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Fortune News

Dec 22 , 2024

Banks Scramble to Reopen After Harer City Shuts Over Forty Branches

The Harer city administration has shut down 43 bank branches, including those of Commercial Bank of Ethiopia (CBE), Awash, Dashen, Zemen, and Berhan banks. The city administration attributed the closu...

Dec 22 , 2024

Tax Bureau’s Salary Standard Triggers Dispute Over Hidden Minimum Wage

The Addis Abeba Revenue Bureau's new salary standards for tax purposes have caused backlash from manufactures, service providers, and industry leaders. Businesses opposed the move stating the decision...

Dec 22 , 2024

Police University, Immigration Services Caught with Financial Mismanagement

An audit report presented to Parliament last week revealed financial irregularities at the Ethiopian Police University, including 86 million Br deposited into two accounts unauthorised by the Ministry...

Jan 3 , 2025

High-Stakes Ownership Dispute Pits Property Against Contract Law

The legal battle between BGI Ethiopia, a leading brewery, and Zewdnesh G. Asrat has centred on a debate whether the case should be treated as a property rights or a contractual dispute. In the open...

Jan 3 , 2025

Forex-Driven Fees Ignite Parental Fury in Addis Abeba's Schools

For many families in Addis Abeba, the new school year has brought an unwelcome surprise. Rapidly rising tuition fees at some of the city's most prominent international schools have prompted parents to...

Dec 22 , 2024

FUEL POLICY DRAINS ECONOMIC ENGINES

A newly drafted proclamation from the Ministry of Trade & Regional Integration (MoTRI) threatens to clamp down on contraband fuel sales and tighten regulation through digital payment mandates. How...

Dec 15 , 2024

STITCHED IN STRIFE - STARVED DREAMS

Industrial park workers struggle for wages so low that daily survival becomes an act of endurance. Faced with stagnant wages in factories that lure foreign brands with cheap labour, some workers turn...

Dec 15 , 2024

After Billions Poured, the Fields Stay Parched, Minister Admits

Abraham Belay (PhD), minister of Irrigation & Lowlands, has placed a five-fold budget increase from the Ministry of Finance to address mounting delays and flaws in its irrigation projects, subjected t...

Dec 15 , 2024

Coffee Actors Enthused, Anxious Over Record Price Surge

International coffee prices hit a record high after 47 years last week, sending ripple effects on the Ethiopian growers and exporters. Arabica coffee hit a high of 3.44 dollars per pound before coolin...

Dec 15 , 2024

Draft Law Targets Lead-Acid Battery Risks, Tightens Regulations

A drafted directive by the Environmental Protection Authority (EPA) set stricter regulations on lead-acid batteries (LABs) and mandates recycling of utilised LABs. The proposed law introduces tighter...

Jan 3 , 2025

Property Tax Plan Spurs Battle Over Costs, Equity, Economic Survival

Federal legislators are wrestling with a bill tabled before Parliament that would overhaul how taxes are levied on land use rights and housing properties, igniting a contentious debate among officials...

Dec 8 , 2024

IN DIGITAL ID, PROMISE MEETS CHAOS

The National ID Program, a.k.a Fayda, has met citizens with the kind of contention that bruises optimism. Many thought it would lighten the load of everyday transactions, but found themselves wrestlin...

Dec 8 , 2024

Khat Trade Wilts, While Farmers, Exporters Bear the Bitter Cost

The once-thriving khat trade is unravelling, leaving farmers and exporters trapped between unauthorised checkpoints, rising tax burdens, and a surge in contraband trade. The leafy stimulant once sust...

Jan 3 , 2025

Drugs Procurement Planned Overhaul Targets Chronic Supply Ailments

The drug supply chain may soon see its most important overhaul in years as a proposed directive transfers full procurement authority for pharmaceutical supplies from the Public Procurement & Prope...

Dec 8 , 2024

Authority Rolls Out Red Carpet for First Securities Exchange

Ethiopian Capital Market Authority (ECMA) has taken its final step in establishing the foundation for the country's nascent capital market as it granted two operational licences to the first security...

Jan 3 , 2025

Central Bank Report Flags Widening Vulnerabilities in Banking Sector

The National Bank of Ethiopia's (NBE) second annual financial stability report reveals growing cracks in the banking system, raising alarms over operational risks, liquidity shortfalls, and a constrai...

Columns

Commentaries | Sep 13,2025

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