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Nov 16 , 2024 . By KALKIDAN NEGASH

Independent Forex Bureaus Offer Valued Choice

Waktole Abdulahi, a long-time resident of Norway, was relieved when he was able to secure 260 dollars at one of Addis Abeba's newly opened independent forex bureaus. For his travels and securing a yellow card, the timing was urgent. "Such small amount was hard to come by previously," he said. ...

Oct 27 , 2024 . By BEZAWIT HULUAGER

Fire Engulfs Mercato, Exposes City's Safety Flaws

A former teacher, Tesfaye, has lost two out of his three shops during a fire breakout last week. His sister was managing one of the shops while their family's livelihood depended on it. He had seen the extent of the damage four days later and did not process it fully. “I don't think I'm sane,” he told Fortune. Tesfaye, in his late 30s, is in shock. He carried a bunch of onions in a black plastic bag as he waited for the shareholders of the damaged building to start a meeting. It took too long and Tesfaye could not bear to stay for another minute. “I better go home and chop up my onion...


Oct 6 , 2024 . By HAWI LEGESSE

Beyond Borders Ethiopians' Journey to Healing

Nine months ago, Worku Hailu found himself in India, thousands of kilometres from home, undergoing a kidney transplant. After learning that the procedure wasn't available in Ethiopia, he had to take matters into his own hands. “My doctors at Paulos Hospital helped me communicate with Apollo Hospital in India, and they accepted my request. I went with my two nieces, completely footing the bill from our own pockets.” What was supposed to cost 15,500 dollars ended up being much more expensive. The four-hour surgery wasn't the hardest part, though. “I had a breathing problem afterward, an...


Sep 29 , 2024 . By BEZAWIT HULUAGER

EV Market Shifting Terrain

Getachew Dinku, a university professor, was surprised by the significant increase in import taxes and duties when he recently imported an electric vehicle. The devaluation of the Birr and new VAT regulations caused duties and tax costs to skyrocket from an estimated 470,000 Br to over two million Br. "It was unexpectedly high,' he said, claiming that VAT alone had doubled his tax requirements to 935,000 Br. He also criticized customs officials for overvaluing imported goods to prevent under-invoicing. His vehicle reached Gelan Dry Port after staying for four months in Djibouti as there w...

Feature

Sep 9 , 2024

A Year of Musical Riches

The music scene has been particularly vibrant this year, with a diverse range of albums coming out one after the other. From chart-topping hits to critically acclaimed projects, the musicians are leve...

Sep 8 , 2024

Liquidity Squeeze, Faltering Remittances Cast Shadow Over Reform Ambitions

The start of the new year has injected a sense of optimism into the banking industry, driven by expectations of increased remittance inflows and the promise of reforms liberalising the foreign exchang...

Sep 8 , 2024

Podcasts Unleash Voices Taking Aim at Traditional Media Stranglehold

In a media space overwhelmed by polished interviews and scripted stories, Dejaf, a YouTube podcast created by Dawit Tesfaye, presents an engaging and refreshing alternative to its listeners. The show...

Sep 8 , 2024

Blueprints for Lasting Change

As the clock strikes midnight on new year's eve, many feel a surge of optimism, ready to turn the page on old habits and commit to new goals. It is a tradition rooted in the belief that the new year o...

Jun 22 , 2024

Blooming Against the Odds

Horticultural spaces unfold a few kilometres away from the capital into eastern Shoa, Oromia Regional State. Agroecology, with its long sunny days, plays a pivotal role in the flower industry, providi...

May 3 , 2024

MASTERING LIFE - MORE THAN LUCK

The feel-good life coaching industry would have people believe that success is not only about showing up in the swirling whirl of modern life, where essentials like health, shelter, and education twir...

May 4 , 2024

MASTERING LIFE - MORE THAN LUCK

The feel-good life coaching industry would have people believe that success is not only about showing up in the swirling whirl of modern life, where essentials like health, shelter, and educat...

May 3 , 2024

Hatching Balance Between Tradition, Progress

As the holidays get closer, chicken stew becomes the centrepiece of celebratory meals. Ethiopia's poultry industry simmers with a debate between indigenous breeds versus their imported counterparts. R...

Apr 6 , 2024

Central Ethiopia Rues: Welqite Town Parched for Relief

Welqite town in Central Ethiopia Regional State simmers with its 250,000 residents. There, the most precious commodity is not gold, but a simple jerrycan brimming with lifeblood—water. Rukiya Has...

Jan 19 , 2024

URBAN TUNE AND TURMOIL

The strains of city life reach a crescendo for Abel Tesfaye, 29, when a new grocery store near his home around the Yeshi Total area into chaos. The relentless music, blaring from 8:30 PM until midnigh...

Jan 13 , 2024

Curbside Flavours: From Food Joints to Coffee Corners

Ansar Guade, 26, found a unique way to make his way through higher education -selling his famous Falafel sandwiches. As a fourth-year management student and father, his entrepreneurial journey began t...

High Stakes of Betting on Hidden Costs

Usman Hamid, 22, used to spend his days hopping in and out of sports betting shops around the Bethel area. He enjoys soccer games and rarely switches to virtual number raffles. Although not formall...

Jan 7 , 2024

Festive Marketplace Frenzy Returns to Christmas Bazaars

The Christmas season shopping spree brought the lively spirit of the Exhibition Centre at Mesqel Square back, encapsulating the intersection of festivity and commerce. Safety was considered paramount...

Jan 7 , 2024

INDUSTRY DISRUPTORS: Africa's Business Mavericks

In the slums of Lagos, Nigeria, a little child named Fortune battled the grips of Malaria, trapped in the clutches of poverty that denied him access to crucial healthcare. His mother kept him at home...

Jan 7 , 2024

Marketing Evolution: The Brand Ambassadors Era

In the relentless pursuit of a brand ambassador that aligns with the core values of hard work, acumen and women empowerment, Neway Megersa, the founding President of Siinqee Bank, discovered the perfe...

Jan 7 , 2024

RISE OF THE MACHINES

The market analyst Samuel Simon has found himself a highly productive office assistant during the year. His new help works for free round the clock without a break and provides researched solutions to...


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Columns

Commentaries | Nov 23,2024

Construction Sector's Ambitious Skylines, Fragile Foundations Could Lead to a Costly Legacy

Life Matters | Nov 23,2024

Hunger With Ambitions to End It

My Opinion | Nov 23,2024

Blossoming Exports Caught Under Thorny Debates Over Land, Employment, Legacy

Sunday with Eden | Nov 23,2024

Beyond the Gates of Society's Neglect

Agenda | Nov 24,2024

Mercato's Taxing Transformation Tests Tax Authorities

Editorial | Nov 23,2024

During Taxing Times, Tax Hunt Tests the Limits of an Unsteady Economy


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During Taxing Times, Tax Hunt Tests the Limits of an Unsteady Economy

The fiscal puzzle deepens as the Council of Ministers approved a supplementary budget of ...

Editorial | Nov 23 , 2024

Independent Forex Bureaus Offer Valued Choice

Waktole Abdulahi, a long-time resident of Norway, was relieved when he was able to secure...

Featured | Nov 16 , 2024 . By KALKIDAN NEGASH

Mercato's Taxing Transformation Tests Tax Authorities

Business owners in Mercato, the largest open market, were left stunned by a sudden gridloc...

Agenda | Nov 24 , 2024 . By AKSAH ITALO

TAXING TIMES AT MERCATO

Business owners in Mercato were reeling from a crackdown on tax compliance that has disrup...

Fortune News | Nov 24 , 2024

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