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Fortune News

Dec 8 , 2024

Africa Secures $29b Windfall, But Risks Loom Over Investment Surge

After three days of back-to-back boardroom discussions and deal-making sessions, the African Investment Forum recorded a fresh influx of 29.2 billion dollars in new investor interest, exceeding earlie...

Dec 1 , 2024

FRANCE'S SOFT POWER MAKEOVER

France and Ethiopia have reinforced their bilateral relationship with a landmark agreement signed on Saturday, November 30, 2024, increasing access to education and preserving cultural heritage. Durin...

Dec 1 , 2024

Addis Abeba Tightens Fire Safety Rules Fighting Rising Blazes

Addis Abeba is taking a hard look at its fire safety protocols as the city's Fire & Disaster Risk Management Commission introduces a directive to reduce fire incidents by over 70pc, a move that has bu...

Dec 1 , 2024

Investment Holdings Revamps CBE's Boardroom

Brook Taye (PhD), CEO of Ethiopian Investment Holdings (EIH), Ethiopia's sovereign wealth fund, has appointed three individuals to the board of the state-owned Commercial Bank of Ethiopia (CBE), follo...

Dec 1 , 2024

Parliament to Phase Out Urban Freehold Tenure

A bill proposing sweeping reforms to the urban land lease system was tabled in Parliament last month, introducing major changes to land tenure and administration. The legislation, prepared by the Mini...

Jan 3 , 2025

Weathering Sustainability Auditing Storm

Accounting & Auditing Board of Ethiopia (AABE) is urging accountants and auditors to adopt international standards on climate risk and sustainability disclosures. The call comes as global investor...

Dec 1 , 2024

Djibouti Bets Big on Ethiopia's Recovery Despite Regional Strains

Djibouti remains cautiously optimistic in its relations with Ethiopia, its largest neighbour, offering an anchor for economic recovery and growth in the Horn of Africa. Its leaders aspire for integrat...

Dec 1 , 2024

Millions Confront Deadly Hunger as Conflicts, Climate Pressures Intensify

Ethiopia is confronting a severe food insecurity crisis, with 15.8 million of its citizens facing acute hunger, according to a joint report by the United Nations Food & Agriculture Organisation (F...

Nov 24 , 2024

TAXING TIMES AT MERCATO

Business owners in Mercato were reeling from a crackdown on tax compliance that has disrupted the heart of the capital's commerce. Tax authorities have intensified efforts to enforce receipt issuance...

Nov 24 , 2024

In Civil Service Overhaul, Pay Raises Spark Hope, Inflation Fuels Doubt

The federal government is to establish a Merit & Wage Board, chaired by the Prime Minister, to oversee wage adjustments for the country's 2.4 million civil servants. The seven-member board include...

Nov 24 , 2024

Lingering EV Charging Station Regulations Stifle Investors

Months after the Institute of Ethiopian Standards introduced benchmarks for electric vehicle (EV) battery lifespan and capacity, the absence of accompanying standards for charging stations has stalled...

Nov 24 , 2024

Arada District Land Auction Sees Dwindling Interest

The third day of land auctions in Addis Abeba saw one of the lowest participation rates, with many sites failing to attract sufficient interest despite it coming after a two-week postponement. Held...

Nov 24 , 2024

Agri Ministry Targets Animal Disease Control, Traceability, Global Standards

Ministry of Agriculture is poised to transform the livestock sector with a bill that introduces a national veterinary laboratory network and a traceability system. The Animal Health & Welfare Act...

Nov 24 , 2024

Sidama Region Fuel Shortage Fuels Parallel Market Surge, Testing Officials' Resolve

Sidama Regional State is gripped by a severe fuel shortage, forcing regional officials to confront a thriving parallel market and deep-seated issues within the petroleum supply chain. Despite state in...

Nov 16 , 2024

MALARIA SURGE, HEALTH SYSTEMS BUCKLE

Malaria, a persistent threat in rural areas, is resurging with alarming intensity in 2024, exposing deep-rooted systemic issues aggravated by climate change and inadequate health infrastructure. In th...

Nov 16 , 2024

Land Auction Sets High as Speculation Fuels Property Boom

A bidder stunned land auction participants by offering a record-breaking offer for a plot in the Nifas Silk Lafto District. Her bid, about 744pc higher than the next highest offer, could come with an...

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