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Fortune News

Sep 22 , 2024

Getu Gelete, Family Takes an Unlikely Leap into Forex Frenzy

Get-As International Plc, a recognised conglomerate under the family of business magnate Getu Gelete, is positioning itself to become one of the three pioneer non-bank foreign exchange bureaus. Operat...

Sep 22 , 2024

Fed Calls Finance Sector to Foot Wollega Development Bill

Federal authorities are urging banks and insurance companies to contribute hundreds of millions of Birr to pay for a major development project in the Wollega region, in Oromia Regional State, a develo...

Sep 22 , 2024

Public Transporters in Crosshairs

Public transporters are facing financial constraints following the order of transport authorities to undergo a transition from associations to commercial entities. Last month, leaders of the Addis Abe...

Sep 22 , 2024

Fed Unveils New Tool for Tourism’s True Economic Impact

Ethiopia has taken a significant step in tourism data analysis by introducing the Tourism Satellite Account (TSA), a framework for quantifying the sector's contribution to GDP, investment, and employm...

Sep 14 , 2024

SOARING PRICES DAMPEN FESTIVE SPIRITS

The stalls of Atkilt Tera market in Addis Abeba were uncharacteristically empty. Onions, a staple of Ethiopian cuisine and indispensable for holiday meals, have become scarce and prohibitively expensi...

Sep 14 , 2024

Wage Reform Fails to Soothe the Civil Service

Federal authorities are proceeding with a wage reform for the public service, a long-anticipated move to address economic hardships among public employees. According to officials familiar with the mat...

Oct 21 , 2024

Authority Targets Food Additives to Safeguard Public Health

A new directive regulating food additives has been introduced, marking a step in safeguarding public health. The directive aims to control the unauthorised use of potentially harmful additives in food...

Sep 14 , 2024

Civil Registry Overhauls Digital Infrastructure to Boost Public Services

The Civil Registration & Residency Service Agency (CRRSA) has undergone a major overhaul, upgrading its network and digital systems across the city. The new systems aim to resolve longstanding ser...

Sep 14 , 2024

Addis Abeba Demands Buildings Open Parking Spaces to Public

Buildings in Addis Abeba are mandated to open their parking spaces to the public, as part of a broader effort to address the city's persistent traffic congestion and enhance parking infrastructure. Ad...

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...

Columns

Commentaries | Oct 11,2025

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