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August 14 , 2022 . By RAHEL BOGALE

Addis Abeba University Reclaims Financial, Operational Autonomy

Federal authorities approved submissions by the Addis Abeba University (AAU) administrators to reclaim financial and operational autonomy three years after they tabled their demands. Under President Tassew Woldehanna (Prof.), the country’s oldest public university will break free from state con...

August 13 , 2022 . By BERSABEH GEBRE

Gov't Introduces Social Welfare Tax as Budget Deficit Widens

The federal government is imposing a new tax, hoping to generate an additional 22 billion Br this year. Dubbed “social welfare levy”, the tax will apply to importers, who will pay three percent on the items they bring into the country, barring a few exemptions. Imported goods subject to surtaxes, including fertilisers, petroleum products, mass transport vehicles, and capital goods, are exempt. Tax officials will have to calculate the new levy after adding up the value of the imported goods, freight costs, and insurance fees. Officials say the revenues will go towards reconstructing f...


August 15 , 2022

Authorities About-faced on Fruit, Vegetable Export Threshold Prices

Agricultural authorities have backpedalled on a decision to raise the minimum price threshold for horticultural products exported to Djibouti nearly fivefold. It is the second trade policy reversal federal officials made last month. Trade Minister Gebremeskel Chala had also rescinded an earlier decision to double the minimum price threshold for khat exported to Somalia. Sofia Kassa (PhD), a state minister for Agriculture, instructed the threshold for fruits and vegetable exports to the neighbouring country to return to its previous level of 0.22 dollars a kilo. Her decision came after Dj...


August 13 , 2022 . By ELSHADAY HAGOS

Fed Begins Designating License Plates for Duty-Free Disability Imports

Transport authorities have introduced unique license plates to vehicles owned by individuals with disabilities following allegations of misuse of duty-free import privileges. Dagmawit Moges, minister of Transport & Logistics, issued a directive two months ago compelling beneficiaries to replace their plates with updated tags by next month. The new plates will emboss the universal wheelchair symbol and a designated code. Authorities hope to see the change address the “rampant” misuse of the privileges by transferring the imported vehicles to third parties. The directive granting p...

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August 13 , 2022

Public Transport Enterprise Going National Amid Unabated Commuter Crisis in Capital

The chief of Public Service Transport Enterprise seems upbeat about expanding operations outside of Addis Abeba following the delivery of locally-assembled buses. Frehiwot Tiliku, the Enterprise...

August 13 , 2022

Tea Out-Growers' Income Jumps by Quarter in MIDROC Agri Pay Feud

Ethiopia’s largest commercial tea estate raised prices for out-growers a quarter following a visit to its farms by officials and experts from the Ministry of Agriculture and the Coffee & Tea Aut...

August 6 , 2022

A PIECE OF THE PIE

Champagne popped and poured; and a cake was cut to celebrate another milestone for Ethio telecom, still the only active operator in the country. The state-owned telco launched its loan and savings ser...

August 6 , 2022

Ministers Council Nods to Hospitality Incentives in Bid to Combat Slowdown

The hospitality industry has entered the list of economic sectors that enjoy tax exemptions and incentives from the federal government after the Council of Ministers approved a regulation last month....

August 6 , 2022

Agricultural Authorities Reconsidering Maize Export Embargo

Federal authorities are contemplating the reversal of a decade-long ban on maize export. A team of experts from the ministries of Trade and Agriculture will begin assessing the viability of lifting th...

August 6 , 2022

Fed to Scale Up $200m National ID Programme

Yodahe Zemichael seems determined to push the national ID project past the pilot stage, onboarding up to 10 million people in the next phase. Tasked to oversee a nationwide identification card prog...

August 6 , 2022

Education Ministry Attempts to Ease Academic Misgivings through Overtime Pay Rework

The federal government has reworked guidelines for overtime compensation payments across public higher learning institutions. Faculty members holding the title of associate professor and above are ent...

August 6 , 2022

Ethiopian Shipping Eyes $15m Truck Fleet Expansion

The Ethiopian Shipping & Logistics Services Enterprise (ESLSE) executives are finalising a deal to acquire nearly 200 heavy trucks for 15 million dollars. The Enterprise’s second attempt is to b...

August 6 , 2022

Bahir Dar University Lands Lucrative Construction Safety Consultancy Contract

Bahir Dar University has bagged a lucrative contract to prepare a policy regulating safety compliance in construction zones. It is part of a series of reforms the authorities are undertaking to overha...

July 30 , 2022

Minister Gebremeskel Faces Cement Market Backlash

Trade authorities’ attempt to regulate the besieged cement supply chain faced a backlash last week, exacerbating long-standing issues in the market. It pushed retail prices for cement to an unpreced...

Awash Bank Bridges Way to Underserved Through Microfinance

Awash International Bank (AIB) has launched a program its senior executives christened as a “bridge” reaching out to the underserved segment of the market through microfinance institutions. It has...

July 30 , 2022

Education Ministry to Introduce Undergraduate Exit Exams

Education Minister Berhanu Nega (Prof.) has introduced a directive compelling university students to sit for exit examinations before completing undergraduate studies. It is a decision that brings app...

July 30 , 2022

Labour Market Mismatch Pushes Fed Reform Vocational Training

The federal government is to overhaul the technical and vocational education policy, adopting a market-driven scheme, where the labour market drives the demand for specialisations and fields of studie...

July 30 , 2022

Cash Strapped Pharma to Charge Interest on Drugs Supplied on Credit

The Ethiopian Pharmaceuticals Supply Agency (EPSA) will charge a three percent interest rate on supplies made in credit to public health institutions. The Agency’s decision comes after debts owed to...

July 30 , 2022

Mekuria Haile Offers Inflation-hit Public Chauffeurs Overtime Pay Raise

The federal government has doubled overtime pays for thousands of drivers employed in the public sector as inflation eats into their salaries. Mekuria Haile (PhD), head of the Civil Service Commiss...

July 30 , 2022

City Slashes Interest Payments on Leased Residential, Investment Plots

The Addis Abeba City Administration cabinet has reduced interest on the annual lease payment rates for plots leased for residential and investment purposes. The 45-member cabinet chaired by Mayor A...


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National Dialogue! What National Dialogue?

The call for lofty ideals such as national dialogue and consensus has been as old as Ethio...

Editorial | August 14 , 2022

Marks to Erase: Tattoo Removal Business Booms

The traditional tattoos in the shape of a cross on her chin and forehead tell a story. It...

Featured | July 9 , 2022 . By RAHEL BOGALE

Agenda: Domestic Smartphone Assemblers Dial it In

The roads leading to Megenagna were crowded and hectic as ever. Street vendors selling a f...

Agenda | August 14 , 2022 . By RUTH TAYE

Addis Abeba University Reclaims Financial, Operational Autonomy

Federal authorities approved submissions by the Addis Abeba University (AAU) administrator...

Fortune News | August 14 , 2022 . By RAHEL BOGALE