Fortune News

FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers New TRADE AFRICA New

Fortune News

Apr 13 , 2025

Addis Abeba Orders Taxi Terminal Shake-Up

The Addis Abeba's City Administration has introduced a rule obliging terminal enterprises, which have helped manage taxi loading zones for more than two years, to move on to different lines of busines...

Apr 6 , 2025

Ministry Moves to Forge Trade Policy as WTO Push Sparks Hopes, Fears

Federal officials and private sector leaders are finalising the first consolidated trade policy, trying to spur resource mobilisation and unified implementation. According to Trade & Regional I...

Apr 6 , 2025

CBE Rebounds Sharply as Profit Drive Raises Public Mandate Questions

The state-owned Commercial Bank of Ethiopia (CBE) has engineered an impressive recovery that executives credit to new strategies and policy shifts. The Bank reported collecting 367.40 billion Br in fr...

Apr 6 , 2025

Insurers Struggle to Stay Afloat as Capital Rules Bite, Talent Runs Dry

The insurance industry is bracing for major changes as the National Bank of Ethiopia (NBE) moves forward with a new directive compelling firms to adopt a risk-based capital framework. The new requi...

Apr 6 , 2025

Wheat Shortage Strains Market as Soaring Prices Hit Millers

Wheat has become a sensitive commodity, where rising prices and tight supplies threaten the once-thriving flour industry. Businesses that mill wheat and produce biscuits, noodles, and animal feed are...

Apr 6 , 2025

Grading Mandate Roils Addis Abeba Schools

Despite their ownership status, schools in Addis Abeba will have to undergo a standardised continuous assessment system, a policy that has been in effect at public schools for some time now. Offici...

Apr 6 , 2025

SEWAGE SOARS WHILE PLANNING SINKS

Under gloomy skies in Addis Abeba's rapidly expanding Lemi Kura District, residents gathered anxiously in a Noah Real Estate compound parking lot, in the Bole Beshale neighbourhood. Facing sudden dema...

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...

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