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FED'S COSTLY TURN FROM MONEY PRINTING PILES PRESSURE ON BUDGET


Finance Minister Ahmed Shide entered the last quarter of the fiscal year with a budget under pressure and a financing plan stretched by delayed foreign support. The Minister's nine-month report showed the federal government borrowing faster from t...

May 9 , 2026


Fortune News

A Fuel Corruption Case Opens with Officials, Businesspeople in the Dock

At the Federal High Court's Lideta Division, on Dejazmach Bekele Weya Street, one of the government's largest public-corruption prosecutions of the year began last week with a crowded courtroom, a lat...

May 9 , 2026

News Analysis

Siinqee Bank Turns Microfinance Roots into Banking Momentum

Siinqee Bank's performance in its latest year reads like the arrival notice of a four-year-old commercial bank. Born from microfinance and transformed into commercial banking in April 2022, it ende...

May 9 , 2026

Money Market Watch

Banks Nudge the Birr, But Dare Not Let It Move

The foreign-exchange board's last week offered a deceptively quiet picture of the market. The implied depreciation was 0.05pc in six days, an unmistakably slow crawl. The calm is striking because t...

May 9 , 2026


Latest Updates

Safaricom’s Big Bet Begins to Pay Off, at a Cost to Customers

Safaricom's Ethiopian bet, defined by the cost of entering one of Africa's last closed telecom marke...

May 9 , 2026


New Bill Seeks to Finance Cybersecurity Through Mandatory Contributions

A bill before federal lawmakers last week extends the mandatory contribution system to cyber protect...

May 3 , 2026








Agenda

Period Poverty Crisis Forces Women to Pay For Dignity

Luladay Abraham treats the arrival of her menstrual cycle less as a private inconvenience than as a monthly test of endurance. The 32-year-old accountant, who works for a construction firm on Gabon Street and lives in CMC, has hypermenorrhea, an unus...

May 9 , 2026


The Building Boom That Rans Out of Fuel

Two unfinished buildings owned by Roman Tahir on Omedla Street near a roundabout in the Ferensay Legasion in the Gurara neighbourhood have become a quiet measur...


Transport Squeeze Leaves Commuters Paying the Price

Before sunrise reached the outskirts of Addis Abeba, Demelash Assefa was already on the road, measuring the city's transport crisis in minutes, fares and absenc...

Apr 25 , 2026







Editorial

Every Encounter with the State Should Not Become an Invoice

The Ethiopian state appears to have discovered a fiscal instrument that is politically convenient and administratively tempting yet economically burdensome for its citizens. It has gotten itself into an addiction where mandatory contributions behave...

May 9 , 2026


National Dialogue Has Everything But the Trust It Needs

By the time Ethiopia's National Dialogue Commission (ENDC) reached the end of its first three-year mandate, the country had gathered everything a dialogue needs, except for the one thing it cannot do without. Trust. There were commissioners, facilitators, p...

May 2 , 2026






Exclusive Interview

Britain Wants Ethiopia to Stop Being an Aid Case and Become a Climate Power

Fortune: Given the United Kingdom's long history with Ethiopia, is there a change of view about its role in East Africa's economic and climate future? McLoughlin: We are recalibrating our approach in recognition of Ethiopia's increased importance, particularly on climate and economic transformati...

May 3 , 2026


EZEMA'S New Leader on Elections, Youth Apathy and the Constitution

Fortune: Have you voted before? Eyob Mesafint: Yes. I have voted since I was 18. Q: How does the current electoral climate compared with the past? Under the EPRDF, except in 2005, elections were largely nominal and predictable. Opposition leaders expe...

Apr 10 , 2026

MELIKA B. MOHAMMED

Fortune: The finance sector remains a male-preserved space. How does it feel to be the one recalibrating that balance as you climb? Melika B. Mohammed: For me, it has never been about proving a point. It is about purpose. I am driven less by the idea of bre...

Apr 10 , 2026







Viewpoint

African Development Finance Blind Spots

Africa's development-finance gap is the continent's biggest challenge, and at its core, it is a design problem. In the absence of the instruments and regulatory pathways needed to channel domestic savings toward productive investment, much of the continent's capital remains trapped in short-term sovereign debt. This raises a fundamental question. What would it take to build a development-financ...

May 10 , 2026


Debtor Countries Finally Have a Group of Their Own

A group of developing countries launched the Borrowers' Platform last month to create a stronger collective voice in debt management discussions and international financial negotiations. While the initiative is grounded in the Sevilla Commitment, adopted at...

May 9 , 2026

Digital Wallet Boom Still Waits for a Marketplace

When Ethio telecom launched Zemen Gebeya nearly a year ago, Ethiopia's digital business sector expected a breakthrough. The platform was presented as a step into modern e-commerce, where earlier ventures had struggled to build trust and scale. Ten months la...

May 2 , 2026


My Opinion

The AI Risk to Focus On

While many would point to the financial system in response to the question of the biggest risk posed by AI, our attention would be better directed more toward labour markets. Financial concerns are certainly understandable. Even in 2026, the spectre of 2008 haunts every conversation about economic risk. When Lehman Brothers collapsed, and the global banking system teetered, governments faced a...

May 9 , 2026


A New Economics for the 21st Century

In the run-up to this year's International Monetary Fund (IMF) and World Bank Spring Meetings, the one story that cut through the noise was that the World Bank had embraced industrial policy after decades of advising against it. But while much of the ensuing d...

May 2 , 2026

Why Slums Persist

The standard policy response to slums (relocate people, bulldoze the settlement, and build public housing elsewhere) is older than the slums themselves. It has never worked. The logic seems straightforward. Slums are viewed as unsanitary, unsafe, and visual...

Apr 25 , 2026






Featured

CAKE Takes the Place of Wine in Addis Abeba’s Social Visits

Weeks after the Easter holiday, Addis Abeba has slipped back into its ordinary pace. The holiday crowds have dissipated, shopfronts are quieter, and families have returned to work, school and routine. Yet one habit from the season has lingered in living rooms and across dining tables. Visitors who once arrived with wine, soft drinks, fruit or neatly wrapped goods increasingly came with boxed cakes, decorated and ready to share. Repeated across neighbourhoods, it unveiled a shift in the city's...

Apr 26 , 2026


Commentaries

The Geopolitical Battle Over Monetary Infrastructure

The development of payment infrastructure in emerging-market economies (EMEs), from instant payment systems in retail markets to wholesale central bank digital currencies (CBDCs) for cross-border interbank settlement, is part of a broader technological transformation. But the intense scrutiny these initiatives face from the United States (US) signals that what is at stake is not only technical supremacy, but monetary power itself. Changes to how payments are executed imply a shift in control...

May 9 , 2026


News Analysis

Siinqee Bank Turns Microfinance Roots into Banking Momentum

Siinqee Bank's performance in its latest year reads like the arrival notice of a four-year-old commercial bank. Born from microfinance and transformed into commercial banking in April 2022, it ended the 2024/25 financial year in the upper tier of the domestic banking industry. According to Tolessa Gedefa, chairperson of the Board, it was a year of “significant milestones.” “Despite being a relatively new entrant in the banking sector, the Bank outperformed many established private...

May 9 , 2026


Delicate Number

1

The percentage of candidates running under independent platforms out of a total of 10,933 candidates registered with the National Electoral Board of Ethiopia (NEBE) for the national polls scheduled for June 2026.

May 9 , 2026


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

"It is imperative that another devastating conflict is avoided."

The European Union’s (EU) Foreign Affairs Spokesperson, Anouar El Anouni, issued a statement on April 30, 2026, voicing the EU's concerns, calling for immediate de-escalation, and warning against actions that could imperil the Pretoria Deal. The statement came amid rising tensions after the TPLF moved to restore the pre-war political structures in Tigray Regional State, a step that challenged the Interim Administration, led by Tadesse Werede (Lt. Gen.), created under the Pretoria agreement. Days later, the restored regional council elected Debretsion Gebremichael (PhD), the TPLF chairman, as regional president, reviving the political order associated with the disputed 2020 regional election, one of the flashpoints in the breakdown of relations between the federal government and teh TPLF before the civil war.



View From Arada

The Wedding Before the Wedding Erodes "Shimgilina" Tradition

At a close friend's "Shimgilina", a traditional betrothal intercession, I saw how the old rules remain visibly present. They had merely moved into a modern setting, softe...

May 9 , 2026




Sunday With Eden

The Silence That Leadership Can't Keep

A few days ago, I attended a virtual conference in Canada that stayed with me, not because of the agenda alone, but because of how people spoke to each other. I expected a structured gathering where leaders present reports, participants listen quietly, and decisions move forward with minimal friction. What I witnessed instead was something far more demanding and far more honest. Over several ho...

May 9 , 2026


Development That Redraws the Rent Line

Urban renewal is often sold as a promise: cleaner streets, safer neighbourhoods, better lighting, and a city finally catching up with its ambitions. In Ethiopia, the corridor development projects are beginning to deliver on that promise. Roads are smoother, si...

May 2 , 2026

Some Illnesses Whisper Until We Miss the Signs

I ran into an acquaintance recently. She shared news that should have been simple to celebrate. She said she was pregnant. I congratulated her right away, caught in the moment. She smiled, but only briefly. Then her tone shifted. What followed was not just...

Apr 25 , 2026


Life Matters

Motivation Drops as the Day Begins in Sleepwear

We have all seen the aesthetic. The “work from home” dream usually comes packaged with a plush sofa, a laptop balanced on a pillow, a neatly arranged coffee cup, and someone in an expensive-looking silk pyjama set pretending life has finally been figured out. No traffic. No office politics. No uncomfortable shoes. Just freedom wrapped in soft fabric. At first glance, it looks ideal. If ther...

May 9 , 2026


The Final Exam No One Prepared For

The first time I heard about the “Mesob” one-stop service initiative, relief came quickly. It sounded like a promise to citizens worn down by bureaucracy, a signal that the long chase for a single signature across multiple offices might finally ease. The n...

May 2 , 2026

Turns Out, Talking Pays Better

The search for a side hustle has become less of a choice and more of a necessity. It often begins with simple optimism, scrolling through opportunities, asking around, hoping for something that fits. More often than not, the search circles back to the same pla...

Apr 25 , 2026





Radar

Federal Prosecutors Accuse Public Officials, Contractors of Corruption, Alleged Illicit Fund Transfers

Federal prosecutors have filed corruption and money laundering charges against 11 defendants, including Nigstu Bogale, Coordinator of the Development Project for Response to the Impact of Refugees in the Horn of Africa at the Ministry of Agriculture, Biniyam Fantaye and Taye Habte, senior irrigation engineers involved in the Development Response to Displacement Impacts Project (DRDIP-II), as well...

May 9 , 2026


Federal Prosecutors Accuse Public Officials, Contractors of Corruption, Alleged Illicit Fund Transfers

Federal prosecutors have filed corruption and money laundering charges against 11 defendants, including Nigstu Bogale, Coordinator of the Development Project for Response to the Impact of Refugees in the Horn of Africa at the Ministry of Agriculture, Biniyam Fantaye and Taye Habte, senior irrigation engineers involved in the Development Response to Displacement Impacts Project (DRDIP-II), as well...

May 9 , 2026

In Picture

IRON JUNGLE

Somewhere between “Monday morning motivation” and “this job definitely didn't come with a user manual,” a lone artisan of steel crouches in the middle of what looks like a metal jungle gym designed by a very ambitious architect. Armed with a welding mask, gloves, and the kind of focus that says “I have seen things you wouldn't believe,” he wrestles with a stubborn piece of machinery th...

May 10 , 2026


STREET SPARKS

At Gabon Street near Meskel Flower Roundabout, a multi-deck car carrier stacked with brightly modified rally vehicles moves through the capital's grey afternoon, drawing attention without trying too hard. The convoy feels out of place in the daily rhythm of traffic, yet it signals something bigger taking shape beneath the surface. These purpose-built machines point to a growing motorsport and a...

May 10 , 2026