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CAR DILEMMA Missing the Combustion Go Electric


The nostalgia for the combustible engine, with the noise and smell of burned fossil fuel, will stay for a while. But the dilemma of buying an electric car in the current transportation ecosystem is a decision many people are grappling with...

Dec 3 , 2022


Fortune News

Industrial Park Corp Executives Shun Private Park Under Development

A self-proclaimed industrial park alias "Hawassa Textile & Industrial Park" cannot enjoy the incentive packages available for other state-owned parks, even after completing half the construction w...

Dec 4 , 2022

Fortune News

Awash Bank Claims Further Heights Aspiring $1b Capital

Awash Bank shareholders voted to boost the paid-up capital to 55 billion Br in the next four years, a one billion dollars threshold in the current exchange rate. Achieving such height will make the fi...

Fortune News

Tikur Anbesa Hospital Expansion Project on the Rocks

The expansion project under the country's largest referral hospital runs aground due to the lack of preparation on land occupancy. The management of Tikur Anbessa Hospital has been planning to expa...

Dec 4 , 2022


Latest Updates

Telecom, CNET Joined Hands to Add New Telebirr Payment

Telebirr users will receive a digital payment system that integrates a dynamic QR Code, simplifying...

Dec 4 , 2022


Transport Bill Enrages Bajaj Drivers in Addis Abeba, Adama Town

Third-wheeled vehicles, locally referred to as 'Bajaj', will soon be banished from main roads if off...

Dec 4 , 2022








Agenda

Car Dilemma to Go Electric: Missing the Combustion

Brook Asegid is a car importer who has brought over 10 electric vehicles (EVs) in the last two years. He intends to bring only electric-powered cars henceforth. Brook noticed the demand for electric Volkswagens - ID4 and ID6 editions - going for a...

Dec 4 , 2022


Truculent Foreign Banks, Fragile Industry, Bullish Central Bank

Zemedeneh Negatu, an investment consultant, had his team approached by boards of directors and senior executives of 10 private banks a few months ago. For two d...

Nov 27 , 2022


Tramadol: Narcotics Clouding a Generation

The 17-year-old student sat on the chair wearing an oversized black hoodie that swallowed his stature. He was in the Principal's office with a bruised face and...

Nov 19 , 2022







Editorial

Survival Upstaging Moral, Societal Values

Last week saw enraged university lecturers' threatening to stage a strike. They addressed their complaints to Parliament and the Ministry of Education, bitterly complaining about the rising cost of living they find unbearable. Financial woes make the...

Dec 4 , 2022


To Liberalize Finance Holy, Regulating It Is Divine

In the wake of the liberalization of the telecom sector, Ethiopian authorities have made a milestone move opening the door for foreign capital to enter the financial sector. In effect, people talk more about the prospect of foreign banks joining the domestic f...

Nov 26 , 2022

Restore Faith in Constitutional Institutions to Achieve Social Cohesion

The rounds of talks to end wars in Ethiopia held in Pretoria, South Africa, and Nairobi, Kenya, have outcomes exceeding the expectations of many, from naysayers to pundits and from mediators to the negotiators themselves. A formal ceasefire was agreed, hopeful...

Nov 19 , 2022







Exclusive Interview

Towards a Progressive Economic Agenda

Project Syndicate: From the start of your recent book, Mission Economy: A Moonshot Guide to Changing Capitalism - you argue that changing capitalism will require us to overhaul “how government is structured,” “how business is run,” and “how public and private organizations interrelate.”...

Oct 30 , 2022


Capturing the "Missing Middle"

What makes the lab innovative? And a laboratory? Who selected the advisory board, and how can companies become eligible to get support from the lab? Our Managing Editor, Tamrat G. Giorgis, sat with Gizachew and Zafar to pick up their thoughts. Gizachew Sisa...

Oct 15 , 2022

SAYAT OFF A STAGE

Fortune: Which holiday do you like most? Sayat: I love all holidays. There is none to pick out. The thing I love about holidays is, on that specific day, you do not see anyone starved or teary. I love our culture when it comes to holidays. You share meals t...

Sep 10 , 2022







Viewpoint

Addis Abeba's Tech-Science Museum Inspires Africa for Smart Living

With the recent inauguration of the science museum in the capital, Ethiopians are showing their aspiration for scientific and technological development in the digital era. The Science & Technology Museum (STM) can be essential in directing the younger generations residing in Ethiopia and Africa, comprising 70pc of the population. It could also inspire other African countries to build digital s...

Dec 4 , 2022


Keeping the Momentum Amidst Self Sufficiency Paradox

For decades, Ethiopia has been in a vicious spiral of challenges that test food security, such as drought, internal conflicts, and an economy in upheaval. In the late 1990s, I remembered a BBC news story about Ethiopia exporting maize to Kenya, which surpri...

Dec 4 , 2022

World Cup Dimensions to Inspire the Economy

For most of my professional career, I explored the links between the beautiful game and the global economy. At Goldman Sachs and, before that, at the Swiss Bank Corporation, I indulged my dual obsessions by presiding over special one-off publications for each...

Nov 26 , 2022


My Opinion

Salary Increment to Enhance Teachers' Productivity

The founder of the Addis Abeba University, Emperor Haile Selassie, tried to modernise education during his reign. Designed to meet the west's standard, the facility kept a firm hold over what happened inside the compound. Its leaders went to the extent of censuring the first student newspapers. The tight censorship of thoughts and actions might have been one of the symbolic factors that frustra...

Dec 4 , 2022


Trending Rule of Law to Shape a Better Attitude

Rule by law and the rule of law are mutually exclusive terms. Using them synonymously is getting blurred in our society. Defining the terms is one thing but labelling the community against their will is another. A society that abides by the rule of law require...

Nov 26 , 2022

Silence Limits Critical Thinking

People tend to pick sides by reckoning the climate. Popular opinions get sanctioned by the majority, while those with views outside the box face risk of isolation. In theory, popular opinion can be publicly voiced without fear of sanctions. Individuals push...

Nov 19 , 2022






Featured

UNCLOTTING CITY ONE STROKE AT A TIME

A tarmac road on the hill from the CMC roundabout to the Wossen roundabout displays a giant blue and red neon sign. The Axon Stroke & Spine Center is bound by the American Medical and Samaritan Surgical Centers, sister companies providing inpatient and outpatient medical and surgical speciality services. The two-storey chained premises give off a complete medical centre vibe. Outpatients and attendants were scattered in the waiting area while some stretched their legs with support. Docto...

Nov 12 , 2022


Commentaries

Whole Grain: Solution for Global Food Insecurity

The world is facing a global food crisis like none other time, with food prices at historic highs, supply chains disrupted by war and disease, and climate change threatening harvests in all geographies. Global food insecurity is rapidly rising, and hunger pushes one child every minute into severe malnutrition. Up to 828 million people were affected by hunger two years ago. In refined form, 60pc of the global calories come from the big three grains - wheat, maize and rice. The processing of th...

Dec 4 , 2022


News Analysis

Fed Seals Costly Fertiliser Deal, Demand Remains Unmet

An Abu Dhabi-based firm has agreed to supply half a million tonnes of urea to Ethiopia following months of negotiations between federal authorities and executives of FertiGlobe. It was a delicate process for both sides. The authorities had contracted FertiGlobe six months ago to supply Ethiopia with a half million tonnes of fertiliser at 710 dollars a tonne. However, the company terminated its contract claiming rising prices in the global market that jumped to 1,000 dollars in the early weeks...


Delicate Number

12

total capital of insurance companies in Birr, at the end of the third quarter of 2021/22, increased by 18pc from last year, according to the National Bank of Ethiopia (NBE).

Dec 4 , 2022


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

“Door is open.”

Mesfin Araya (Prof.), the chief of the Ethiopian National Dialogue Commission, told Parliamentarians on Tuesday, November 29, affirming the Commission's willingness to include "armed forces" in the national dialogue provided they put lay arms down.






Fortune Video




Sunday With Eden

Amid Talent Dearth, Investment Promotion Falters

I received a call from my foreign national friend who wanted me to accompany him to the office of the Investment Commission on Africa Avenue (Bole Road). He wanted me to be the intermediary while interacting with the staff members. Such calls were no stranger to me; I have done the same several times. The Commission's staff had no issues with his conduct, but something else was missing. I sa...

Nov 26 , 2022


Amid Talent Dearth, Investment Promotion Falters

I received a call from my foreign national friend who wanted me to accompany him to the office of the Investment Commission on Africa Avenue (Bole Road). He wanted me to be the intermediary while interacting with the staff members. Such calls were no stranger...

Nov 26 , 2022

No Pain No Gain: Hard Work Pays Off

I received a book copy the other week that is yet to be released. It is a biography authored by the noted politician Andualem Arage and titled “Yaltenebebew Anbabi”. It is a story of an entrepreneur I longed to meet, Negash Balcha. He was a man of a...

Nov 19 , 2022


Life Matters

The Contented Life

What are the odds of seeing a housemaid who loves the job dearly and wakes up every morning to do the chores with excitement? Well, this maid inspired the story. Over the past two months, I got to know a young lady, probably in her 20s, who has been living with my neighbour. I had the chance to observe her behaviour. I had never seen anyone who takes joy in doing chores. She does everything...

Dec 4 , 2022


Uncalled Judgment Exposes a Materialist Society

It is difficult to find a society void of stereotypes. The level and how much those people subjected to it have tolerated it vary. But nothing beats the stereotype against women. Women are judged by the things they do. The worst one is the judgement that li...

Nov 26 , 2022

At the Gate, Power Misused

I experienced power abuse in the company where I work part-time. After showing my identification card to the security personnel, I entered the vicinity and went down the hallway to the office. After some time, near the end of my shift, I had to go to the ba...

Nov 19 , 2022





Radar

Internet Forum in the Capital Talks Access, Misinformation

Thousands of delegates from around the world and digital experts from the private sector descended in the capital last week to set out steps for leveraging the power of the Internet while addressing risks brought by boundary-less communications infrastructure. Prime Minister Abiy Ahmed (PhD) said that Ethiopia is pleased to host this year's forum breaking the continent's “curse” after more...

Dec 4 , 2022


BLOOM-MELON

Addis Abeba strives to be a city of distinction with a glamorous look. But lately, most parts of the city are overwhelmed by informal street vendors. Underneath the bridge around La Gare, commonly known as Lagahar, a street vendor sells pieces of watermelon from a mobile pushcart. Watermelon is a flowering plant species with more than 1,000 varieties worldwide. It lowers high blood pressure and ch...

Dec 4 , 2022

In Picture

Coffee Train

Tomoca Coffee has opened another outlet inside the La Gare Train Station and is converting an old train car into a café. Open in 1917, the train station is one of the attractions of the city. It will now be part of the La Gare Eagle Hills Project. The removal of the historical Buffet De La Gare inside the train station following the start of the construction had led to an outcry...

Mar 14 , 2021


NEW MESQEL SQUARE

A construction crew, equipment and materials still obscure the progress of the Mesqel Square project. Nonetheless, the fencing that once enveloped the construction site has largely been removed, and the crescent-shaped steps have been installed. Costing 2.5 billion Br, the project is one of many that attempt to rehabilitate parks, public spaces and rivers of Addis Abeba...

Feb 13 , 2021