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Feb 9 , 2025

Oversight Failures Ignite Parliamentary Wrath as Investment Audit Reveals Deep Flaws

The Ethiopian Investment Commission is under intense scrutiny after the Federal Auditor General's findings revealed years of alleged oversight failures. The report shows that, over the past 26 year...

Aug 2 , 2025

Oromia Bank Installs New Chair in Governance Overhaul, Profit Slump

Oromia Bank has elected a new board chairperson following the resignation of Assefa Sime (MD), after serving the role for over a year, replaced by Tilahun Gemechu, a senior advisor in the business and...

Feb 9 , 2025

Road Projects in Crisis as Compensation Disputes, Budget Shortfalls, Incompetence Stall Construction

The Ethiopian Roads Administration (ERA) has suspended 27 road projects due to security concerns, contractor disputes, supply chain disruptions, budget shortfalls, and surging compensation claims. The...

Feb 9 , 2025

Authority Introduces Education Quality Audit System as Sector Faces Crisis

The Education & Training Authority (ETA) is set to implement a standardised quality audit system for all higher education institutions (HEIs), including universities and Technical & Vocational...

Feb 9 , 2025

Flour Millers Struggle as Taxes, Duties, Lending Crunch Bite

Flour millers are facing severe financial strain, with rising taxes, customs duties, and financing shortages pushing many factories to the brink of closure. The Ethiopian Millers Association (EMA), wh...

Feb 1 , 2025

PROSPERITY'S PROMISES, ETHIOPIA'S RECKONING

The incumbent Prosperity Party (PP) rallied 1,200 of its ranks amid a turbulent political and economic environment, convening its second convention five years after its establishment. Mustered for two...

Feb 2 , 2025

Banks Hike Lending Rates as Liquidity Tightens, Leaving Borrowers in the Lurch

A notable wave of lending rate increases is reshaping the financial sector, following major banks adjusting their rates upward, with some reaching as high as 22pc. Several banks, including Oromia, Coo...

Feb 2 , 2025

Authority's Coffee Ban Roils Industry as Exporters Cheer, Farmers Reel

The coffee industry is reeling after the Ethiopian Coffee & Tea Authority (ECTA) abruptly banned the export of grade-five coffee. The Authority is tightening regulations on vertical integration to...

Feb 2 , 2025

Dispute Deepens at Addis Chamber as Abera Abegaz Challenges Election

The controversy surrounding the Addis Abeba Chamber of Commerce & Sectoral Associations (AACCSA) has escalated as board member Abera Abegaz demands enforcement of a court ruling that overturned hi...

Feb 2 , 2025

Central Bank Extends Loan Repayment Period for Tigray Businesses

Businesses and traders in the Tigray Regional State have been granted a one-year extension on loan repayments totalling 86 billion Br, offering temporary relief after the devastating two-year conflict...

Feb 2 , 2025

Utility Expands Smart Metre Installation to Curb Power Theft, Improve Service

The Ethiopian Electric Utility (EEU) is rolling out smart electric metres across Addis Abeba to combat power theft, enhance customer service, and modernise its infrastructure. The project, funded by t...

Jan 25 , 2025

MOTORISTS HIT BRAKES ON TOUGHER FINES

Many motorists face new and stricter traffic regulations introduced by the Council of Ministers. The regulations include a three-tier penalty system with higher fines and demerit points, hitting offen...

Jan 25 , 2025

Capital Crossfire Catches Geez Bank, Promoters Bicker Over Future

Geez Bank, a nascent commercial bank, currently under formation, is embroiled in a tense dispute that has overshadowed its promoters' plans to begin operations. Organisers are divided over whether to...

Jan 25 , 2025

Leather Exports Face a Hard Floor as Officials Try to Patch Forex Crunch

Ministry of Industry (MoI) officials have taken exporters by surprise, imposing minimum export prices for 12 leather products, a move they say is designed to raise foreign currency earnings and fight...

Jan 25 , 2025

Hibret Bank Names Tsigereda Tesfaye as President During Shifting Industry Dynamics

Hibret Bank's board of directors, chaired by Samrwit Getamesay, has nominated Tsigereda Tesfaye as its sixth president, submitting the request for regulatory clearance to the National Bank of Ethiopia...

Jan 25 , 2025

Ethiopia, Djibouti Trade Blame Over Deteriorating Corridor

The Ethio-Djibouti transport corridor, a vital trade route, is facing severe problems due to deteriorating infrastructure, outdated vehicles, and regulatory disputes, with both sides blaming each othe...


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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