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Sep 7 , 2025 . By NAHOM AYELE

Addis Abeba's Land Auction Spurs Bidding Frenzy During Affordability Concerns

Addis Abeba's sixth public land lease auctions after a five-year pause delivered mixed signals for the capital's volatile real estate market. While the highest land price plunged nearly 58pc from its previous peak, tumbling from 218,000 Br to 91,330 Br a square metre, the intensity of the bidding wa...

Sep 7 , 2025 . By BEZAWIT HULUAGER

Soverign Fund's Foray into Gold Mining Sparks Debate Over Risk Appetite, Strategy

Brook Taye (PhD), the chief executive of the Ethiopian Investment Holdings (EIH), is steering the sovereign wealth fund into uncharted terrain. EIH's latest equity injection into Akobo Minerals, a Norwegian-listed gold miner operating in the Gambella Regional State, is being touted as a landmark move to diversify state investments beyond traditional sectors. But the decision has raised eyebrows, given the Miner's precarious financial footing. While the symbolism of the investment demonstrated EIH's commitment to unlocking the country's mineral wealth, the numbers on Akobo Mineral's books pa...


Sep 7 , 2025 . By BEZAWIT HULUAGER

Hundreds Evicted Overnight in Atena Tera as City Eyes Modernisation

For decades, Shemiz Tera in the Addis Ketema District of Atena tera has been a thriving hub for the garment trade, which has become a vital source of income for nearly 500 households. The busy market was a fixture in the lives of traders and residents alike, until two weeks ago, when everything changed overnight. Authorities cleared the entire area under the cover of darkness, fencing off the land and scattering hundreds of small business owners. The impact of the sudden eviction is immediate and painful. Among the displaced is a woman, nearly 65 years old, who now sits by the new fence...


Sep 7 , 2025 . By NAHOM AYELE

Homebuyers Sue Over Housing Scheme as 29M Br Dispute Unfolds

A dream of affordable homeownership has dissolved into a courtroom showdown for hundreds of Ethiopians, as 236 people filed a class-action lawsuit against Key Housing Finance Solutions and Bunna Insurance Company. In a legal complaint submitted at the Lideta Division of the Federal High Court in June, the plaintiffs allege that the companies failed to deliver on their promises, breaking contracts and causing the loss of over 29 million Br in collective payments. The dispute resulted in an ambitious scheme launched by Key Housing Finance Solutions, a company managed by Girum Assefa, a busine...

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Sep 7 , 2025

Sudden Tax Overhaul Jolts Business Community, Fuels Confusion Over VAT Transition

The federal tax officials' abrupt tax reform, which suspends the long-standing Turnover Tax (TOT) and replaces it with an expansive Value Added Tax (VAT) regime, has ushered in confusion, liquidity st...

Sep 7 , 2025

DESERTS, DREAMS, AND DIGNIFIED CAPITALISM

They arrive from different corners of the nascent capital-market frontier, but when Hana Tehelku, Wolde Bulto, Zemedeneh Negatu and Tewedaj Gezahegn speak, a shared preoccupation surfaces. Survival se...

Aug 30 , 2025

DASHEN BANK'S NEW REMITTANCE GATEWAY ENTERS THE RING

At a high-profile event held at the Sheraton Addis last week, the launch of Dashen Bank's new digital remittance platform was marked by the attendance of notable figures in the financial sector. Mamo...

Aug 30 , 2025

Ethio telecom's Dividend Plan Draws Ire as Shareholders Wait

Ethio telecom, one of the long-standing state-owned monopolies, has publicly committed to paying dividends to individual shareholders. Under the three-year "Next Horizon: Digital & Beyond 2028...

Private Colleges Face Reckoning Under Tough New Standards

Federal education officials have issued a stern warning to private colleges, where a large number of institutions are at risk of losing their permits if they fail to meet tough new standards introduce...

Aug 30 , 2025

EIC's Financials Soar on Investment Income, Despite Record Claims

The Ethiopian Insurance Corporation (EIC) delivered a robust pre-tax profit of 1.98 billion Br, comfortably surpassing its target. The performance was largely underpinned by a substantial 1.27 billion...

Aug 30 , 2025

Authorities' Crackdown Jolts Small Businesses During Regulatory Blitz

The private sector is under unprecedented scrutiny as federal trade officials launch one of its most extensive enforcement drives in recent memory. Framed as a response to rampant non-compliance, the...

Aug 23 , 2025

Regulators Tighten the Noose on Fuel Market

The fuel industry is facing its biggest shakeup in decades as federal regulators roll out a sweeping directive weeks after lawmakers ratified a new petroleum marketing law. The changes bring real-t...

Aug 23 , 2025

IE Networks, Liyana Healthcare Lead First Wave of Public Listing Aspirants

Two domestic companies, IE Networks and Liyana Healthcare, have emerged as the first to complete the IPO readiness assessment under the Ethiopian Capital Market Authority's (ECMA) IPO Clinic. Backe...

Aug 23 , 2025

Public Hospitals to Outsource Medical Services Under New Financing Rule

A new directive authorises state-run hospitals and clinics to outsource not only non-clinical support services but, for the first time, core medical services as well. Health officials say the policy,...

Aug 29 , 2025

Health Officials Save Dollars in Medical Tourism, Locals Face Care Deficit

The federal government has turned its attention to an unlikely export sector: healthcare. Framed as a national economic revival tool, medical and wellness tourism is being branded as a “premium serv...

Aug 23 , 2025

Collective Investment Schemes Break Ground

The Ethiopian Capital Market Authority (ECMA) has issued its first regulatory framework for collective investment schemes (CIS). Released for public consultation last week, the draft directive lays th...

Aug 17 , 2025

Ministry Casts Reform Net, Fishermen Face a Tide of Uncertainty

The federal government, led by the Ministry of Agriculture, is finalising a sweeping licensing regime that will introduce formal regulation to a predominantly subsistence-based fishing sector. The...

Aug 17 , 2025

Civil Servants Rush to Secure Digital Certificates, Skills Take a Back Seat

More than 120,000 government employees in Addis Abeba are racing to collect coding certificates under a citywide digital training initiative, part of a sweeping national goal to produce “five millio...

Aug 17 , 2025

New Entrants Rattle Insurance Industry, But Old Constraints Persist

Two new insurance companies, Standard Insurance and Was Insurance, are poised to join the fragmented and slow-growing domestic insurance industry, eyeing to carve out niche offerings in a market long...

Aug 17 , 2025

Siinqee Bank Makes Foray into Investment Banking

Siinqee Bank is set launch an investment banking subsidiary with a registered capital of 497 million Br. The new company, which finalized application for registration with the Ethiopian Capital Market...


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Ethiopians Celebrate Big Dreams, While Everyday Realities Cast Shadow

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Featured | Sep 7 , 2025 . By AMANUEL BEKELE

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Agenda | Sep 7 , 2025 . By AMANUEL BEKELE

Addis Abeba's Land Auction Spurs Bidding Frenzy During Affordability Concerns

Addis Abeba's sixth public land lease auctions after a five-year pause delivered mixed sig...

Fortune News | Sep 7 , 2025 . By NAHOM AYELE