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

Fortune Logo

Fortune News

  1. Home
  2. Fortune News

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...

Mar 9 , 2025

Kegna Beverages Pours $250m Into Beer Market Taking On Giants

Kegna Beverages S.C. is making a 250 million dollar investment in the beer market, aspiring to emerge as a leading bottler in a the brewery industry. Prime Minister Abiy Ahmed (PhD) recently visite...

Mar 9 , 2025

Insurers Reel Under Reporting Standard Strain, as Actuarial Drought Stalls Compliance

A bill mandating an international financial reporting standard has intensified the frantic hunt for actuaries, exposing a severe shortage that compels insurers to seek expertise abroad. Regulators exp...

Mar 14 , 2025

New CEO Appointed to Lead Ethiopian Insurance Corporation's Public Listing Push

Brook Taye (PhD), CEO of Ethiopian Investment Holdings, has announced the appointment of Abel Tadesse as the new CEO of the Ethiopian Insurance Corporation (EIC), following board of directors' approva...

Mar 9 , 2025

Insurance Industry Braces for Governance Revolution

National Bank of Ethiopia is proposing sweeping changes to insurance company governance, including stricter board composition rules and enhanced whistleblower protections. Regulators have released a d...

Mar 9 , 2025

Taxis Push for Fare Hike Over Looming Night Shift Decree

Addis Abeba taxi drivers are calling for urgent tariff adjustments for nighttime operations, citing increased costs and safety concerns stemming from new city regulations mandating extended operating...

Mar 9 , 2025

USAID Budget Cuts Threaten Africas Stability, Experts Warn

As the Trump Administration's “America First” agenda pushes for sweeping domestic reforms, proposed budget cuts to the United States Agency for International Development (USAID) cast long shadows...

Mar 2 , 2025

Wegagen Breaks Ground as First Bank to Issue Shares on Capital Market

Wegagen Bank has taken a pioneering step in the emerging capital market, releasing a prospectus for listing and registering its shares on the nascent Ethiopian Securities Exchange (ESX). The Bank, whi...

Mar 2 , 2025

Central Bank Loosens Grip on Reserve Rules

Central Bank regulators would merge commercial banks' reserve and payment accounts, a departure that will grant lenders greater flexibility in handling daily cash obligations. The National Bank of...


Most read

Columns

Commentaries | Nov 01,2025

How Trump Could Win Over the Developing World

Life Matters | Nov 01,2025

The Subtle Tyranny of 'I Know What's Best'

My Opinion | Nov 01,2025

How Social Protection Can Accelerate Climate Action

Sunday with Eden | Nov 01,2025

A City of Two Worlds

Agenda | Nov 02,2025

Central Bank Lifts Lending Limits on Sharia-compliant Banks

Editorial | Nov 01,2025

Central Bank Misses the Mark on Forex Market Speculation


         ADVERTISEMENT

Read More

Central Bank Misses the Mark on Forex Market Speculation

The National Bank of Ethiopia (NBE) issued a statement two weeks ago that appeared to be a...

Editorial | Nov 1 , 2025

They Melt Batteries to Make a Living, Inhale Poison Without Knowing

On a sun-dappled stretch of Swaziland St., near St. Paul Hospital, north of Addis Abeba, w...

Featured | Nov 2 , 2025 . By REDIET YARED

Central Bank Lifts Lending Limits on Sharia-compliant Banks

The National Bank of Ethiopia (NBE) has reversed a policy that had weighed on the four ful...

Agenda | Nov 2 , 2025 . By NAHOM AYELE

SHARIA-COMPLIANT BANKS WIN REPRIEVE, AWAIT REFORM

The National Bank of Ethiopia (NBE) has scrapped the credit-growth ceiling that had stifle...

Fortune News | Nov 2 , 2025