutes, slowing progress, or attempts are made to bypass queues entirely. This behaviour appears in banks, markets, and, most noticeably, in revenue collection offices. Such scenes are less an example of mere disorganisation than a reflection of collectiv...

Aug 16 , 2025


Charity in the Rearview

A few days ago, I boarded a crowded taxi where a simple act of charity sparked a spirited debate. A woman handed money to a Syrian refugee, prompting a heated conversation about who deserves support more, a refugee or a local beggar. The moment felt raw and ch...

Aug 9 , 2025

Facing the Butcher's Cut

The image remains vivid; standing at the butcher's shop, watching as the order was prepared, and spotting it. A small, unbandaged cut on the butcher's finger caught the eye, and unease settled in almost instantly. The mind leapt to unsettling conclusions, imag...

Aug 3 , 2025





Radar

Kifiya, Mastercard Push AI-Driven Credit Access

Kifiya Financial Technologies and the Mastercard Foundation convened the third Kifiya Knowledge Series at the Hyatt Regency, gathering over 250 policymakers, bankers, fintech leaders, and entrepreneurs to debate how AI-powered credit can expand access for micro, small, and medium enterprises (MSMEs) and smallholder farmers excluded from traditional finance. The series forms part of the Sustaina...

Aug 17 , 2025


Coffee Hub Illu Ababor Targets Bigger Share in Global Market

Illu Ababor Zone supplied more than 51,000 tons of coffee to the central market in the 2024/25 fiscal year, Deputy Administrator Mohammed Teha reported. The effort is part of the "Neqemte Initiative," designed to promote production, productivity, and quality in top foreign exchange earner. The zone spans over 700,000 hectares, including 300,000 hectares of newly planted and rehabilitated coffee...

Aug 17 , 2025

In Picture

COUNTING CHANGE

From left: Tilahun Girma, partner at PKF Ethiopia; Feysel Takele, managing partner; and lecturer Dakito Alemu (PhD) mark a milestone few firms in the country can claim. The newly established and officially inaugurated audit, tax, and advisory firm opened its doors on August 15, 2025, at their Liberia St. office, opposite Balcha Hospital, Capstone Building. PKF Global operates in over 150 countries...

Aug 17 , 2025


PETROL PATROL

These jerrycans imprisones around Qera, locked in orderly submission, hint at a small-scale drama of fuel security, shopkeepers' vigilance, and the unspoken tension between convenience and caution. Each cap, a tiny fortress; each chain, a quiet warning, one wrong move and chaos, or at least a very messy day, awaits. With fuel shortages stretching from Addis Abeba to regional capitals like Bahir Da...

Aug 17 , 2025