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Ethio-Djibouti transport corridor, a vital trade route, is facing severe problems due to deteriorating infrastructure, outdated vehicles, and regulatory disputes, with both sides blaming each othe...

Jan 25 , 2025

Parliament Moves Closer to Establishing Certified Accountants Institute

Parliament is moving close to establishing the country's first institute for certified public accountants and auditors, as a draft proclamation was submitted for ratification following a final public...

Jan 25 , 2025

Embryonic EV Industry Crumbles as Imports Dominate Market

Ethiopia's electric vehicle (EV) industry is under pressure from import competition, rising taxes, and unclear policies. Assemblers cite high taxes, foreign exchange instability, lack of financing, an...

Jan 19 , 2025

THREADBARE TRADITIONS, WEAVING UNRAVELS FAST

The looming scarcity of essential imported materials has overshadowed traditional weaving in Addis Abeba. Weavers recall a time when Timqet festivities meant a flurry of orders in the northern outskir...

Jan 19 , 2025

Hailu Shawel's Family Embroils in Billion-Birr Property Dispute

The family of the late Hailu Shawel, a civil engineer and a prominent opposition leader, is embroiled in a high-stakes lawsuit over assets allegedly worth billions of Birr. His widow and several child...

Edible Oil Industry on the Brink as Factories Shut Down, Succumb to Foreign Competition

The edible oil industry is on the brink of collapse, with the number of fully operating factories plummeting from 60 three years ago to just four. Over 20 manufacturers have permanently closed, while...

Jan 19 , 2025

Finance Shortfalls Entangle Pharma Supplies, Distributions

Pharmaceutical manufacturers have underperformed, failing to deliver 4.1 billion Br worth of medicines to the Ethiopian Pharmaceutical Supply Service (EPSS) over the past two years, according to a rec...

Jan 19 , 2025

New Law Regulates Organ Donation, Restricts Gifting

A recently passed Health Service Administration & Regulation Proclamation legalises the donation and transplantation of organs and tissues, consolidating health service regulations under a single...

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...


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Central Bank Misses the Mark on Forex Market Speculation

The National Bank of Ethiopia (NBE) issued a statement two weeks ago that appeared to be a...

Editorial | Nov 1 , 2025

They Melt Batteries to Make a Living, Inhale Poison Without Knowing

On a sun-dappled stretch of Swaziland St., near St. Paul Hospital, north of Addis Abeba, w...

Featured | Nov 2 , 2025 . By REDIET YARED

Central Bank Lifts Lending Limits on Sharia-compliant Banks

The National Bank of Ethiopia (NBE) has reversed a policy that had weighed on the four ful...

Agenda | Nov 2 , 2025 . By NAHOM AYELE

SHARIA-COMPLIANT BANKS WIN REPRIEVE, AWAIT REFORM

The National Bank of Ethiopia (NBE) has scrapped the credit-growth ceiling that had stifle...

Fortune News | Nov 2 , 2025