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

Fortune Logo

Fortune News

  1. Home
  2. Fortune News

Jan 12 , 2025

Wegagen Bank Casts First Stone in Securities Exchange Pond

Wegagen Bank, lined up to become the first company to list on the newly launched Ethiopian Securities Exchange (ESX), has cleared a key milestone in its quest to go public. On January 10, the Bank reg...

Jan 12 , 2025

Illegal Trade Threatens Export, Tobacco, Pharma Industries

Ethiopia's key industries are battling the contraband trade. Leaders from tobacco, coffee, livestock, and pharmaceutical sectors have called for urgent government intervention to combat the threat. ...

Jan 12 , 2025

Alleged Shareholder Sues Sunpay, Demands Dissolution

An alleged shareholder of Sunpay Solutions S.C., Bruck Fikre, has filed a lawsuit seeking the recovery of his claimed shares, originally valued at 1.3 million Br. The legal action follows a series of...

Jan 12 , 2025

Plastic Ban Fuels Environmental Hope, But Bagging Trouble

Plastic manufacturers are pushing back against a bill banning single-use plastic bags, warning it could upend their industry, eliminate billions of Birr in revenues, and force more than a million...

Jan 12 , 2025

Federal Judge Suspends Addis Chamber's Assembly as Leadership Dispute Intensifies

An abrupt legal dispute has thrust the Addis Abeba Chamber of Commerce & Sectoral Associations (AACCSA) into the limelight, ending its general assembly two days before it was set to convene. A...

Jan 5 , 2025

Pharma Supplier to Build 100 Million Dollar Automated Warehouse

The Ethiopian Pharmaceutical Supply Service (EPSS) plans to construct a 100 million dollars mega warehouse in a bid to modernise and centralise its pharmaceutical storage and distribution. The project...

Jan 5 , 2025

Ethio telecom Expansion Stalls Over Funding, Land Costs

Ethio telecom's ambitious plan to expand infrastructure and improve rural connectivity is facing major setbacks due to funding shortfall and high land lease costs. The state-owned telecom provider nee...

Jan 5 , 2025

Traffic Management Overhaul Digitises Fines, Parking Fees

City transport authorities have launched a new digital traffic management system that has already registered over 600,000 vehicles. The system is expected to save more than 17 million Br annually by r...

Jan 5 , 2025

Earthquake Displaces Thousands, Threatens Kessem Dam

A series of increasingly powerful earthquakes have struck the Afar, Amhara, and Oromia regions, damaging homes and infrastructure, and forcing authorities to scramble to evacuate residents. The quakes...

Jan 5 , 2025

Banks Overhaul Governance as Regulators Tighten Controls on Boardroom Power

Spurred by a set of directives the National Bank of Ethiopia (NBE) issued lately, commercial banks have embarked on a quiet overhaul of their governance structures. Details of how the rules will be...

Dec 29 , 2024

DREAMS BETRAYED, TRAFFICKED, ENSLAVED

A 25-year-old civil engineer graduate left for Thailand in September 2023, lured by the promise of a high-paying digital marketing job. He had struggled to find stable employment after graduating in ...

Dec 29 , 2024

Consumer Unions Become Collateral Damage in a Battle Against Sugar, Oil Distribution Inconvenience

Consumer unions in Addis Abeba are being sidelined as delivery companies take over the distribution of subsidized sugar and cooking oil. The transition has impacted many consumer unions who previously...

Dec 29 , 2024

Pharma Industry Confronts Customs Over Inflated Valuations

Pharmaceutical manufacturers are in dispute with customs officials over alleged inflated valuation of imported raw materials. The Ethiopian Pharmaceuticals & Medical Supplies Manufacturing Industr...

Jan 3 , 2025

Vehicle Importers Fight Back Authorities Over New Tax System

Over 100 vehicle importers have had their bank accounts frozen by tax authorities, while 41 have filed lawsuits against the Addis Abeba Revenue Bureau (AARB) over a disputed vehicle pricing standard,...

Dec 29 , 2024

Foreign Nationals Face Skyrocketing Fees, Unyielding Regulations

Foreign residents are facing higher immigration fees and tighter regulations that have left many confused and alarmed. The Immigration & Citizenship Service (ICS) recently increased renewal costs...

Dec 29 , 2024

Banks Caught in Tax Battle, Raising Investment Slowdown Fears

Banks and insurance firms are battling tax authorities over whether dividends used to pay for unpaid subscribed capital should be taxed. Nearly 25 financial institutions have already paid 5.7 billion...


Most read

Columns

Commentaries | Sep 13,2025

Global Trade Is Winning Trump's War On It

Life Matters | Sep 13,2025

Once a Song, Now a Powerhouse, The GERD Arrives

My Opinion | Sep 13,2025

A Generation Faces the Collapse of Certainty

Sunday with Eden | Sep 13,2025

The Horizon Ahead

Agenda | Sep 13,2025

Student Tax ID Push Triggers Logjam

Editorial | Sep 13,2025

In Climate Talks, Africa Mortgages Tomorrow Simply to Survive Today


         ADVERTISEMENT

Read More

In Climate Talks, Africa Mortgages Tomorrow Simply to Survive Today

At its launch in Nairobi two years ago, the Africa Climate Summit was billed as the forum...

Editorial | Sep 13 , 2025

Digital Payments Reshape Economy While Service Workers Lose Out

The way the Birr moves is changing, and with it, habits that have shaped daily life for ge...

Featured | Sep 14 , 2025 . By NAHOM AYELE

Student Tax ID Push Triggers Logjam

The yellow flush of Aday Abeba flowers has returned to Addis Abeba, heralding the arrival...

Agenda | Sep 13 , 2025 . By NAHOM AYELE and YITBAREK GETACHEW

Monument to National Ambition, Geopolitical Agency

The Grand Ethiopian Renaissance Dam (GERD), Africa's largest hydroelectric power project,...

Fortune News | Sep 15 , 2025 . By AMANUEL BEKELE