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Audit Finds Millions Unspent as Transport Ministry Wrestles with Merger Delays

The Ministry of Transport & Logistics faced scrutiny after federal auditors uncovered financial irregularities, including unused funds, delayed projects, and procurement anomalies tied mainly to a...

Mar 30 , 2025

Fuel Shortage Fuels Parallel Market in Tigray State as Supplies Falter

Tigray Regional State is experiencing an acute fuel shortage that has impacted agriculture, disrupted businesses, and led to the rapid expansion of an illicit fuel market. Regional officials blame fed...

Mar 23 , 2025

A Trailblazer Returns to Build What Never Was

Brutawit Dawit, a veteran banker with extensive experience in the financial sector, has been appointed to lead Ethiopia's one of the first investment banks, Wegagen Capital Investment Bank S.C. (W...

Mar 23 , 2025

Logistics Shake-Up Lets Rivals In But Leaves ESL Steering the Ship

The opening of the logistics sector to multimodal operations has come with tight restrictions, reserving key strategic commodities and trade routes exclusively for the state-owned giant, the Ethiopian...

Authorities' Bid for Digital Quality Sparks Fury Among Cash-strapped Businesses

The Institute of Ethiopian Standards has introduced revised fees and new product marking systems targeting quality, accountability, and revenue collection. Its authorities say digital transformation i...

Mar 23 , 2025

Prime Minister Touts Growth as Subsidies Soar, Poverty Deepens

Prime Minister Abiy Ahmed (PhD) appeared before Parliament last week to deliver a narrative filled with abundant optimism, stressing impressive economic growth over the past eight months. Yet, beneath...

Mar 23 , 2025

Edible Oil Runs Dry as Beans Go Global

The hum of machines has grown quiet in the busy processing plants on the outskirts of Addis Abeba. Factories that once churned out edible oil and animal feed are shutting down, caught in a storm trigg...

Mar 16 , 2025

Tax Squeezed, Businesses Cry Foul as Penalties Mount

A new directive is beginning to shake up the tax regime with tougher penalties for non-compliance. Federal tax authorities are claiming to fight under-reporting and boost revenue collections. Under Ay...

Mar 16 , 2025

BREWS FEEL HEAT OF SPIRALING PRICES

Traditional coffee vendors in Mesalemia neighbourhoods embody a dilemma now playing out across the capital. Within a week, bean costs soared by 100 Br from 650 Br, forcing them to charge 25 Br a cup,...

Mar 21 , 2025

Transport Authorities Break State Monopoly on Logistics

In an unambiguous policy shift, the federal government has granted operational licenses to three companies, marking a decisive move toward liberalising the country's logistics sector. It marks a depar...

Mar 19 , 2025

In Amhara Regional State, New Taxes Promise Growth, But Stoke Concern among Businesses

Local authorities in towns across the Amhara Regional State have begun enforcing newly revised tariff rates, seeking to generate revenue through municipal service fees. The regional government approve...

Mar 16 , 2025

In Tigray State, Businesses Struggle as War-Torn Region Faces Steep Levies

Two years after the civil war left Tigray Regional State in ruins, a contentious effort to rebuild the region is now underway as municipal tariffs have been reintroduced to fund essential infrastructu...

SHEGER'S SOARING LEASE IMPERIL MANUFACTURERS

The producer of ‘Arki' water, SBG Industry Plc has been forced to suspend operations for two weeks after a dispute with Sheger City Administration officials. The company was abruptly served with a d...

Mar 9 , 2025

Kegna Beverages Pours $250m Into Beer Market Taking On Giants

Kegna Beverages S.C. is making a 250 million dollar investment in the beer market, aspiring to emerge as a leading bottler in a the brewery industry. Prime Minister Abiy Ahmed (PhD) recently visite...

Mar 9 , 2025

Insurers Reel Under Reporting Standard Strain, as Actuarial Drought Stalls Compliance

A bill mandating an international financial reporting standard has intensified the frantic hunt for actuaries, exposing a severe shortage that compels insurers to seek expertise abroad. Regulators exp...

Mar 14 , 2025

New CEO Appointed to Lead Ethiopian Insurance Corporation's Public Listing Push

Brook Taye (PhD), CEO of Ethiopian Investment Holdings, has announced the appointment of Abel Tadesse as the new CEO of the Ethiopian Insurance Corporation (EIC), following board of directors' approva...

Columns

Commentaries | Apr 13, 2025

Officials Bank on Student Service to Patch a Fractured Country

The federal government will soon require one year of national service from university stud...

Editorial | Apr 13 , 2025

When the Lift Lets Users Down

Key Takeaways: Human stories, like Hiwot's and Mekdes', reveal dire safety lapses i...

Featured | Apr 6 , 2025 . By YITBAREK GETACHEW

Trenches of Tax Turmoil

Key Takeaways: Merkato's bustling trade shows signs of a slowdown, manifesting deep...

Agenda | Apr 13 , 2025 . By BEZAWIT HULUAGER

MERCATO TAXED TO SILENCE

Some parts of Merkato have fallen uncharacteristically silent, contrary to its typical bus...

Fortune News | Apr 13 , 2025