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Addis Abeba University Reclaims Financial, Operational Autonomy


Federal authorities approved submissions by the Addis Abeba University (AAU) administrators to reclaim financial and operational autonomy three years after they tabled their demands. Under President Tassew Woldehanna (Prof.), the country’s oldes...

August 14 , 2022


Fortune News

Gov't Introduces Social Welfare Tax as Budget Deficit Widens

The federal government is imposing a new tax, hoping to generate an additional 22 billion Br this year. Dubbed “social welfare levy”, the tax will apply to importers, who will pay three percent...

August 13 , 2022

Fortune News

Authorities About-faced on Fruit, Vegetable Export Threshold Prices

Agricultural authorities have backpedalled on a decision to raise the minimum price threshold for horticultural products exported to Djibouti nearly fivefold. It is the second trade policy reversal...

August 15 , 2022

Fortune News

Fed Begins Designating License Plates for Duty-Free Disability Imports

Transport authorities have introduced unique license plates to vehicles owned by individuals with disabilities following allegations of misuse of duty-free import privileges. Dagmawit Moges, minist...

August 13 , 2022


Latest Updates

Public Transport Enterprise Going National Amid Unabated Commuter Crisis in Capital

The chief of Public Service Transport Enterprise seems upbeat about expanding operations outside of...

August 13 , 2022


Tea Out-Growers' Income Jumps by Quarter in MIDROC Agri Pay Feud

Ethiopia’s largest commercial tea estate raised prices for out-growers a quarter following a visit...

August 13 , 2022








Agenda

Agenda: Domestic Smartphone Assemblers Dial it In

The roads leading to Megenagna were crowded and hectic as ever. Street vendors selling a flurry of consumer goods such as clothes and shoes were an inconvenience for the innumerable pedestrians attempting to circumvent the busy streets to reach where...

August 14 , 2022


Deluge & Disaster

It is one of the seven rivers that flow across Addis Ababa, snaking its way down from the hills of Yeka to a new neighbourhood on the outskirts of the capital ...

August 6 , 2022


Electric Cars Turn Heads as Fuel Costs Climb

The seats and ambience inside are expectedly comfortable, with typically clean minimalist touches. The cabin feels eerily silent, free from the roaring sounds o...

July 30 , 2022







Editorial

National Dialogue! What National Dialogue?

The call for lofty ideals such as national dialogue and consensus has been as old as Ethiopia’s ingrate revolution. It may mean different things for various groups as successive regimes danced around the multiple elements of the concept. But they t...

August 14 , 2022


Finance to the Tiller! Plebiscite on the Land Question

Few initiatives by the administration of Prime Minister Abiy Ahmed (PhD) have been publicised as aggressively as self-sufficiency in agriculture production. To be precise, it is about scaling up wheat farming. With an ambitious stroke, Minister Umer Hussien an...

August 6 , 2022

What Do New Banks Offer Their Older Cousins Don't?

Ethiopia’s banking industry is not merely underdeveloped. It has historically regressed. Calls for the financial sector to open for international capital, technology, network and skill remain dwarfed in the face of nationalistic disguise to shelter it from f...

July 30 , 2022







Exclusive Interview

Focus on Migrants, Families, UN Remittance Head Urges

Fortune: - The remittance inflow to Ethiopia is around three, four billion dollars? This is against a population of a 100 million, and an annual GDP of 100 billion dollars. How do you see this in comparison with other countries at a similar level of economic development? Amil: Remittances are a c...

April 22 , 2022


AfDB Boss 'Cautiously Optimistic' about Africa

For the first time in two years, an African Union summit was held in Addis Abeba earlier this month. On the agenda were COVID-19, political instability and debt sustainability. One of the attendants was Akinwumi Adesina, president of the African Development Ba...

February 12 , 2022

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 a...

January 22 , 2022







Viewpoint

Professional Associations Measured in Units of Alignment to Public Values

Public sector professionals operate under unique political and legal obligations, with greater public scrutiny of their actions and a duty to address public problems. So it could be impossible for them to bring this sense of public services responsibility into their roles as members with respect to their professional association. Definitions of professions usually contain two attributes in part...

August 14 , 2022


Envisaging an African Green Economy

As the global economy undergoes a fundamental transformation to decarbonise by 2050, the question for Africa is whether it can industrialise and rapidly develop without fossil fuels. The answer to that question is a resounding “yes,” provided the internati...

August 13 , 2022

Social Research into Urbanites Leaves Much to be Desired

Social research and advocacy are common practices these days. Almost every country in the world undertakes social research to implement change. In 2022, the top four countries conducting social research are the United States, United Kingdom, Australia and Cana...

August 6 , 2022


My Opinion

Cryptocurrency: There's Something There

No matter one’s predilections against cryptocurrency, it is hard not to appreciate their innovativeness and chutzpah. Of course, the hold of fiat currencies was meant to be challenged at some point. The world went from a barter system and trading in grains to silver and gold coins. Cash, underwritten by the state's power, could not be the mainstay forever. Cryptocurrencies introduce a few nov...

August 13 , 2022


The Hollow Mantra of Protectionism

Talking to people, it is hard not to be surprised at the level of misunderstanding about the economy, what drives it and how solutions could be arrived at with existing resources. Take debates about opening up the economy. The discourse is being had by anybody...

August 6 , 2022

The Shareholder Base Spectrum: Amhara Bank Vs Tsehay

It seems that there is a new bank opening its doors every week. The latest was Tsehay Bank, which commenced its operations with a ceremony as its headquarters last week. A week before that was Ahadu Bank, and Amhara Bank about a month earlier. Over the past ye...

July 30 , 2022






Featured

Marks to Erase: Tattoo Removal Business Booms

The traditional tattoos in the shape of a cross on her chin and forehead tell a story. It is not much of a leap to guess from the intricate markings that Feleku Kassa, 29, was raised in rural Ethiopia. She was sitting in a medical recliner, wearing a rather uncomfortable expression, as she listened to a nurse, Selam Hailemichael. Feleku was attentive, receiving an orientation about a treatment she would get that day. She was anxious about what would happen afterwards. The nurse was preparing...

July 9 , 2022


Commentaries

No Better Time for CSOs to Prove their Worth

Several human rights violations and abuses have occurred against civilians and properties in Ethiopia. Both state and non-state armed groups are allegedly committing mass killings, murder, mutilation, torture, cruel and inhumane treatments, kidnapping, destruction of property, intimidation and displacement. There is a need for the active engagement of civil society organisations (CSOs) to create accountability. The previous legal regime restricted CSOs from engaging in human rights, democracy...

August 13 , 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

8,500,000,000

excise tax revenues, in Birr, the government plans to collect from automobile imports this financial year, according to the Ministry of Finance.

August 13 , 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...

October 3 , 2020


Verbatim

Fred Okengo Matiang'I, a Kenyan cabinet secretary, challenged Kenyans to report from the Ethiopian capital to contrast it to press freedom in Nairobi.






Fortune Video




Sunday With Eden

Ageism: "Younger than Thee” Syndrome

I often meet many young people at conferences, restaurants, or family gatherings. Some are in their twenties; others are in their early thirties. Mostly, they both have some insecurity about their age. Listening to them sends a message that they are oversized toddlers. Those in their twenties consider themselves children, and those in their thirties desperately find someone to whom they can say, ...

August 13 , 2022


Success Intoxicates the Faint-hearted

A few months ago, my husband introduced me to a wealthy woman who had recently lost her husband of fifty-five years. She has several businesses and giant commercial buildings around the capital’s prime locations. But her house is filled only with the necessa...

August 6 , 2022

Repair but Not Compare: The 'Right' Marriages Say

Before tying the knot, my husband and I spent over a year in premarital counselling with several couples. We also read books about marriage, but nothing compared to the lifetime advice those couples walked us through. Knowing that so many things will be new to...

July 30 , 2022


Life Matters

When Depression's Just Apathy

Having studied psychology, I am fascinated by how our thoughts shape our lives. I am also interested in mental health and try my best to create awareness. So if I were to say mild depression is not real, people would say, “she is contradicting herself.” When I say depression is not real, it does not mean that people are not suffering from it. In fact, it is one of the leading causes of suic...

August 13 , 2022


Face the Rain Like Men

As the rainy season gets wetter, accompanied by heavier rain showers, it is not unusual to see folks with umbrellas. Little do they know that how we respond to rain defines our personality. People who stand and wait for the rain to pass are patient, reserved a...

August 6 , 2022

Street Vendors Deserve Dignity Too

I was getting off the taxi a week ago when I saw two law-enforcement officers holding what appeared to be a small box for charger cables and ID holders. In front of them was a street vendor pleading with them. He looked sad. Why would he not be? Imagine...

July 30 , 2022





Radar

UN Agencies, Gov't Appeal for $73m in Refugee Funding

The United Nations World Food Programme (WFP), the UN High Commissioner for Refugees (UNHCR), and the Refugees & Returnees Service are appealing for 73 million dollars in funding to provide food to over 750,000 refugees in Ethiopia. Funding shortfalls have already forced the WFP to cut rations for refugees residing in 22 camps and five sites in the Afar, Amhara, Benishangul-Gumuz, Gambella...

August 13 , 2022


HONOURING MEDIA

Media personalities gather on stage on the occasion of the inauguration of "Mezgebe Amero," a book that has the biography of 180 people in the media, at the National Theatre on August 5, 2022. Media personalities and their spouses were also honoured...

August 13 , 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...

March 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...

February 13 , 2021