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Apr 13 , 2024

STRANGLED BANKS, INFLATION CURE'S COST

A severe financial stranglehold has been imposed on the banking industry, undermining businesses due to a loan cap policy imposed by the central bank to control inflation. While reducing inflation to...

Apr 13 , 2024

UNDER STRESS!

In an unprecedented move, the central bank has published its inaugural stress test report, uncovering potential fault lines within the financial sector that could pose systemic risks to the country's...

Apr 13 , 2024

Ethiopia Throws Open Its Market Gates

In a bold departure from its historical position on foreign investment, the federal government has opened the doors of the trade sectors, including export, import, wholesale, and retail, to foreign na...

Apr 13 , 2024

Excise Tax Stamps Rattle Key Industry Players

A proposed excise tax stamp system draws controversy amongst industry leaders in the alcohol, tobacco, beer brewery, and water bottling sectors. While they are wary of added costs, information leaks,...

Apr 13 , 2024

Power Supplier in the Dark

In the aftermath of a scathing performance audit, Ethiopian Electric Power (EEP) finds itself thrust into the spotlight, facing mounting pressure to address systemic failures uncovered by the Office o...

Apr 13 , 2024

Wilting Tariffs Sprout Flower Exports

The recent decision by the United Kingdom to suspend tariffs on fresh-cut flower imports has breathed new life into Ethiopia's floriculture industry, igniting optimism and aspirations for the sector....

Apr 6 , 2024

SUGAR WOES STIR ECONOMIC BITTERNESS

The increasing cost of living has taken a toll on citizens who wrestle with the harsh realities of soaring inflation rates. A visit to the Qera Consumer Association revealed how prices, especially for...

Apr 6 , 2024

Parliament Rolls Out Red Carpet for Tenants

In a landmark move, federal legislators have enacted a sweeping law that promises to fundamentally transform the residential tenancies market, providing a reprieve for tenants with a precariousness of...

Apr 6 , 2024

City Administration Dials Back House Valuation Rates

Officials at the Addis Abeba City Administration have rolled back a house valuation increase set in place less than a year ago, hoping to stimulate activities in a sluggish real estate market. The ini...

Apr 6 , 2024

Businesses Hold Cautious Breath in Economic Headwinds, Report Finds

Two-thirds of small and medium businesses have no plans for new hires in the next year, according to a survey report by First Consult. The consulting firm surveyed 312 companies across four cities and...

Apr 6 , 2024

Shabelle Twirls from Microfinance to Macro Bank, with a Few Missteps on Profit's Tightrope

Shabelle Bank may stand out for its pioneering history as a microfinance institution transitioning to a full-fledged commercial bank. It began with a unique proposition of Sharia-compliant banking ser...

Apr 6 , 2024

Ministries at Odds Over Hide Exports

Ethiopia's leather industry is facing a policy clash between government ministries with officials at the Ministry of Agriculture pushing to remove the export tax on raw hide and skin, while the Minist...

Mar 30 , 2024

BANKING'S GLASS CEILING INTACT

In the banking industry, an indefensible gender imbalance persists at the leadership level. Among the country's 28 commercial banks, only Melika Bedri, president of ZamZam Bank, holds a position at th...

Mar 30 , 2024

Gas Pumps Dry in Addis as Floods Block Vital Import Route

A major fuel shortage, caused by a series of heavy rains that have flooded the critical import route from the ports in Djibouti, has disrupted the regular flow of fuel into the country. The logistical...

Mar 30 , 2024

Ethiopia Bets Big on Reforms While Juggling IMF Grenades

As federal authorities eagerly anticipate the potential billion-dollar International Monetary Fund (IMF) package, a team from the Fund conducted a series of meetings in the capital over the past week...

Mar 30 , 2024

Central Bank Paves Way for National Sharia-Compliant Advisory

National Bank of Ethiopia (NBE) has directed all financial institutions to collaborate on a study aimed at establishing a national Sharia-compliant board to oversee the emerging interest-free banking...


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Columns

Commentaries | Dec 22,2024

Fossil Fuels Arent Going Anywhere Despite Great Energy Transition Myth

Life Matters | Dec 21,2024

Inadequate Regulation Leaves Tenants Vulnerable to Arbitrary Rental Hikes

My Opinion | Dec 21,2024

Universal Human Rights Should Prevail Over Sovereignty's Fragile Facade

Sunday with Eden | Dec 21,2024

Overcoming Emotional Impulses in Decision-Making

Agenda | Dec 22,2024

Fuel Supply Halts as Parallel Market, EV Push Leave Regions, Investors in the Lurch

Editorial | Dec 21,2024

Addis Abeba's Gleaming Facade Masks a Parched Metropolis


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Addis Abeba's Gleaming Facade Masks a Parched Metropolis

The main avenues and thoroughfares of Addis Abeba have undergone an impressive facelift th...

Editorial | Dec 21 , 2024

E-bikes' Flat Tyre Seeks Authorities' Goodwill

For Netey Tesfaye, an electric bike offered a chance at a decent living, delivering goods...

Featured | Dec 15 , 2024 . By KALKIDAN NEGASH

Fuel Supply Halts as Parallel Market, EV Push Leave Regions, Investors in the Lurch

Africa Oil Plc has five of its stations denied fuel supply by the Ethiopian Petroleum Supp...

Agenda | Dec 22 , 2024 . By AKSAH ITALO

Banks Scramble to Reopen After Harer City Shuts Over Forty Branches

The Harer city administration has shut down 43 bank branches, including those of Commercia...

Fortune News | Dec 22 , 2024 . By AKSAH ITALO