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Fortune News

Mar 30 , 2025

Barley Supply Chains Sway Under Regional Strains

The brewing industry faces a storm, with barley shortages leading to a substantial spike in prices, a scenario that has prompted alarm among industrial leaders. Barley is a fundamental ingredient i...

Mar 30 , 2025

Ministries Unveil Strategy for Local EV Procurement

Federal officials are accelerating the shift towards domestically assembled electric vehicles (EVs), with a landmark directive prioritising them in public procurement. The initiative, backed by the mi...

Mar 30 , 2025

Authorities Eye Treasury Overhaul as Billions Vanish in Fiscal Fog

The federal government is pushing towards a single account for the treasury to consolidate its financial resources, which promises to streamline budgetary control and trim cash mismanagement. In re...

Audit Finds Millions Unspent as Transport Ministry Wrestles with Merger Delays

The Ministry of Transport & Logistics faced scrutiny after federal auditors uncovered financial irregularities, including unused funds, delayed projects, and procurement anomalies tied mainly to a...

Mar 30 , 2025

Fuel Shortage Fuels Parallel Market in Tigray State as Supplies Falter

Tigray Regional State is experiencing an acute fuel shortage that has impacted agriculture, disrupted businesses, and led to the rapid expansion of an illicit fuel market. Regional officials blame fed...

Mar 23 , 2025

A Trailblazer Returns to Build What Never Was

Brutawit Dawit, a veteran banker with extensive experience in the financial sector, has been appointed to lead Ethiopia's one of the first investment banks, Wegagen Capital Investment Bank S.C. (W...

Mar 23 , 2025

Logistics Shake-Up Lets Rivals In But Leaves ESL Steering the Ship

The opening of the logistics sector to multimodal operations has come with tight restrictions, reserving key strategic commodities and trade routes exclusively for the state-owned giant, the Ethiopian...

Authorities' Bid for Digital Quality Sparks Fury Among Cash-strapped Businesses

The Institute of Ethiopian Standards has introduced revised fees and new product marking systems targeting quality, accountability, and revenue collection. Its authorities say digital transformation i...

Mar 23 , 2025

Prime Minister Touts Growth as Subsidies Soar, Poverty Deepens

Prime Minister Abiy Ahmed (PhD) appeared before Parliament last week to deliver a narrative filled with abundant optimism, stressing impressive economic growth over the past eight months. Yet, beneath...

Mar 23 , 2025

Edible Oil Runs Dry as Beans Go Global

The hum of machines has grown quiet in the busy processing plants on the outskirts of Addis Abeba. Factories that once churned out edible oil and animal feed are shutting down, caught in a storm trigg...

Mar 16 , 2025

Tax Squeezed, Businesses Cry Foul as Penalties Mount

A new directive is beginning to shake up the tax regime with tougher penalties for non-compliance. Federal tax authorities are claiming to fight under-reporting and boost revenue collections. Under Ay...

Mar 16 , 2025

BREWS FEEL HEAT OF SPIRALING PRICES

Traditional coffee vendors in Mesalemia neighbourhoods embody a dilemma now playing out across the capital. Within a week, bean costs soared by 100 Br from 650 Br, forcing them to charge 25 Br a cup,...

Mar 21 , 2025

Transport Authorities Break State Monopoly on Logistics

In an unambiguous policy shift, the federal government has granted operational licenses to three companies, marking a decisive move toward liberalising the country's logistics sector. It marks a depar...

Mar 19 , 2025

In Amhara Regional State, New Taxes Promise Growth, But Stoke Concern among Businesses

Local authorities in towns across the Amhara Regional State have begun enforcing newly revised tariff rates, seeking to generate revenue through municipal service fees. The regional government approve...

Mar 16 , 2025

In Tigray State, Businesses Struggle as War-Torn Region Faces Steep Levies

Two years after the civil war left Tigray Regional State in ruins, a contentious effort to rebuild the region is now underway as municipal tariffs have been reintroduced to fund essential infrastructu...

SHEGER'S SOARING LEASE IMPERIL MANUFACTURERS

The producer of ‘Arki' water, SBG Industry Plc has been forced to suspend operations for two weeks after a dispute with Sheger City Administration officials. The company was abruptly served with a d...

Columns

Commentaries | Sep 13,2025

In Climate Talks, Africa Mortgages Tomorrow Simply to Survive Today

At its launch in Nairobi two years ago, the Africa Climate Summit was billed as the forum...

Editorial | Sep 13 , 2025

Digital Payments Reshape Economy While Service Workers Lose Out

The way the Birr moves is changing, and with it, habits that have shaped daily life for ge...

Featured | Sep 14 , 2025 . By NAHOM AYELE

Student Tax ID Push Triggers Logjam

The yellow flush of Aday Abeba flowers has returned to Addis Abeba, heralding the arrival...

Agenda | Sep 13 , 2025 . By NAHOM AYELE and YITBAREK GETACHEW

Monument to National Ambition, Geopolitical Agency

The Grand Ethiopian Renaissance Dam (GERD), Africa's largest hydroelectric power project,...

Fortune News | Sep 15 , 2025 . By AMANUEL BEKELE

Fortune News

Barley Supply Chains Sway Under Regional Strains

Ministries Unveil Strategy for Local EV Procurement

Authorities Eye Treasury Overhaul as Billions Vanish in Fiscal Fog

Audit Finds Millions Unspent as Transport Ministry Wrestles with Merger Delays

Fuel Shortage Fuels Parallel Market in Tigray State as Supplies Falter

A Trailblazer Returns to Build What Never Was

Logistics Shake-Up Lets Rivals In But Leaves ESL Steering the Ship

Authorities' Bid for Digital Quality Sparks Fury Among Cash-strapped Businesses

Prime Minister Touts Growth as Subsidies Soar, Poverty Deepens