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FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds


ELECTIONS WITHOUT A PULSE?


The national poll set for next month has the scale of a vast political exercise, but not yet the atmosphere of one. According to federal electoral officials, 47 parties have fielded 10,933 candidates, registered voters have surpassed 50 million, and...

May 17 , 2026


Fortune News

Tax Bill Tests the Line Between Compliance, Fairness

A revised tax administration law could bar taxpayers from submitting new evidence during complaints, appeals, or tax revision proceedings if the material was not provided during the initial assessment...

May 17 , 2026

News Analysis

Dashen Bank Grows Bigger, Safer, But Not as Profitable

Dashen Bank entered the foreign-exchange reform year with a defensive proposition. It grew large enough to protect its market position, preserve liquidity, and push more customers out of costly branch...

May 17 , 2026

Money Market Watch

Brewed Buck Looks Steady, But Banks Signal Dollar Stress

The Birr's (Brewed Buck) official cash market looked calm through Saturday, May 16, 2026. But the calm was administrative, not market-driven. With the National Bank of Ethiopia (NBE) absent from au...

May 17 , 2026


Latest Updates

Lawyers Win Reprieve as VAT Battle Tests Limits Ministry's Mandate

The Federal Supreme Court's interim order late last week has turned a technical tax dispute into a c...

May 17 , 2026


United States Sees Ethiopia’s Open Door with a Stubborn Lock

Ethiopia's trade with the United States has become a revealing test of the Administration's economic...

May 17 , 2026








Agenda

Quiet Campaigns Speak Loudly

Genene Gedebu reached Kucha after the campaign season for the upcoming national elections opened, expecting to do what candidates do. The President of the Kucha People's Democratic Party (KPDP), established in 2018 to represent the Kucha community, G...

May 17 , 2026


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 w...

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...







Editorial

T-Bills Trap Begins in the Federal Government's Own Budget

The federal budget tells a troubling story about inflation, debt and reform. The problem is not only that the state is short of money. It appears to be struggling to control the money it has. The books show a system that spends too little where polic...

May 16 , 2026


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 like a tax...

May 9 , 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

Access to Intelligence, Ethiopia's Next Divide

The debate over artificial intelligence (AI) has moved quickly from suspicion to practical urgency. A few years ago, public discussion was dominated by fear, mistrust and calls for restraint. Today, the argument is less about whether Ethiopians should use generative AI and more about who can use it seriously, affordably and at scale. Tools such as ChatGPT, Claude, Grok, Gemini and DeepSeek are...

May 17 , 2026


From Nairobi to Addis Abeba, a New Chapter in France-Africa Relations

As France and Kenya co-hosted a summit this week, one conviction emerged. It is necessary to redefine relations between France and Africa, which are essential for jointly addressing the challenges of the 21st Century. This renewed partnership, which has bee...

May 16 , 2026

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 c...

May 9 , 2026


My Opinion

How I Became a Manufacturing Skeptic

At a gathering of academics and policymakers at Harvard this month, a participant reminded me that I had published a column 15 years ago on "The Manufacturing Imperative". The piece emphasised the importance of industrialisation in driving economic growth, creating good jobs, and building a middle class. "This is one of my all-time favourite articles," the policymaker from Africa told the audie...

May 16 , 2026


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 200...

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






Featured

Betrothal Ritual Falls Prey to the Event Economy

When Abigiya Tewodros sat for her traditional bethrothal intercession, locally known as "Shimgilina", her mind moved between the lifelong promise before her and the video that had shaped the day. The ceremony, hosted by her mother and mostly paid for by her groom, drew 300 guests and cost 600,000 Br. It bore little resemblance to the modest and mediation-focused gatherings her parents knew. For young professionals in Addis Abeba, the old ritual now sits between cultural duty and the pressure...

May 17 , 2026


Commentaries

How Africa Can Escape the Debt Trap

The narrative that Africa faces a persistent debt crisis has become entrenched. Despite representing nearly one-fifth of the world's population, the continent accounts for less than three percent of global sovereign debt. By contrast, the European Union (EU) and the United States (US) account for a much larger share (nearly 16pc and more than 34pc, respectively). Africa's average debt-to-GDP ratio, at 67pc, is markedly lower than those of Europe (88.5pc), the US (122.6pc), and Japan (236.7pc...

May 16 , 2026


News Analysis

Dashen Bank Grows Bigger, Safer, But Not as Profitable

Dashen Bank entered the foreign-exchange reform year with a defensive proposition. It grew large enough to protect its market position, preserve liquidity, and push more customers out of costly branches and into digital channels. By June 2025, that proposition had worked in scale, but less convincingly in earnings. Using net profit, operating income, average assets and average equity, Dashen Bank's return on equity of about 22pc came from a 28.5pc margin, 9.46pc asset turnover and 8.32 times...

May 17 , 2026


Delicate Number

22

The value in Birr of an overspent budget for fixed assets and construction by the federal government in fiscal year 2023/24. Capital expenditure normally faces procurement delays and implementation bottlenecks, but the revised budget (152.08 billion Br) exceeded the target by a large margin.

May 16 , 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

“Today in Addis Abeba, there is no reason that forces anyone to beg on the street."

Adanech Abiebie, mayor of Addis Abeba, argued before city residents last week that the feeding centres provide "hot, clean and nutritious" meals for those without regular incomes. There are at least 26 feeding centres across the city, serving over 45,000 people daily.






Sunday With Eden

Love, Not Blood, Makes a Family

There are moments that quietly expose the prejudices buried inside society. They appear in ordinary places, a hospital corridor, a waiting room, a passing conversation between strangers. Sometimes, a single sentence is enough to reveal how deeply people misunderstand love, family, and what it truly means to be a parent. A friend of mine recently rushed her baby to a hospital around Megenagna af...

May 16 , 2026


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 dec...

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


Life Matters

The Hidden Limits Behind Unlimited Data Plans

A few weeks ago, I found myself reaching for a mobile data package after our home Wi-Fi went down. The electricity had cut off, and once the modem battery drained, we were left completely disconnected. In our household, internet access is not a luxury. Both my husband and I work remotely, and our daily output depends on a stable connection, especially now that AI tools have become deeply embedded...

May 16 , 2026


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 o...

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





Radar

Ministry of Water & Energy Reports Mixed Nine-Month Performance

The Ministry of Water & Energy (MoWE) has presented its nine-month performance report to Parliament, showing strong gains in electricity generation alongside persistent financial and operational challenges. Electricity generation capacity rose from 7,910 MW to 9,579 MW, narrowly missing the nine-month target. Hydropower led the expansion, reaching 9,050 MW, while wind and solar lagged at 4...

May 17 , 2026


Land Bureau Collects Billions in Revenue, Penalties From Developers

The Addis Abeba Land Development & Administration Bureau has collected 13.1 billion Br in revenue over the past ten months from lease payments and related charges. Berhane Kebede, team leader for Lease Income Collection and Monitoring, said efforts are also focused on ensuring developers comply with lease regulations, commence construction on time, and meet payment obligations. During ci...

May 17 , 2026

In Picture

TALES EN-ROUTE

On a wide stretch of asphalt that looks like it has seen better days, two women that do not use the “light travel" memo, rest by the roadside beside oversized bundles of cabbage meant to be sold out but didn't.  One sits forward, face buried in her hands, performing what can only be described as a full-body reset. The other leans into the stacked sacks, fast asleep in a posture that suggests sh...

May 17 , 2026


SHINE VS GRIND

In the place where once stood a building owned by the Ethiopian Shipping & Logistics, echoes of nostalgia linger yet, the company's symbolic, elevated, glass-fronted tower topped with a distinctive circular crown reaches toward a blue sky. Yet at its base, hidden behind a bright green metal fence painted with scenes of trees and wildlife, lies the gritty reality of transformation.This captures...

May 17 , 2026