cbe

USD

49.7684

50.7638

GBP

63.8027

65.0788

EUR

55.7008

56.8148

CHF

51.1943

52.2182

SEK

4.8221

4.9185

NOK

5.0376

5.1384

DKK

6.7718

6.9072

DJF

0.2765

0.282

JPY

0.3912

0.399

CAD

35.5404

36.2512

SAR

12.0044

12.2445

AED

12.2609

12.5061

XAF

0.012

0.0122

INR

KES

AUD

31.9426

32.5815

SDR

ZAR

CNY

7.0731

7.2146

KWD

156.7691

159.9045

awash

USD

49.7684

50.7638

EUR

55.7008

56.8148

GBP

66.8091

68.1453

CAD

39.2712

40.0566

AED

13.548

13.819

CHF

53.6066

54.6787

abyssinia

USD

49.7336

50.7283

GBP

64.1903

65.4741

EUR

56.0945

57.2164

AED

12.2523

12.4973

NOK

5.067

5.1683

SAR

11.9982

12.2382

SEK

4.8646

4.9619

CAD

35.8095

36.5257

zemen

CAD

39.2712

40.0566

EUR

55.7008

56.8148

GBP

66.8091

68.1453

SEK

5.3753

5.4828

USD

49.7684

50.7638

nib

GBP

63.8027

65.0788

EUR

55.7008

56.8148

CHF

51.1943

52.2182

CAD

35.5404

36.2512

SEK

4.8221

4.9185

AED

12.2609

12.5061

SAR

12.0044

12.2445

ZAR

3.2413

3.3061

JPY

0.3912

0.399

KES

0.4349

0.4436

DJF

0.2765

0.282

INR

0.6584

0.6716

CNY

7.0731

7.2146

DKK

6.7718

6.9072

NOK

5.0376

5.1384

AUD

31.9426

32.5815

USD

49.7684

50.7638

wegagen

USD

49.7684

50.7638

GBP

63.8027

65.0788

EURO

55.7008

56.8148

CAD

35.5404

36.2512

AUD

31.9426

32.5815

CHF

51.1437

52.1666

SEK

4.9449

5.0438

NOK

5.1195

5.2219

DKK

6.8326

6.9693

DJF

0.2749

0.2804

INR

0.669

0.6824

KSH

0.4358

0.4445

JPY

0.3878

0.3956

SAR

11.9212

12.1596

AED

12.1815

12.4251

ZAR

3.1924

3.2562

CNY

7.0295

7.1701

KWD

155.9282

159.0468

dgb

USD

49.6388

50.6316

GBP

67.3499

68.6969

EUR

56.2805

57.4061

CHF

54.4106

55.4988

CAD

39.6666

40.4599

AUD

35.7499

36.4649

SEK

5.408

5.5162

NOK

5.6135

5.7258

DKK

7.5614

7.7126

DJF

0.2758

0.2813

INR

0.6671

0.6804

KSH

0.4368

0.4455

JPY

0.4358

0.4445

SAR

13.2324

13.497

AED

13.5127

13.783

ZAR

3.28

3.3456

CNY

7.8256

7.9821

KWD

163.9669

167.2462

enat

USD

49.7684

50.7638

EUR

55.7008

56.8148

GBP

66.8091

68.1453

CHF

53.6066

54.6787

SEK

5.3283

5.4349

NOK

5.5664

5.6777

DKK

7.4826

7.6323

KES

0.4377

0.4465

JPY

0.4323

0.4409

DJF

0.2765

0.282

CAD

39.2712

40.0566

AUD

35.2957

36.0016

SAR

13.2645

13.5298

AED

13.548

13.819

ZAR

3.2625

3.3278

CNY

7.8156

7.9719

Addisfortune-The Largest English Weekly in Ethiopia (Addis) Fortune – The Largest English Weekly in Ethiopia! – The Largest English Weekly in Ethiopia!

Total cases Reported In Ethiopia: 463,921
New cases Reported In Ethiopia: 456
Critical in Ethiopia: 316

COVID-19 UPDATES LAST UPDATE( 2022-01-28 03:41:22 )
Active cases Reported In Ethiopia: 61,252
New Deaths Reported In Ethiopia: 11

Total Deaths Reported In Ethiopia: 7,303
Total Recovered Reported In Ethiopia: 395,364

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COVID-19 UPDATES: All the stories and commentaries on Coronavirus, in one place

Fortune News

Fuel Subsidies to Go Goose Egg Next Year

January 22 , 2022 . By HAWI DADHI

Featured

Diaspora Homecoming Breathes Life into Businesses. Will It Last?

January 15 , 2022 . By SAMUEL BOGALE

On the verge of losing his job as a sales officer at Ayat (R...

THE COLOUR OF TIMQET

The faithful lean from a Sidist Kilo sidewalk in bright white threads to catch a whiff of frankincense. The occasion was Timqet, a religious holiday that commemorates the baptism of Jesus Christ; it is celebrat...

Fortune News

Fuel Subsidies to Go Goose Egg Next Year

January 22 , 2022 . By HAWI DADHI

The federal government will likely toss fuel subsidies entirely by the middle of next year. The Council of Ministers has passed a regulation that would see subsidies progressively lifted off in a year, with moto...

Editorial

Fuel Subsidies Will Have to Go. But How?

January 22 , 2022

The relationship between fuel price shocks and politics needs no introduction. As a fundamental source of energy that powers modern civilisation, its effect on net importers of oil goes beyond macroeconomics. A...

Exclusive Interviews

CEO of Fintech Firm Finds 'Sleeping Giant' in Africa

January 22 , 2022 . By Christian Tesfaye

Fortune: Your company alludes to the African market’s unique set-up from other parts of the world. Why is that? Is it a combination of being unbanked and a lack of monthly subscription models? Or is it somethi...

The Fineline

Leaders of the National . . .

October 3 , 2020

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...

Agenda

Vehicle Owners Quiver Under Mounting Spare Part Costs

January 22 , 2022 . By YARED SEYOUM

The hectic, narrow streets of Mercato seemed busier last week than the usual. A wave of last-minute shoppers looking to buy supplies for the Timket (Epiphany) holiday festivities may have caused the surge in tra...

Editorial

Fuel Subsidies Will Have to Go. But How?

The relationship between fuel price shocks and politics needs no introduction. As a fundamental source of energy that powers modern civilisation, its effect on net importers of oil goes beyond macroeconomics. A paper the World Bank released two years...

Editorials

Peace Process within Arm's Reach. Beware Spoilers!

January 15 , 2022

Foes and friends of Prime Minister Abiy Ahmed (PhD) agree that his administration is full of surprises. For better or worse, its next step is never too obvious. Ambiguity could be a policy of...

Sunday with Eden

Prejudice's Externalisation of Self-Hate. Better to look Inside

January 7 , 2022 . By Eden Sahle

Prejudice's Externalisation of Self-Hate. Better to look Inside

January 7 , 2022 . By Eden Sahle

I lived in Tanzania some time ago, working on a project. I met new people who came from around the world. Just like me, they were...

Young Peacemakers Assemble as the Elderly Fail Their Communities

October 9 , 2021 . By Eden Sahle

Ethiopia is experiencing a nationwide soc...

The Rise of Intoxicated Minibus Drivers, Public's Complicity

October 2 , 2021 . By Eden Sahle

A few weeks ago, around mid-day, a strang...

COVID-19: Hard on Society, Crueler on Women

September 18 , 2021 . By Eden Sahle

Thou Shalt Not Steal the Unbanked's Savings

September 10 , 2021 . By Eden Sahle

Ethiopia's Not Administering Jabs, but Public Apathy

September 4 , 2021 . By Eden Sahle

Don't Resign to Tragedy, Protest It with Compassion

August 28 , 2021 . By Eden Sahle

Children that Sniff Glue, Beg's Generation Lost

August 21 , 2021 . By Eden Sahle

This week's print version

Agenda

Vehicle Owners Quiver Under Mounting Spare Part Costs

The hectic, narrow streets of Mercato seemed busier last week than the usual. A wave of last-minute shoppers looking to buy supplies for the Timket (Epiphany) holiday festivities may have caused the surge in traffic. Mercato was awash with noise and...

Agenda

Foreign Loans Plunge Amid Debt Reshuffling Talks, War

December 30 , 2021

The most expensive road ever built in Addis Abeba had begun four years ago, hopes high that it would be a passageway easing congestion on an otherwise jammed highway. The 10Km corridor from Qality to Tulu Dimtu, connecting the capital to expressways leading so...

Life matters

Vacillate Only with Principles

January 22 , 2022 . By Kidist Yidnekachew

There is a popular saying in Ethiopia. It goes, “esuma aquam yelewim,” referring to a person without a firm stance on a given issue. These people are often portrayed as standing for nothing and falling for everything. It is considered a shortcomi...

Make Tibs, Not Minced Meat

October 9 , 2021 . By Kidist Yidnekachew

We have all heard it said, “looks can be deceiving,” which is often used to refer to something that seems good on the outside but does not have the matching qualities...

Free Nursing Moms from Stares

October 2 , 2021 . By Kidist Yidnekachew

Halfway into my walk the other day, I saw a lady with a long dress struggling to nurse her baby. She did not want to lift her skirt up, but her baby was crying louder eve...

Verbatim

"Alarmed."

A briefing by Liz Throssell, spokesperson for the UN High Commissioner for Human Rights, on civilian...

"Candid."

Prime Minister Abiy Ahmed (PhD) described his phone conversation with President Joe Biden after a ye...

"Particularly harrowing experience."

President Sahle-Work Zewde described the previous year as she wished 2022 to be a year of "peace, he...

"It doesn't mean negotiation."

Agegnehu Teshager, speaker of the Upper House and former president of the Amhara Regional State, not...

"A friend indeed."

Redwan Hussien, state minister at Foreign Affairs, said on the occasion of the Africa-Turkey Partn...

"Profound."

Eyob Tekalign Tolina (PhD), state minister for Finance, on the establishment of a National Dialogue...

Exclusive Interviews

CEO of Fintech Firm Finds 'Sleeping Giant' in Africa

Fortune: Your company alludes to the African market’s unique set-up from other parts of the world. Why is that? Is it a combination of being unbanked and a lack of monthly subscription models? Or is it something else? Frank: Digital payments are growing all over the world. Both on point of sale...

Exclusive interview

Middle-income Status For the Taking in Ethiopia, with Emphasis on Political Openness

October 9 , 2021 . By Christian Tesfaye

The Legatum Institute, a London-based think-tank, recently released an economic case study of Ethiopia, titled, "Pathway to Prosperity." The report focuses on the economic planning and growth outcomes of Ethiopia over the past few decades and recommends govern...

Viewpoints

SMEs Financing Needs More Dynamic Approach

January 23 , 2022 . By Asseged G. Medhin

Bank lending is the most common source of external finance for many small- and medium-sized enterprises (SMEs) and entrepreneurs, which are often heavily reliant on traditional debt to fulfil their start-up, cash flow an...

Regime Change in the Global Economy

January 22 , 2022 . By Michael Spence

In 1979, W. Arthur Lewis received the Nobel Prize in economics fo...

Fighting Deforestation on the Ground

January 15 , 2022 . By Pedro Frizo

The protection and conservation of biomes, especia...

The Key to the COVID-Powered Challenges of 2022

January 1 , 2022 . By Ngaire Woods

Clouds Over 2022

January 1 , 2022 . By Nouriel Roubini

Development Begins at Home

December 11 , 2021 . By Justin Yifu Lin and Yan Wang

The World Can't Afford Another 'Lost Decade.' It Won't Need to with R&D

October 23 , 2021 . By Bjorn Lomborg

The Metamorphosis of Growth Policy

October 16 , 2021 . By Dani Rodrik

In-Picture

Coffee Train

March 14 , 2021

GEBENA PINATA

January 23 , 2021

Sanctioned Graffiti

June 20 , 2020

NEW MESQEL SQUARE

February 13 , 2021

SECONDHAND MARKET

February 13 , 2021

Films Review

THE KING'S MAN: BETTER THAN THEY SAY

January 7 , 2022 . By Christian Tesfaye

SPIDER-MAN SLINGS ALONG NOSTALGIA AVENUE

January 1 , 2022 . By Christian Tesfaye

THE KOREAN CINEMATIC 'INVASION'

October 16 , 2021 . By Christian Tesfaye

NO TIME TO DIE

October 9 , 2021 . By Christian Tesfaye

Radar

ELABORATE EPIPHANY

January 22 , 2022

The Epiphany (Timqet) celebrated last Wednesday featured several creative visuals to commemorate faith. One such work is in a park, whereima...

GAMING

January 22 , 2022

UNLOADING

January 22 , 2022

City Revenues Bureau Collects 31.4b Br in Half Year

January 22 , 2022

China Donates 2.2m Doses Amid Vaccine Campaign Slowdown

January 22 , 2022

The fineline

Leaders of the National . . .

October 3 , 2020

When the country’s most. . .

September 19 , 2020

When the country’s most senior diplomats and envoys return back to their posts after two-week debriefings, they leave behind a point or two by way of emphasis...

Old habits die hard, so they say. The TPLF's leadership community...

Old habits die hard, so they say. The TPLF`s leadership community - the existing alike the former - is back to its old se...

Yinager Dessie (PhD), governor of the central bank...

In the absence of a hegemonic political force...

May 2 , 2020

For countries like Ethiopia where scarcity of resources...

April 25 , 2020

Ethiopia is bracing for a potential constitutional crisis...

April 4 , 2020

News Analysis

May 16 , 2020 . By MAYA MISIKIR | Fortune News

Rorank Reviews Decision to Lay Off 148 Employees

January 15 , 2022 . By HAWI DADHI | News Analysis

Central Bank 'Only Option' Leaves Exporters Fuming

View from arada

No Matter the Goal, Cliff Says Rehearse

William Shakespeare has never been a stranger to expressing a certain truth in his lines. “All the world’s a stage, and all the men and women merely players,” he once wrote in his ...

Good Employers Don't Let Employees Go the 'Wrong Way' on Safety

October 9 , 2021 . By TADESSE TSEGAYE

Last week, it was after the bugle call rang out, which signalled the bi-weekly refuse collection in our neighbourhood, and as soon as the ensuing crowd commotion faded, that I went out with my bags of household waste. It had accumu...

Delicate number

109,000

number of PoS transactions facilitated last year by EthSwitch, the national switch operator providing interoperability between banks and microfinance institutions...

Commentaries

Informed Investors, Thriving Markets, Shared Prosperity

January 22 , 2022 . By Elshadai Negash

Queuing for in-demand basic goods and services is not an unfamiliar occurrence in Ethiopian government offices as the public sector grapples with the need to speed up its flailing bureaucracy to meet...

Private Choice or Public Health: the Middle Ground in Vaccination Row

January 22 , 2022 . By Yehualashet Tamiru Tegegn

On March 13th, 2020, Ethiopia confirmed its first case of COVID-19. Consequently, the government has...

The Power and Poison of MMT

January 15 , 2022 . By Koichi Hamada

When Democratic Senator Joe Manchin announced that he would not support US President Joe Biden’s Build Back Better Act...

Protecting Bees, Safeguarding Livelihoods!

January 1 , 2022 . By Chimimba David Phiri (PhD)

Bees are tiny food heroes without which most of the food we eat would not exist. Bees, one of the most hard-working crea...

My Opinion

Real Estate Bubbles

January 22 , 2022 . By Christian Tesfaye

Against all the odds, there is little indication that the high-end real estate market is struggling. Recently, I visited the headquarters of a reputable real estate firm. Its projects extend all over...

Population Explosion, For Better or Worse

October 9 , 2021 . By Christian Tesfaye

There has been much to be said about the growth prospects of Ethiopia, like any developing African nation, the challenge...

The Ethiopian Dream without the Ecosystem

October 2 , 2021 . By Christian Tesfaye

Shark Tank is one of those shows everybody has heard about but not seen. Some of the names have become familiar, includi...

Fortune video

Editors' Pick

Banks Miss Deadline, Mergers Prove Unattainable

Residing in a country with no capital market, an organised marketplace for trading securities and shares, Bereket Haile, 32, uses social media platforms to buy and sell shares, particularly banks. He finds they have a higher rate of return than most...

Financial Sector-sourced Glucose Drips No Remedy to Save Economy

November 27 , 2021

Against my will, I have witnessed the most terrible defeat of reason and the most savage triumph of brutality in the chronicle of time. Never - and I say so not with pride but with shame - has a generation fallen from such intellectual heights as our...

Gallery

Parliament Approves New Cabinet Members

October 6 , 2021

Parliament Approves New Cabinet, Incorporates Opposition Leaders Lawmakers have approved today the nominations of 22 ministers, including three opposition leaders. Two MPs have voted against, while 12 abstained...