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

Fortune Logo

Fortune News

  1. Home
  2. Fortune News

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...

Oct 6 , 2024

Ministry Unveils New Patient Safety Guidelines

The Ethiopian Ministry of Health (MoH) has made a significant move toward improving healthcare by launching the country's first-ever National Patient Safety Guideline (NPSG). This guideline aims to ad...

Sep 28 , 2024

FESTIVITY MEETS FRUGALITY

For 43-year-old Alemnesh Neri, the twice-yearly trips from Addis Abeba to her hometown of Gumer was a cherished tradition, a time to reconnect with family and bring gifts from the city. This year, the...

Sep 28 , 2024

Ethiopia's Digital Strides Amid UN's E-Governance Index Low Ranking

Ethiopia's journey into the digital age faces challenges as a recent UN report ranked the country 169th out of 193 countries in the E-government Development Index. Published last week, the survey c...

Sep 29 , 2024

UN-Backed Fund Targets Overlooked Entrepreneurs, Contests Entrenched Banking System

The United Nations-backed initiative spearheaded by the IFL represents a step toward resolving the financing challenges SMEs and startups face. The program seeks to build a robust venture capital syst...

Sep 28 , 2024

Lease Dispute Leads AquaAddis Water Plant Shut Down, Leaving Hundreds Jobless

AquaAddis, one of the pioneer bottled water brands, has abruptly suspended operations at its Burayu plant following a contentious dispute with regional tax authorities over millions of Birr in alleged...

Sep 29 , 2024

Nascent Deposit Insurance Fund Seeks Growth, Faces Funding Shortages

The pioneering sovereign deposit insurer, the Ethiopian Deposit Insurance Fund (EDIF), is undertaking a major step to enhance its operational efficiency vying to deploy an automatic payout system for...

Sep 22 , 2024

FAMILY BUSINESSES STRUGGLE FRAGILE LEGACIES

When her father died suddenly in 2008, Heleanna Georgalis found herself at the helm of Moplaco Trading Plc, a venerable coffee company founded in 1897 during Emperor Menelik's reign. Thrust into leade...


Most read

Columns

Commentaries | Oct 11,2025

Stale Exchange Rates Hide Costs During Debt-for-Equity Conversions

Life Matters | Oct 11,2025

The Savior Complex, When Helping Hurts

My Opinion | Oct 11,2025

Climate Crisis Is Real. The Hysteria Is Not

Sunday with Eden | Oct 11,2025

The Power of Staying Unexplainable

Agenda | Oct 12,2025

TOMATOES TASTE OF INFLATION

Editorial | Oct 11,2025

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


         ADVERTISEMENT

Read More

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

TOMATOES TASTE OF INFLATION

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

Fortune News | Oct 12 , 2025