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Fortune News

Jul 19 , 2025

Nib Bank Sues Former Directors, Executives

In an unprecedented legal manoeuvre, the management of Nib International Bank (NIB) has filed a sweeping civil lawsuit against 30 of its former board members, senior executives, and audit officials. ...

Jul 19 , 2025

WHEN FAIRNESS COSTS THE SALARIED MORE

In the quiet drizzle over Addis Abeba's streets, tax reform is no longer mere policy. It walks, waits in line, and tightens its belt. Roughly 6.9 million salaried workers across the country, accountin...

Jul 13 , 2025

Revenues Bureau Targets Landlords in Revenue Push

The Addis Abeba City Revenue Bureau has introduced a new directive set to reshape how half a million property owners report and pay taxes. In a sweeping overhaul of its rental taxation regime, and...

Jul 13 , 2025

Addis Ababa Goes It Alone with Record Budget

Addis Abeba has approved a record 350 billion Br budget for the 2025/26 fiscal year, the first in the capital's history to run entirely without federal transfers. Marking a 45.1pc increase over the...

Jul 13 , 2025

VAT Relief Sprouts in Addis, But Roots of Inequality Run Deep

The Addis Abeba Revenue Bureau has scrapped a value-added tax (VAT) on unprocessed vegetables such as onions, potatoes, and their raw cousins, marking a policy shift that could ease household food bil...

Jul 13 , 2025

Parliament Draws Dividend Dispute to a Close

Federal lawmakers have finally brought closure to a protracted and contentious tax debate that has haunted financial institutions for over a year. In a move widely welcomed by banks and insurers, b...

Jul 13 , 2025

Trio Courts Global Cargo Trade with Ambitious Transit Corridor

A multimodal logistics corridor linking Ethiopia, Djibouti, and China aspires to reposition Addis Abeba as a new fulcrum in Africa's freight sector. Backed by an unlikely but potent partnership, th...

Jul 13 , 2025

RINGING IN REFORM

A historic chapter in the domestic financial sector evolution was scripted last week as senior federal government officials convened to formally inaugurate the Ethiopian Securities Exchange (ESX). Gov...

Jul 6 , 2025

Unity at the Budget Vote Tensions at Question Time

The federal legislature gave Prime Minister Abiy Ahmed (PhD) what he wanted: a 1.9 trillion Br budget passed unanimously and without dissent. But what looked like a choreographed display of parliam...

Jul 6 , 2025

Addis Abeba to Launch Sweeping Crackdown on Construction Safety Failures

In a city rising skyward at breakneck speed, a reckoning has arrived. Authorities in Addis Abeba have declared a sweeping crackdown on unsafe construction practices, putting thousands of developers, c...

Jul 6 , 2025

Finance Ministry Mandates Open Access to Digital Payments in Public Sector

A landmark directive from the Ministry of Finance signals a paradigm shift in the country's digital payments architecture. Federal agencies are now required to accept a full spectrum of electronic pay...

Jul 6 , 2025

Awash Bank Stakes Claim in Budding Capital Market with Investment Banking Arm

Awash Bank has announced plans to establish a dedicated investment banking subsidiary with an initial capital outlay of 200 million Br. The move, touted by industry observers as a step signalling grow...

Jul 6 , 2025

Minister Habtamu Bets on a Smoke-Free Future While Flames of Doubt Linger

Habtamu Itafa's Ministry for Water & Energy unveiled a 10-year roadmap for national clean cooking last week, designed to replace traditional biomass cooking with electric, fuel-efficient, and sola...

Jul 6 , 2025

Tax Audits Unnerve Farm Cooperatives as Liabilities Mount

Fetena Shifa never imagined that an audit would threaten the future of the Bench Maji Farmers Association Union, one of 110,584 primary cooperative unions in Ethiopia. As General Manager of the Union...

Jun 29 , 2025

PRIVATE EDUCATION COSTS CLIMB FAST

Addis Abeba's first rains have coincided with a sweeping rise in private school tuition, prompting the city's education regulators to cap increases between 40pc and 65pc after most schools sought hike...

Jun 29 , 2025

Central Bank Claims Monetary Policy Overhaul as Forex Reforms Take Root

Central Bank Governor Mamo Mihretu claimed a bold reconfiguration of monetary policy and foreign exchange management, marking a break from years of fiscal dominance, closed financial architecture, and...

Columns

Commentaries | May 09,2026

Every Encounter with the State Should Not Become an Invoice

The Ethiopian state appears to have discovered a fiscal instrument that is politically con...

Editorial | May 9 , 2026

CAKE Takes the Place of Wine in Addis Abeba’s Social Visits

Weeks after the Easter holiday, Addis Abeba has slipped back into its ordinary pace. The h...

Featured | Apr 26 , 2026 . By MASTEWAL ZEMENE and BEZAWIT HULUAGER

Period Poverty Crisis Forces Women to Pay For Dignity

Luladay Abraham treats the arrival of her menstrual cycle less as a private inconvenience...

Agenda | May 9 , 2026 . By HELINA HADGU and MASTEWAL ZEMENE

FED'S COSTLY TURN FROM MONEY PRINTING PILES PRESSURE ON BUDGET

Finance Minister Ahmed Shide entered the last quarter of the fiscal year with a budget und...

Fortune News | May 9 , 2026 . By NAHOM AYELE