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Fortune News

Jun 13 , 2025

Addis Abeba Officials Backtrack After Uproar Jolts Property Owners

A controversial decision to clear a large tract of land in Addis Abeba's Wereda 1, around Flamingo and the Olympia roundabout, potentially affecting 31 properties, has been abruptly reversed, bringing...

Apr 27 , 2025

BGI Ethiopia Wins Legal Battle as Ownership Claim Falls to Time

A federal court delivered a sharp rebuke last week to a long-running fight over shares in one of Ethiopia's largest brewers, dismissing an ownership claim by a former shareholder as time-barred and or...

Apr 27 , 2025

Cash Starved Domestic Drugmakers Turn to EIC for a Lifeline

Cash-strapped drugmakers, squeezed by strict banking rules and rising fees, are pinning their hopes on the state-owned Ethiopian Insurance Corporation (EIC) as a means to new sources of working capita...

Apr 27 , 2025

Ethio Telecom to Court Big Investors After Retail Share Sale Falls Short of Ambition

Frehiwot Tamiru, CEO of Ethio telecom, is returning to the capital market after her debut share sale raised only a tenth of the proceeds she wanted. This time, the state-owned telecom company is remov...

Apr 27 , 2025

Digital Shift in Veterinary Drug Registration Struggles Against Glitches, Gridlock

The veterinary drug registration process moved fully online after the Ethiopian Agricultural Authority (EAA) rolled out a new directive in January 2025, requiring all applications, whether for importe...

Apr 19 , 2025

LEGACY Businesses in a Liminal Space

At first light in Addis Abeba's Qality District, the smell of freshly roasted Yirgacheffe beans drifts into the yeasty haze from Shoa Bakery's ovens, a blend that sums up Ethiopia's family firms. Such...

Apr 19 , 2025

Banks Warn as Crackdown on Loans Triggers Fears of Toxic Debt Surge

Commercial banks are scrambling to meet a tougher loan classification regime rolled out by the National Bank of Ethiopia (NBE) in mid-June, warning that the rules could turn thousands of shaky credits...

Apr 19 , 2025

Auditors Under Fire as City Officials Hunts Billions in Lost Taxes

Tax authorities in Addis Abeba have blamed more than 800 auditors and accountants for allegedly understating the tax liabilities of businesses, piling new pressure on a profession already rattled by a...

Apr 23 , 2025

Deposit Insurance Fund Faces Its First Test

The Ethiopian Deposit Insurance Fund (EIF), a federal agency responsible for protecting depositors, has discovered that confidence is costly and that its ambitions outstrip its bank balance. Over t...

Apr 19 , 2025

Universities Flunk Their Own Test as Confidence Wanes

Universities face a tough reality after a national exit examination in January this year produced a pass rate of only 27pc out of 177,552 students, a quarterly performance report from the Education Mi...

Apr 13 , 2025

MERCATO TAXED TO SILENCE

Some parts of Merkato have fallen uncharacteristically silent, contrary to its typical bustle of traders, shoppers, and hawkers vying for business across its sprawling two-square-kilometre expanse. Fo...

Apr 13 , 2025

A Tax Shock Jolts Edible Oil Industry as Retroactive Levies Stir Confusion

A resurgence of a long-dormant tax rule has unleashed a storm of uncertainty on the edible oil industry, following the Ministry of Revenue's sudden demand for retroactive value-added tax (VAT) on soyb...

Apr 13 , 2025

Property Owners on Bole Road Face Uncertainty Amid Oromia Gov't Office Expansion

A redevelopment initiative along Africa Avenue (Bole Road) has set off alarm bells for property owners whose holdings fall within the area earmarked for an expansion project by the Oromia Regional Gov...

Apr 21 , 2025

Labour Ministry Ambitions Stumble as Overseas Jobs Cause Costly Traps

Parliamentary scrutiny was chewy last week as Minister of Labour & Skills, Muferihat Kamil, faced pointed questions over her Ministry's performance, revealing a troubling juxtaposition between sta...

Apr 13 , 2025

Signature Fraud Claims, Alleged Political Pressure Reignite Battle for BGI Ethiopia Stake

Zewdinesh G. Asrat has intensified her legal battle against BGI Ethiopia Plc, asserting that she was unlawfully stripped of a 27pc stake in the company through "fraudulent documents and political coer...

Apr 13 , 2025

Ministry Struggles to Fuel Industry as Coal Stalls, Gold Surges in Uneven Resource Push

Ethiopia's ambitious efforts to ramp up domestic coal production are falling short, with output reaching only 41pc of the targeted 1.64 million tonnes in the past eight months, creating a deficit of o...

Columns

Commentaries | Oct 11,2025

The Human Flight a Failure of Political Imagination, Not a Mere Economic Policy

Ladislas Farago, a roving Associated Press (AP) correspondent, arrived in Ethiopia in 193...

Editorial | Oct 11 , 2025

TRADITION THRIVES AS COSTS CLIMB

As dawn broke over Addis Abeba last week, the city's arteries pulsed not with the usual we...

Featured | Oct 5 , 2025 . By REDIET YARED

TOMATOES TASTE OF INFLATION

Tomato prices in Addis Abeba have surged to unprecedented levels, with retail stands charg...

Agenda | Oct 12 , 2025

Ministry Shifts Gears as Number Plate Change Fuels Debate

A sweeping change in the vehicle licensing system has tilted the scales in favour of elect...

Fortune News | Oct 12 , 2025 . By BEZAWIT HULUAGER