FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers New TRADE AFRICA New

Fortune Logo

Fortune News

  1. Home
  2. Fortune News

Sep 21 , 2025

Audit Sector Buckles Under Weight of Global Standards

The Ethiopian Accounting & Auditing Board (AABE) has laid bare a sector struggling with the contradictions of ambition and reality. The Board's audit quality review, years in the making and now ha...

Sep 21 , 2025

Fed Ramps Up Climate Spending While Debt, Social Services Strain

The federal government is staking a growing share of its expanding budget on climate resilience, an act seen as a political will that may double as economic self-harm, a new cross-country analysis by...

Sep 21 , 2025

Bitcoin Miners Hit Power Wall as Power Company Prioritises Grid Access Over Digital Gold Rush

Executives at the Ethiopian Electric Power (EEP) have ruled out any new electricity allocations for Bitcoin mining firms, closing the door, at least temporarily, on expansion plans by global heavyweig...

Sep 15 , 2025

Monument to National Ambition, Geopolitical Agency

The Grand Ethiopian Renaissance Dam (GERD), Africa's largest hydroelectric power project, was formally inaugurated last week, ending a 14-year journey marked by intense national pride, financial impro...

Sep 13 , 2025

MEGA-DAM POWERS UP

The initial budget in 2011 was 80 billion Br, but this figure swelled to a revised cost of 240 billion Br by 2024, a challenge that was exacerbated by currency depreciation and devaluation which saw t...

Banks Face Mounting Pressure to Embrace Sustainability as Capital Market Opens

Banks are facing growing pressure to make sustainability central to their operations as regulators and international partners push for stronger disclosure and transparent reporting. Lenders are being...

Sep 15 , 2025

City Cabinet Overhauls Construction Rules Despite Developer Frustration

The Addis Abeba City Cabinet has enacted a landmark reform to its long-contentious setback regulations, a policy city officials say is meant to modernise urban governance and unlock long-stalled devel...

Sep 13 , 2025

Hospital Charts Capital Market Debut During Push for Public-Private Venture

Washington Health Care (WHC), a private healthcare provider founded by U.S.-trained physician Markos Feleke (MD), is preparing to go public and break ground on a 240-million-dollar tertiary hospital....

Sep 13 , 2025

Coffee Sector Faces Tough New Rules Targeting Export Diversion

The coffee industry, long a symbol of national pride and a vital source of foreign exchange, is undergoing a sweeping regulatory overhaul, stamping out systemic abuse and restoring global trust in exp...

Sep 7 , 2025

Addis Abeba's Land Auction Spurs Bidding Frenzy During Affordability Concerns

Addis Abeba's sixth public land lease auctions after a five-year pause delivered mixed signals for the capital's volatile real estate market. While the highest land price plunged nearly 58pc from its...

Sep 7 , 2025

Soverign Fund's Foray into Gold Mining Sparks Debate Over Risk Appetite, Strategy

Brook Taye (PhD), the chief executive of the Ethiopian Investment Holdings (EIH), is steering the sovereign wealth fund into uncharted terrain. EIH's latest equity injection into Akobo Minerals, a Nor...

Sep 7 , 2025

Hundreds Evicted Overnight in Atena Tera as City Eyes Modernisation

For decades, Shemiz Tera in the Addis Ketema District of Atena tera has been a thriving hub for the garment trade, which has become a vital source of income for nearly 500 households. The busy mark...

Sep 7 , 2025

Homebuyers Sue Over Housing Scheme as 29M Br Dispute Unfolds

A dream of affordable homeownership has dissolved into a courtroom showdown for hundreds of Ethiopians, as 236 people filed a class-action lawsuit against Key Housing Finance Solutions and Bunna Insur...

Sep 7 , 2025

Sudden Tax Overhaul Jolts Business Community, Fuels Confusion Over VAT Transition

The federal tax officials' abrupt tax reform, which suspends the long-standing Turnover Tax (TOT) and replaces it with an expansive Value Added Tax (VAT) regime, has ushered in confusion, liquidity st...

Sep 7 , 2025

DESERTS, DREAMS, AND DIGNIFIED CAPITALISM

They arrive from different corners of the nascent capital-market frontier, but when Hana Tehelku, Wolde Bulto, Zemedeneh Negatu and Tewedaj Gezahegn speak, a shared preoccupation surfaces. Survival se...

Aug 30 , 2025

DASHEN BANK'S NEW REMITTANCE GATEWAY ENTERS THE RING

At a high-profile event held at the Sheraton Addis last week, the launch of Dashen Bank's new digital remittance platform was marked by the attendance of notable figures in the financial sector. Mamo...


Most read

Columns

Commentaries | Oct 04,2025

A Citizens' Budget Promised While Austerity Creeps Through the Back Door

Life Matters | Oct 04,2025

When the Price of Survival Becomes the Ultimate Luxury

My Opinion | Oct 04,2025

What's Next for Multilateralism?

Sunday with Eden | Oct 04,2025

Arrivals, Departures, and the Human Heart

Agenda |

Textbook Shortages Mount as School Year Advances

Editorial | Oct 04,2025

Central Bank Loosens Credit Reins But Stops Short of Bold Overhaul


         ADVERTISEMENT

Read More

Central Bank Loosens Credit Reins But Stops Short of Bold Overhaul

Eyob Tekalegn (PhD) had been in the Governor's chair for only weeks when, on September 29...

Editorial | Oct 4 , 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

Textbook Shortages Mount as School Year Advances

The school year in Addis Abeba began almost a month ago, yet across the capital, thousands...

Agenda |

Mesfin Rebrands to Overcome Wartime Shadow

In Meqelle, a name long associated with industrial grit and regional pride is undergoing a...

Fortune News | Oct 5 , 2025 . By NAHOM AYELE