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Fortune News

Sep 26 , 2021

Wereda Officials Shut Mercato Commercial Building, Leaving Tenants in the Cold

City authorities have shut down a commercial centre in the country's largest marketplace over allegations the share company that owns the building has not renewed its license. It is a decision that pu...

Sep 26 , 2021

Coffee Lobby Groups Forge Alliance to Push Back on Policy

Over half a dozen of the largest coffee industry lobby groups have agreed to forge an alliance to gain bargaining power and deal with hurdles holding coffee farming from showing improvement in yield....

Sep 26 , 2021

Ethiopia Approves Tariff Schedule for Africa Free Trade

Ethiopian officials have approved a list of products and services subject to customs tariff reductions under the African Continental Free Trade Agreement (AfCFTA). Seven percent of the duty items a...

Sep 26 , 2021

Bahir Dar Shuts Down Sports Betting Joints

The Bahir Dar City Administration has ordered all betting companies to suspend operations. It is an outcome of the tense security situation in the country's northern regions and part of a series of...

Sep 18 , 2021

COVID 'X' WAVE

The Millennium Hall on Africa Avenue, a popular destination for concerts, exhibitions and public gatherings, has returned to a scene that has been familiar ever since the first case of the COVID-19 pa...

Sep 18 , 2021

IMF Credit Facility Expires as Debt Rework Faces Delay

Ethiopia's access to a 1.5 billion dollar concessional loan facility availed by the International Monetary Fund (IMF) is set to expire this month following the inability of Ethiopian authorities to co...

Sep 18 , 2021

Industrial Parks Finally See Labour Unions Emerge

Thousands of workers employed by factories operating in the Hawassa Industrial Park are edging closer to form labour unions, a move surfacing after years of controversy. The workforces of two of th...

Sep 18 , 2021

Amendment on Horizon Allowing ECX Guarantee Funds Reinvested

Authorities are set to introduce a new rule to enable businesses trading on the floor of the Ethiopia Commodity Exchange (ECX) to invest the settlement guarantee funds they deposit when they first acq...

Sep 18 , 2021

DBE Management in Pickle to Restart Operations at Ayka

The Development Bank of Ethiopia (DBE) is to float yet another auction for the Ayka Addis Textile Factory for a third time, despite its failure to renew its trade license. The Bank's management has...

Sep 18 , 2021

Postal Services Enterprise Jumps Rental Fees by 600pc

The Ethiopian Postal Services Enterprise (EPSE) has increased annual box rental fees by as much as 600pc, the first adjustment in 11 years. A regular mailbox at the Enterprise's head office on Chur...

Sep 18 , 2021

Modjo-Batu Expressway Tariff No Different from Other Tolls

Officials of the Ministry of Transport have approved a toll tariff for the Modjo-Batu Expressway, which will be open to traffic beginning this week. The approval comes after the Ethiopian Toll Road...

Sep 18 , 2021

Short Contract Farming Window Closes, Leaves Many in the Dark

Agribusiness firms without a contractual agreement with crop farmers are no longer allowed to export, following the expiration of a deadline set by the Ministry of Trade & Industry last week. T...

Sep 10 , 2021

THE BIG LIVE MUSIC COMEBACK

There is a slow-moving sensation taking place in Addis Abeba's nightlife. Live music is gradually but surely unseating DJs – nightclubs quietly displacing mixers and recorded music with bands and so...

Sep 10 , 2021

Central Bank Grants Nods to Cargo Truck Imports

Authorities at the National Bank of Ethiopia (NBE) have given commercial banks the nod to issue letters of credit (LCs) to close to 170 importers interested to bring in 3,200 cargo trucks. It is an...

Sep 10 , 2021

Coffee Sector Latest in Receiving Central Bank Loan Freeze Exemption

The coffee industry has become the latest to be exempted from the freeze on collateralised loans the central bank imposed last month. The development coincides with the coffee harvest season, expected...

Sep 10 , 2021

Fed Prosecutors Withdraw Charges on Former Education Ministry Officials for Flimsy Evidence

Federal public prosecutors have withdrawn charges they filed against former officials of the Ministry Education, accused of grand corruption in the procurement of textbooks. The accused have walked...

Columns

Commentaries | Aug 29,2026

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