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Dec 22 , 2024 . By AKSAH ITALO

Fuel Supply Halts as Parallel Market, EV Push Leave Regions, Investors in the Lurch

Africa Oil Plc has five of its stations denied fuel supply by the Ethiopian Petroleum Supply Enterprise (EPSE). The company had requested over a million litres of fuel, but its requests have been unfulfilled. The four-year-old company has 42 new stations under construction with five completed at...

Dec 15 , 2024 . By BEZAWIT HULUAGER

Shackled by Poverty, Employees Battle for Survival

A 23-year-old woman (name withheld to protect identity) has been working at a garment factory at the Adama Industrial Park, for the past six years. She describes her work as feeling more like "slavery" than a job. Starting at 850 Br, her salary has only increased by 100 Br annually. To save the 20 Br daily transport fee provided by the company, she has to endure an hour's walk to work every day. She carries the weight of debt from a nearby kiosk but has not dared to ask how much she owes. Earning a meagre 1,500 Br a month, basic expenses such as shelter are barely met, leaving nothing for...


Dec 8 , 2024 . By BEZAWIT HULUAGER

National ID Footprint Stumbles Over Limited Acceptance, Printing Quality

Dawit Arega, a tourist guide for 14 years, has encountered difficulties with his National Identification. Enrolling in the initiative when it launched in September 2022, he hoped it would simplify professional and personal transactions. However, the implementation has proven far from seamless for him. The six-month delay in receiving his ID compounded his frustration. After voicing his dissatisfaction on social media, Dawit said the institution intervened, printing his ID at the Ethio Post branch. Then came issues with the unscannable QR codes on his printed card. He remains concerned abo...


Dec 1 , 2024 . By AKSAH ITALO

Government Reforms Battle Market Forces on Cement Industry Control

On the outskirts of Addis Abeba lies the subdued Qaliti cement market with retailers like Tsigereda Eshetu gazing for customers that may be interested in their products. The price for a quintal of cement has sharply dropped by 27pc to 1,700 Br. Over the past two weeks, demand has remained neutral. Tsigereda, who sources her stock from Dangote and Habesha factories, hopes for a turnaround. “Buyers will come,” she said. "Perhaps when the market stabilises further." For Yigerem Tewodros, another retailer, the issue lies deeper. He blames the outsized role of middlemen and brokers in infl...

Agenda

Nov 24 , 2024

Mercato's Taxing Transformation Tests Tax Authorities

Business owners in Mercato, the largest open market, were left stunned by a sudden gridlock following a consequential decision by authorities to tighten tax administration in the economic hub. The mov...

Nov 16 , 2024

Perfect Storm of Climate, Health, Supply Chain Issues Trigger Resurgent Malaria

Malaria is no stranger to Ethiopia. Every year, the disease poses a public health issue, especially in rural regions where the majority of the population lives in areas conducive to mosquito breeding...

Nov 9 , 2024

Blackouts Plague Residents as Aging Grid Fails to Deliver

Dagmawit Yilma, a mother of three young boys, knows the struggle of Ethiopia's energy crisis all too well. Simple tasks like making breakfast and preparing school lunches have become a daily ordeal th...

Nov 3 , 2024

Schools Disrupted, Dams at Risk

A calm Monday morning on October 7, 2024, took a turn for residents of southern Afar Regional State. An earthquake that rattled the campus caused widespread chaos and fear for students at Sabure Prima...

Oct 27 , 2024

Infrastructure Woes Derail Hosting Football Dream

Ethiopia's football scene is undergoing a transformative period, marked by ambitious aspirations and pressing issues. The country's dream of hosting the 2029 Africa Cup of Nations (AFCON) has ignited...

Oct 20 , 2024

New Bill Breaks Real Estate Brick Walls

Sixty-year-old Alemnesh Nigussu had a dream—to secure three apartments for her children. With a considerable sum of 4.5 million Br, she invested in Purpose Black, a relatively new real estate compan...

Oct 13 , 2024

Coffee Exporters Left Steaming as Central Bank's Forex Grind Brews Trouble

A recent directive is roiling the coffee industry, following the Central Bank's requirement that exporters convert half of their foreign exchange earnings into local currency within 30 days. Exporters...

Oct 6 , 2024

Addis Abeba University's Autonomy Shuts the Door on Brightest Minds

For as long as he could remember, 18-year-old Menase Samuel had dreamed of studying software engineering at Addis Abeba University (AAU). Like many of his peers, he saw AAU as the pinnacle of higher e...

Sep 28 , 2024

Inflation, Insecurity Leave the Tourism Industry Smouldering

For 43-year-old Alemnesh Neri, travels to her hometown of Gumer in central Ethiopia have long been a cherished tradition. Twice annually for the past 22 years, she would make the trip from Addis Abeba...

Sep 22 , 2024

Legacy Businesses Face Succession Struggles, Market Shifts

Heleanna Georgalis never anticipated that she would become the fourth-generation proprietor of Moplaco Trading Plc, a venerable coffee trading company founded in 1897 during Emperor Menelik's reign. B...

Sep 14 , 2024

Holiday Market Dampened by Rising Food Prices

Atkilt Tera, located in the Haile Garment neighbourhood, has not seen its usual activity. The vibrant market stalls for vegetables now stand largely empty, and the scarcity of onions, in particular, h...

Sep 8 , 2024

Online Market Thrives During Festive Season

Mekdes Endale's business journey began after her return from Dubai, where she lived for two and a half years. Like many businesses born out of necessity, she launched Mekdi Surprise & Delivery to...

Sep 1 , 2024

Public Hospitals' Drug Shortages Reveal Deep-Rooted Budget Issues

An attendant at Minelik II Referral Hospital, Kindu Berihun was shocked by the cost of surgery needed for his relative. The patient, a 28-year-old bartender was rushed to the hospital last week due to...

Aug 25 , 2024

University Lecturers Grieve for Reform Amid Pay Disparities, Professional Struggles Chronicles

For Nega Gudetaa, a hydraulics lecturer at Mizan Tepi University in South West Regional State, becoming a researcher was a lifelong dream. He graduated with honours, yet the reality of his career has...

Aug 18 , 2024

Rising Costs, Inflation Threaten Insurance Industry

Although predictable Yonas Zerihun's job in the ride-hailing service is not immune to accidents. For two years, his insurance company had reliably covered his claims, but a recent visit to the insurer...

Aug 11 , 2024

Substandard Drugs, Fractured Pharma Market: Bitter Pills Patients Swallow

On a rainy afternoon, Almaz Teshome, draped in yellow and black, walked through the 8th-floor hallway of Tikur Anbessa Specialized Hospital (TASH). She had just visited her 30-year-old son, newly diag...


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Columns

Commentaries | Dec 22,2024

Fossil Fuels Arent Going Anywhere Despite Great Energy Transition Myth

Life Matters | Dec 21,2024

Inadequate Regulation Leaves Tenants Vulnerable to Arbitrary Rental Hikes

My Opinion | Dec 21,2024

Universal Human Rights Should Prevail Over Sovereignty's Fragile Facade

Sunday with Eden | Dec 21,2024

Overcoming Emotional Impulses in Decision-Making

Agenda | Dec 22,2024

Fuel Supply Halts as Parallel Market, EV Push Leave Regions, Investors in the Lurch

Editorial | Dec 21,2024

Addis Abeba's Gleaming Facade Masks a Parched Metropolis


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Addis Abeba's Gleaming Facade Masks a Parched Metropolis

The main avenues and thoroughfares of Addis Abeba have undergone an impressive facelift th...

Editorial | Dec 21 , 2024

E-bikes' Flat Tyre Seeks Authorities' Goodwill

For Netey Tesfaye, an electric bike offered a chance at a decent living, delivering goods...

Featured | Dec 15 , 2024 . By KALKIDAN NEGASH

Fuel Supply Halts as Parallel Market, EV Push Leave Regions, Investors in the Lurch

Africa Oil Plc has five of its stations denied fuel supply by the Ethiopian Petroleum Supp...

Agenda | Dec 22 , 2024 . By AKSAH ITALO

Banks Scramble to Reopen After Harer City Shuts Over Forty Branches

The Harer city administration has shut down 43 bank branches, including those of Commercia...

Fortune News | Dec 22 , 2024 . By AKSAH ITALO