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Sep 30 , 2023

PEELING BACK LAYERS

A staple vegetable's price is ringing alarm bells. Onion prices have skyrocketed, with a kilo costing up to 120 Br on certain days. For many Ethiopians, this surge reflects larger economic woes plaguing the economy. Purpose Black, a two-year-old company, is attempting to address the situation by bu...

Sep 30 , 2023 . By BERSABEH GEBRE

Manufactureres Shift to Domestic Market as External Trade Faces Headwinds

A vital shift is on the horizon for Ethiopia's manufacturers, who once thrived on exports braced by the African Growth & Opportunity Act (AGOA). If a bold proposal by Melaku Alebel, minister of Industry, and his senior officials gains traction, industrial park operators could soon tap into the domestic markets, signalling a significant shift in the federal government's trade strategy. In the aftermath of Ethiopia's January 2022 suspension from AGOA - a consequence of a bitter two-year conflict with armed forces in Tigray - the federal government initiated a stopgap measure: temporarily...


Sep 30 , 2023 . By BERSABEH GEBRE

Ethiopia's Coffee Caps Raise Temperatures Beyond the Kettle

In a move rattling the coffee industry, officials of the Ethiopian Coffee & Tea Authority have imposed a limit on outbound personal coffee carry-ons: two kilograms. This comes on the heels of requests the Authority placed four months ago, to reinforce the Ethiopian Customs Commission's tight control around airports. The backdrop to this decision is complicated, as is Ethiopia's coffee itself. But the implications are vast, sending ripples through everything from the small roasters on the streets of Addis Abeba to the sprawling terminals of Bole International Airport. Two weeks ago, C...


Sep 30 , 2023 . By MUNIR SHEMSU

Biotech Reforms Set to Overhaul Dairy Animal Production

Applying advanced reproductive biotechnology to dairy cattle is indicated as a way to rectify the underwhelming performance of the industry plagued with dismal production and earnings. Following a long-term engagement with genetic improvement through cross-breeding techniques, experts drawn from the Ministry of Agriculture, the National Artificial Genetics Institute, the Livestock Development Institute and Ethiopian International Agriculture Research released a standard last month. They acknowledged that a limited understanding of key procedures was observed in small and large e-scale da...

Fortune News

Sep 30 , 2023

Half a Billion Dollar Gold Project Inches From Shovel Ready

The Toronto-based mining multinational Allied Gold Corporation has received board approval for a two-phase advancement of its expanded Kurmuk Project, slated to become the largest gold mining project...

Sep 30 , 2023

Transport Bureau Shoves Taxi's Out of Student Transport

The Addis Abeba Transport Bureau's recent decision to restrict the number of minibus taxi drivers who can transport school children to five per cent per association has sparked outrage among taxi owne...

Sep 30 , 2023

Ethiopia Seeks IMF Lifeline at Marrakesh Meet

As the global financial community prepares for the annual conclave in Marrakesh, Morocco, Ethiopia's mounting economic challenges have emerged as a discussion point, with its authorities seeking finan...

Sep 23 , 2023

CONFLICTS DEEPEN TRANSPORT CRISIS

In the misty break of dawn, the usually scuttling Lamberet Bus Terminal in Addis Abeba stood comparatively quiet. This terminal serves as a primary gateway to the conflict-prone regions of Amhara and...

Sep 23 , 2023

SUR Construction's Post-War Reckoning

In the wake of a devastating two-year war, SUR Construction Plc, one of Ethiopia's premier contracting firms, is turning its gaze inward. As its executives grapple with significant losses, including t...

Sudden Halt on Forward Trading Rattles Ethiopia's Commodity Exchange

The Ethiopian Commodity Exchange (ECX) executives were taken aback by an unexpected decision from the State Minister for Trade & Regional Integration, Kassahun Goffe, who placed a hold on the four...

Sep 23 , 2023

National Bank Raises Creditable Forex Amount for Non Residents

Ethiopians living abroad for over a year and non-residents of Ethiopian origin can now deposit foreign currency notes of up to 10,000 dollars, provided they can present entry visas not exceeding 30 da...

Sep 23 , 2023

Electric Utility Gears Up to Power Addis Abeba Grids

Troubled Addis Abeba's electric grid system is set for significant rehabilitation with 57 million dollars, as the Ethiopian Electric Utility (EEU) moves to secure a technical consultant and provide an...

Sep 23 , 2023

Printed ID Backlogs Prompt Agency to Home Delivery

An unprecedented pile-up of identification cards (IDs) at the city wereda bureaus has prompted the Civil Registration & Residency Service Agency to start door-to-door delivery services before the...

Sep 16 , 2023

SCHOOL SUPPLY-CHAIN CHAOS

Schools are back in session, but parents find themselves burdened by the rising education costs. Some have opted for public schooling for their children, but even that is proving challenging. As the C...

Sep 16 , 2023

Jubilee Palace Rolls Out Red Carpet for Elite Palates

Ethiopia's Jubilee Palace is opening its doors to a medley of upscale restaurants and hotels, a transformation spearheaded by Prime Minister Abiy Ahmed (PhD). As the refurbishment enters its final...

Central Bank Rolls Out Offshore Banking Array

In an audacious bid to attract investment to a country experiencing diminishing forex inflows, the National Bank of Ethiopia (NBE) allows investors to bank with a financial institution different from...

Sep 16 , 2023

Trade Ministry Stirs Consumer Protection Statute

A rising trend in defective commodities and pretence advertisement has prompted experts at the Ministry of Trade & Regional Integration to prepare a bill aspiring to promote healthy market competi...

Sep 16 , 2023

Oncology Center Looms through Public-Private-Partnership

An Oncology centre inside the premises of Saint Paul Millennium Medical College is afoot as a French consultant finishes a feasibility study for the Public Private Partnership (PPP). Under Abebe Ge...

Sep 16 , 2023

Freight Operators in Frenzy as Extension Period Wanes

Freight transporter associations and drivers face a four-month lifeline to transform into commercial entities or meet the consequences, which entail an embargo on crossing the Djibouti border. The...

Sep 16 , 2023

National ID Project in a Tailspin

The audacious initiative to produce millions of pre-inscribed ID cards for the National ID program is met with contention as the Indian-based company declared its triumph amid a complaint lodged by a...


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