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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


ETHIOPIANS TO VOTE UNDER THE SHADOW OF A FOREGONE OUTCOME


The international presence at Monday's polls marks a historic low. The European Union, whose monitoring missions historically shaped global perspectives on Ethiopian politics, has deployed no observers. The current footprint is strictly limited to re...

May 31 , 2026


Fortune News

New Customs Directive Seeks to Remove Export Uncertainty

The Ethiopian Customs Commission (ECC) has introduced a legally binding advance ruling system for determining the rules of origin of export goods, a move aimed at streamlining customs procedures and a...

May 31 , 2026

News Analysis

Tsehay Bank’s Expansion Leaves Profits in the Shade

Tsehay Bank closed its last financial year with the profile of a young lender that had learned to grow but not yet to make growth pay. Its operating income exceeded one billion Birr, up by 33.7pc. ...

May 31 , 2026

Money Market Watch

The Birr Looks Calm, But Banks Fight Over Dollars

The Birr (Brewed Buck) ended May's final week quietly. It barely shifted against the dollar last week. Yet daily cash-rate told a more unsettled story about banks no longer speaking with one voice. ...

May 31 , 2026


Latest Updates

Sandford School Faces Legal Setback as Court Rejects 'Fee Harmonisation' Claim

The Federal High Court's Arada Division has ruled that Sandford International School's (SIS) tuition...

May 31 , 2026


Africa’s Financial “Spaghetti Bowl” Meets Its Would-Be Untanglers

Brazzaville - Congo Few institutional metaphors are less flattering than the “spaghetti bowl....

May 28 , 2026








Agenda

Ethiopians to Vote Under the Shadow of a Foregone Outcome

Kassahun Follo's plan to keep an eye on the national polls set for Monday, June 1, 2026, ended before the vote began. The Confederation of Ethiopian Trade Unions (CETU), which he leads as the country's national trade union platform, had been accre...

May 31 , 2026


When Bread Becomes Too Costly for Breakfast

For Helen Mekonnen, 45, bread has become the measure of how far a household income can stretch in Addis Abeba. In the neighbourhood near Bulgaria St. Michael, o...

May 23 , 2026


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...

May 17 , 2026







Editorial

Mistaking Development Theatre for Public Trust Has a Cost

Tomorrow, millions of Ethiopians are expected to vote in the seventh national elections. According to the national electoral agency, more than 50 million voters are registered. Yet the poll may be the strangest since the constitutional order began in...

May 30 , 2026


Tax Push Tests How Much Pain Taxpayers Can Bear

An International Monetary Fund (IMF) team has spent weeks in Addis Abeba conducting the fifth review of the macroeconomic reform programme it backs in Ethiopia. Its checklist would be familiar and hard. Its experts demand to see a fuller floating of the Bir...

May 23 , 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

Capital Market Opens Before Investors Get Ready

For a country that spent decades without a capital market, the emergence of a trading platform for intangible values should be more than another economic policy reform. It marks the start of a cultural shift, one that asks citizens to think differently about savings, risk and opportunity. The launch of the Ethiopian Securities Exchange (ESX) last year has stirred excitement across the business...

May 31 , 2026


As Savers Gain Choices, Banks Face a Quiet Reckoning

As the capital market moves past its initial stage, a more important change is likely underway within the financial system. It is not being led by speculation, a sudden taste for risk or a rush into new products. It is being led by households slowly gaining mo...

May 30 , 2026

Formally Open But Practically Stalled Court-rooms

A recent circular issued by the President of the Federal Supreme Court requiring court proceedings to be conducted in open hearings has sparked a consequential debate over judicial openness. Few principles are more central to fair justice than the public chara...

May 23 , 2026


My Opinion

A Cold Shower for the AI Mania

Artificial Intelligence (AI) tools will undoubtedly transform the nature of work. Large language models can already generate referee reports on my own research papers that rival those by human referees. Unlike humans, who are always pressed for time, an LLM “knows” or can access much more of the literature in an instant, and often exhibits fewer biases. AI points out my analytical weaknesse...

May 30 , 2026


Global Water Cycle Critical Shared Infrastructure

The global water cycle is our planet's life-support system. It is a powerful environmental pump, with forests transpiring moisture and replenishing giant atmospheric rivers of freshwater. It is also a global thermostat, regulating the climate through evapor...

May 23 , 2026

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, cre...

May 16 , 2026






Featured

Addis Abeba Pours a New Story in Every Cup, Where Tradition Meets Global Influence

Customers settle into a carefully curated space of dark wood, black accents, muted green furnishings, and striking wall art that brightens the cafe's earthy palette. Behind the counter, baristas move with quiet precision, transforming coffee preparation into performance. At a table inside Yoya Coffee's Qera branch, Yedidya Getahun watches as a barista pours hot water over freshly ground coffee in a slow, hypnotic spiral. The brewing method, known as V60, has become one of the defining symbols...

May 31 , 2026


Commentaries

The Political Class Bet on Mega-projects, Pushed State Banks to the Brink

Ethiopia's developmental state experiment was less a model of economic discipline than a response to political necessity. It offered public goods, from roads, dams, and railways to factories, as substitutes for legitimacy. Public infrastructure became the language of power. Feasibility studies, institutional checks and financial prudence often gave way to speed, symbolism and political command. The promise was as straightforward as growth buys time, and visible projects would soften popular d...

May 30 , 2026


News Analysis

Tsehay Bank’s Expansion Leaves Profits in the Shade

Tsehay Bank closed its last financial year with the profile of a young lender that had learned to grow but not yet to make growth pay. Its operating income exceeded one billion Birr, up by 33.7pc. The Bank ended the year with a wider loss, weaker equity and a cost structure that strained against its income. The gap was becoming visible, as its assets reached 8.38 billion Br by June 2025, up by 35.6pc from a year earlier. Cash and cash equivalents nearly doubled to 1.98 billion Br, while debt...

May 31 , 2026


Delicate Number

23

The percentage of merchandise trade in Africa intermediated by banks on the continent in the four years beginning 2020, down from 40pc between 2011 and 2019. Ethiopia’s 2024 merchandise imports totalled 16.77 billion dollars, about 4.6 times its exports that year. Exports of goods and services were 6.6pc of GDP and imports at 14pc, revealing how small and imbalanced the external trade base was relative to financing needs.

May 30 , 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

"We can't ignore that; we can't deny that."

Ervin Massinga, the United States ambassador to Ethiopia, posted a video on the Embassy's official social media account following his recent two-day visit to Bahir Dar in the Amhara Regional State. He said there has been a "lot of pain" in a region that has "gone through much."



View From Arada

In Addis Abeba, Comedy Finds Its Voice in What Others Fear to Say

I went to the show prepared to distrust it. I had never really been to a stand-up comedy show, at least not in the way people mean when they speak of a room, a microphone...

May 30 , 2026




Sunday With Eden

When Ordinary Lives Rewrite Poverty

There are moments in life that leave people changed forever. A few days ago, I attended a conference at a religious institution I regularly attend, which became one of those unforgettable moments. The conference focused on poverty, human dignity, and the responsibility each person carries toward the poor. It was not filled with empty speeches or polished promises. It was deeply emotional, bringing...

May 30 , 2026


A Ball, A Father, A Life-time of Memory

Football was never merely a game in our household. It was ritual, language and affection woven into everyday life. While other families gathered around television dramas or weekend films, our home moved according to football fixtures, league tables and post-ma...

May 23 , 2026

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 misund...

May 16 , 2026


Life Matters

Beyond the Scoreline, How Foreign Football Becomes Local Identity

The recent celebrations in Addis Abeba following Arsenal's success were, to put it bluntly, hard to watch. While I acknowledge that fans who have waited over twenty years for a title feel a deep sense of loyalty, the sheer scale of the reaction, the street-filling intensity, the deafening noise, and the emotional obsession are completely disproportionate to the actual reality of our lives. Watchin...

May 30 , 2026


When Problem-Solving Fails Because the Shape Looks Different

We like to think of ourselves as pattern-recognition machines. From the moment the day begins until sleep finally settles in, the brain keeps scanning the environment, sorting information, and predicting outcomes based on what it has encountered before. People...

May 23 , 2026

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...

May 16 , 2026





Radar

Billion-Dollar Bond Talks Hit a Wall

Negotiations between Ethiopia's Ministry of Finance and an Ad Hoc Committee of international bondholders over restructuring the country's one-billion-dollar Eurobond reached a deadlock on May 27, 2026, following three weeks of restricted discussions. Bondholders rejected a revised proposal for the 6.625pc Notes due in 2024, which included a 12pc principal haircut, a 6.15pc interest rate, and a...

May 31 , 2026


Parliament Receives $237m Development Loan Package

The Council of Ministers forwarded two concessional loan agreements totalling 237.3 million dollars to Parliament for ratification, targeting rural infrastructure and food security. The package includes 46.3 million dollars from the African Development Bank (AfDB) for climate-resilient infrastructure in pastoralist regions. A second credit facility of 191 million dollars (146.1 million SDR) from t...

May 31 , 2026

In Picture

VEST WAIT

Revenues Bureau personnel, identifiable in branded vests and body cameras, stand in a dense commuter queue at the Qera taxi terminal. Their roles are rooted in field enforcement and policing the informal economy, yet their off-duty reality looks no different from the citizens they regulate. The capital's strained public transport system turns routine commuting into a shared struggle, where muni...

May 31 , 2026


DIG ZONE

A fleet of heavy-duty excavators, bulldozers, and dump trucks lines the muddy banks of a river near the German Square area. The concentrated presence of machinery signals the scale and speed driving the city's Corridor Development Program. The aggressive infrastructure push is reshaping the capital's urban form, but the intensity of earthworks at the river's edge also exposes a fragile tension...

May 31 , 2026