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Fortune News

Sep 9 , 2024

Businesses Struggle Under Weight of Economic Burdens

A chorus of complaints from business leaders is growing louder, as a web of macroeconomic pressures, security challenges, and policy bottlenecks continue to cripple operations. At a recent meeting...

Sep 8 , 2024

HERITAGE FUELS MUSICAL FUSION

Imagine a breathtaking symphony of soundscapes where tradition dances with modernity, guiding listeners on an exhilarating musical voyage through the vibrant heart of a country. Pulsating beats sync w...

Sep 8 , 2024

Fed Opens Doors to Refugee Economic Integration

Ethiopia has taken a step to integrate refugees and asylum seekers into its formal economy with a new directive aimed at unlocking employment opportunities for over a million displaced individuals. Th...

Sep 8 , 2024

From Rescue to Resignation Yohannes Ayalew Departs Policy Bank

Yohannes Ayalew (PhD), credited with steering the state-owned Development Bank of Ethiopia (DBE) away from financial turmoil and restoring its credibility, stepped down as president last week after a...

Sep 8 , 2024

Rating Africa: A Double-Edged Sword

The credit rating industry, long a subject of both influence and controversy, has drawn government officials and experts from across the African continent together to discuss its impact. A recent U...

Sep 1 , 2024

Djibouti Offers Ethiopia Strategic Port's Full Control in Bid to Ease Regional Tensions

In a landmark diplomatic manoeuvre sought to defuse rising tensions in the Horn of Africa, Djibouti has extended an unprecedented offer to Ethiopia of complete management control of the strategic Port...

Sep 1 , 2024

Commercial Banks in VAT Crosshairs

The Ethiopian Bankers Association (EBA) has voiced strong objections to a draft regulation on Value Added Tax (VAT) under review by the Ministry of Finance. Its leaders argued that the proposal could...

Sep 1 , 2024

Tigray Businesses Call for Post-Conflict Loan Relief

Representatives of businesses and traders in Tigray Regional State are calling for loan repayment extensions and interest write-offs totalling 60 billion Br, after a devastating two-year conflict that...

Sep 1 , 2024

Purpose Black's High-Rise Ambitions Hit Hard Ground Following Executives' Arrests

Purpose Black S.C. an aspirant real estate and grocery store chain investor, is facing a serious crisis as its newly appointed Chief Executive Officer (CEO), Ermias Birhanu (PhD), and three other top...

Sep 1 , 2024

Central Bank Reforms Seek to Revive Faltering Market During Economic Headwinds

The National Bank of Ethiopia (NBE) has revised its premium pricing strategy for gold miners and suppliers in a bid to revive the struggling gold market. Effective August 29, 2024, the new directive i...

Aug 25 , 2024

PHASE TWO BEGINS

The Addis Abeba city administration has a mammoth task at hand with launching the second phase of its corridor development project, designed to breathe new life into the city. On the horizon is the tr...

Aug 25 , 2024

Outsourcing Aspirations

The emerging outsourcing sector, still in its infancy, is rapidly recognised as a critical component of the country's economic growth strategy. Federal authorities see potential in this sector for job...

Aug 25 , 2024

Finance Ministry Relaxes Import Requirements

The Ministry of Finance has lifted the 250,000-dollar cap on franco valuta imports, allowing for the import of all goods except fossil fuel-powered automobiles and security and defence equipment. The...

Aug 25 , 2024

Ambitious Expansion Plans Set to Reshape Three Districts

The Addis Abeba City Administration's ambitious urban development initiative is set to expand into other districts with the launch of the second phase of its corridor development project. The new phas...

Aug 25 , 2024

Power Producer Earns $27 Million from Data Miners

The state-owned power producer, Ethiopian Electric Power (EEP), has earned 27 million dollars from electricity sales to data miners in less than a year. CEO Ashebir Balcha disclosed that they achieved...

Aug 18 , 2024

DEBRIS OF DESPAIR

Last week, a dramatic disaster unfolded when vehicles parked in a maintenance yard in the Merkato neighbourhood were battered by construction debris. The unfortunate incident hit hard as insurance pol...

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