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Fortune News

Oct 27 , 2024

Forex Policy Repeal Jolts Local Pharma Industry

The recent repeal of a 55pc foreign currency allowance for raw material imports has disrupted the pharmaceutical sector, leading to operational issues and heightened uncertainty. The move aligns with...

Oct 27 , 2024

Central Bank Turns to Private Banks to Keep Fuel Flowing

The National Bank of Ethiopia (NBE) has enlisted private banks to shoulder a substantial portion of the foreign currency needs for fuel imports, a role previously tightly controlled by the state. Its...

Oct 27 , 2024

Election Board Tightens the Reins on Political Parties

The National Election Board of Ethiopia (NEBE) has implemented a sweeping hike in fees for political party registrations and document amendments. The move aims to discourage frivolous party formations...

Oct 27 , 2024

Banks Battle Retroactive VAT Demands

Commercial banks find themselves in a quagmire following the implementation of the new Value Added Tax (VAT) Proclamation, ratified in July 2024. Confusion has permeated the sector as tax authorities...

Oct 20 , 2024

Oilseeds, Pulses Exports Break Free from Exchange Floor

Pulses and oilseeds are poised to be transacted through direct contacts between suppliers and exporters, marking a departure from the previous system that relied on the Ethiopian Commodity Exchange (E...

Oct 20 , 2024

Public Transport Tariffs Surge With Fuel Price Hikes

Public transportation fares in Addis Abeba increased two-fold following last week's fuel price hikes, marking the first fare adjustment in a year. The decision from Addis Abeba Transport Bureau comes...

Oct 25 , 2024

Authority Unveils Securities Trading, Investor Protection Bills

Ethiopia's long-awaited capital market is taking shape. Last week, officials unveiled two key draft directives for public consultation—one on Self-Regulatory Organisations (SROs) and another on the...

Oct 13 , 2024

COFFEE EXPORTERS ROAST CURRENCY RULES

A new directive by the Central Bank requiring coffee exporters to convert half of their foreign exchange earnings into local currency within 30 days is causing upheaval in the crucial coffee industry...

Oct 13 , 2024

Regulatory Storm Looms Over Microfinance as Auditing Flops Spark Crackdown

The National Bank of Ethiopia (NBE) is heightening its regulatory oversight of microfinance institutions, fortifying a sector that has proliferated but faces mounting risks due to inadequate financial...

Oct 13 , 2024

Fertiliser Shortfall Worries Cast Shadow Over Agricultural Ambitions

Despite a substantial boost in budget and import volumes, farmers may contend with fertiliser shortages that could impact agricultural productivity in the coming farming season. The Ministry of Agricu...

Oct 13 , 2024

Rising Fuel Prices Ignite Concerns Over Subsidy Impact, Economic Strain

Fuel prices have spiked, exacerbated by global supply disruptions and a weakening Birr, leading to higher transportation and production costs. The federal government has announced close to 10pc increa...

Oct 13 , 2024

Ethiopia Fully Opens Logistics to Foreign Capital

In a significant policy shift, authorities have fully opened the logistics and transport sector to foreign investors. Minister of Transport and Logistics Alemu Sime (PhD) announced that 100pc foreign...

Oct 6 , 2024

TRADITION COLOURS CITY'S EVOLVING PULSE

On Saturday, October 5, 2024, Mesqel Square transformed into a vibrant venue for colour and culture, as tens of thousands gathered to celebrate Irreecha, the annual Thanksgiving event. The air was fil...

Oct 6 , 2024

Pharma's Export Ambitions Meet Regulatory, Capacity Hiccups

The pharmaceutical industry is moving to export their products overseas, aiming to reach 15 new markets in east and central Africa in the next two years while increasing annual export revenue by 20pc...

Oct 6 , 2024

Capital Market Tax Reform Demands Face Reality Check as Gridlock Mounts

Senior officials of the Ministry of Finance are racing to establish a regulatory framework that breathes life into the nascent capital market. The plan is to integrate incentives into an income tax la...

Manufacturers Plead for Relief as Delays Stall SEZ Lifeline

Manufacturers press federal authorities to speed up the transformation of industrial parks into special economic zones (SEZs), a shift they see as vital to their survival during mounting economic pres...

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