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Fortune News

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...

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...

Columns

Commentaries | Oct 11,2025

The Human Flight a Failure of Political Imagination, Not a Mere Economic Policy

Ladislas Farago, a roving Associated Press (AP) correspondent, arrived in Ethiopia in 193...

Editorial | Oct 11 , 2025

TRADITION THRIVES AS COSTS CLIMB

As dawn broke over Addis Abeba last week, the city's arteries pulsed not with the usual we...

Featured | Oct 5 , 2025 . By REDIET YARED

TOMATOES TASTE OF INFLATION

Tomato prices in Addis Abeba have surged to unprecedented levels, with retail stands charg...

Agenda | Oct 12 , 2025

Ministry Shifts Gears as Number Plate Change Fuels Debate

A sweeping change in the vehicle licensing system has tilted the scales in favour of elect...

Fortune News | Oct 12 , 2025 . By BEZAWIT HULUAGER