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Aug 29 , 2026 . By NAHOM AYELE

Judges Set Auction Price for D'Afrique Its Owners Claim Worth Five Times More

Judges on a Federal High Court bench have ordered D'Afrique, one of Addis Abeba's oldest hotels, to be sold to the highest bidder, setting the floor price at a figure that some of its owners claim is a fraction of its worth. The Lideta Bench has ruled that the historic D'Afrique Hotel, on Dej. We...

Aug 29 , 2026 . By BEZAWIT HULUAGER

Fed Now Repays Its Bills with More Bills

The federal government is increasingly relying on Treasury bills (T-bills) to repay Treasury bills. Rather than issue fresh debt to cover budget spending, it is rolling maturing paper over into new paper, a sign of its shift towards market-based borrowing. In May and June 2026, it sold no T-bills at all because its fiscal deficit had fallen to nearly zero over the two months. "We evaluate the sale every three months, and for the two months we didn't need to sell,” Jonse Gedefa, fiscal policy head at the Ministry of Finance, told Fortune. Much of the money raised through short-term s...


Sep 1 , 2026 . By BEZAWIT HULUAGER

Revenue Ministry Wants to See Each Business Line Separately Filed

The Ministry of Revenues wants to know not just who a taxpayer is but almost everything a business does, and it is starting with the middle of the market. Businesses in the medium taxpayer category have been told to file financial statements and related tax information through the Ministry's electronic system. It is part of a wider move towards taxpayer classification and risk-based audit selection. The order arrives as revisions to the tax administration law could tie registration and reporting to each business activity a company runs. Mamo Abreha, head of the Tax Declaration Department...


Aug 29 , 2026 . By BEZAWIT HULUAGER

Ethiopia's Power Halved Djibouti’s Bills, Gazes at a Bigger Market

Electricity supplied from Ethiopia has helped halve Djibouti's power production costs, according to a new World Bank report released last week. The report names an Ethiopia-Kenya-Tanzania renewable-energy corridor as a possible first mover for deeper integration, a link that would tie a hydropower exporter to two growing demand centres, the kind of anchor the wider market still lacks. Ethiopia is already earning from the trade, though the returns are modest against what a full market would need. Ethiopian Electric Power (EEP) reported 118.1 million dollars in export revenue in the 2024/...

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Aug 29 , 2026

WFP Plans to Insure Farms Before the Harvest Can Pay for It

A new two-million-euro facility will let rural borrowers take out climate-risk insurance without paying the premium at the start of the season, the very moment most farmers have no cash to spare. I...

Aug 29 , 2026

El Niño Drains the Dams, Power Co. Dims the Crypto Rigs

A drought has taken a fifth of the water that should be filling the 21 dams, forcing the state power company to make the country's data miners bear the shortfall rather than households. Senior exec...

Aug 22 , 2026

Central Bank Writes Rulebooks for Billion-Birr Market Already Exists

The forthcoming strategy for interest-free finance will place Sharia-compliant financing on the same tax footing as conventional lending, create a “Sukuk,” and establish national Sharia oversight...

Aug 22 , 2026

Wegagen Capital Cuts Reserve as It Reaches for More Capital

Wegagen Capital Investment Bank (WCIB) has completed its first full year in profit and used its second shareholders' meeting to reduce the cushion it maintains against bad times. The Investment Ban...

Aug 25 , 2026

Judges Keep Sandford Students in Their Seats as the Fee War Escalates

Judges at the Federal High Court, sitting on a limited basis to hear only urgent matters, have blocked Sandford International School's (SIS) Administration from discontinuing the enrolment of more tha...

Aug 22 , 2026

Fed Tests a Payment Window for the Whole Government, Starting with Health

Federal authorities are about to find out whether they can make a single payment window serve the whole government, choosing the health sector to run the experiment. A single platform is meant to c...

Aug 22 , 2026

Ethiopia May Not Be Ready to Catch Coffee Price Spike

A sudden squeeze in Arabica supplies has pushed coffee prices to a half-year high, handing exporters from Ethiopia a brief opening even as forecasters call for a record global crop in the 2026/27 seas...

Aug 15 , 2026

Prosecutors Charge Seven Alleging Amhara Bank's Credit Controls Bend for One Borrower

Federal prosecutors have charged seven defendants over a set of foreign-trade deals they allege drained more than 137 million Br from Amhara Bank, opening one of the most serious governance cases yet...

Aug 15 , 2026

Ethio-post Turns Branches into Banks as Banks Close Theirs

Ethio-post is preparing to turn its thousands of branches into banking agents, allowing customers to deposit and withdraw cash, pay utility bills, and access accounts held at any commercial bank. I...

Aug 18 , 2026

Minister Threatens to Blacklist Traders Who Break Export Deals

Kassahun Gofe (PhD), minister of Trade & Regional Integration (MoTRI), is preparing his toughest response yet to exporters and foreign buyers who walk away from signed contracts, after complaints...

Aug 16 , 2026

Supreme Court Widens Shield for Lawyers Fighting the VAT

Justices at the Federal Supreme Court widened the shield they are holding over lawyers fighting a tax the Ministry of Finance wants them to collect, extending interim protection from the value-added t...

Aug 16 , 2026

Central Bank Buys Gold High, Sells It Lower

The National Bank of Ethiopia (NBE) bought far more gold than it managed to sell for during the past fiscal year. It booked 275.2 billion Br from gold sales against 315.6 billion Br in purchase, re...

Aug 16 , 2026

Nine Universities Near Autonomy Have a Ministry Freezing Their Assets

Federal education authorities have frozen the hands of nine public universities in the final stage of their move to autonomy, barring them from selling or borrowing against university and government a...

Aug 9 , 2026

National Bank Forces Anbesa Bank Board Re-run, All Incumbents Out

Anbesa Bank has elected an entirely new board of directors, nine months after the Board it replaces, following regulators' rejection of that earlier vote. Officials of the National Bank of Ethiopia (N...

The Hotel That Housed the OAU Meets the Wrecking Ball

Ethiopia Hotel, one of the country's oldest hospitality establishments and a landmark on Yohannes St., has begun to come down, marking the start of a major redevelopment of the historic property. D...

Aug 9 , 2026

Tax on Alcohol, Tobacco Worked. Study Finds That May Be the Problem

The excise-tax reform on alcohol and tobacco has done much of what it was made to do. Prices have increased, purchases of legally sold drinks and cigarettes have fallen, and government revenue has gro...


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The Education Minister Celebrates the Wrong Numbers

Every year, the Ministry of Education (MoE) sets a national examination. Every year, it fa...

Editorial | Aug 28 , 2026

SMALL-NOTES SQUEEZE WORN, TORN, NEVER RETURNED

For Hirut Ayalew, a small shop owner around Ferensay Legasiyon, the shortage of usable sma...

Featured | Aug 1 , 2026 . By BIZUAYEHU ABIY

Between Tax Authorities, Dealers, Buyers Who Cannot Keep Up

For Tefera Worku, buying a car was meant to be a simple calculation of convenience. The co...

Agenda | Aug 29 , 2026 . By FITSUM TADESSE

Fed Now Repays Its Bills with More Bills

The federal government is increasingly relying on Treasury bills (T-bills) to repay Treasu...

Fortune News | Aug 29 , 2026 . By BEZAWIT HULUAGER