FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds

Fortune Logo

Fortune News

  1. Home
  2. Fortune News

Jun 21 , 2025

Legal Battle Over BGI Ethiopia Shares Escalates to Federal High Court

A high-stakes legal battle over the disputed ownership of shares in one of Ethiopia's most iconic breweries, BGI Ethiopia Plc, has reached the Lideta Division of the Federal High Court. Lawyers rep...

Jun 21 , 2025

Tax Overhaul Treats Lawyers as Traders, Ignites Bar Uproar

The legal fraternity is facing a moment of uncertainty as sweeping tax reforms have effectively changed the long-standing fixed-rate tax scheme for lawyers, without offering a clearly defined replacem...

Jun 15 , 2025

KEGNA BEER POURS INTO COMPETITIVE MARKET

Kegna Beverages on Saturday, June 14, 2025, uncorked its first bottles of Kegna Beer, a domestically owned, five percent ABV lager brewed in the West Shewa Zone of Oromia Regional State, marking what...

Jun 15 , 2025

Fed Unleashes Record Budget as Spending Priorities Draw Fire

The federal government presented legislators with a budget proposal for the fiscal year 2025/26, marking an unprecedented shift in the country's fiscal approach. The budget bill totals 1.93 trillio...

Jun 15 , 2025

Billions Unaccounted as Auditors Watch Recovery Rates Stall in Bureaucratic Quagmire

A three-year effort by the Audit Stakeholders Forum to restore fiscal discipline across federal institutions has yielded meagre returns. Despite broader coordination among oversight bodies, enforcemen...

Jul 19 , 2025

Environmental Authorities Turn to Water Fees as Ecological Strains Deepen

Environmental authorities have signalled a shift toward regulatory intervention, introducing a usage-based payment system for water drawn from natural reservoirs such as Lake Zway. The country's ec...

Jun 15 , 2025

Unilever Gains First-Mover Edge as Market Barriers Fall, Fears Rise

Unilever, the British-Dutch multinational, has become the first foreign company licensed to import finished goods directly into the country, following revisions to investment policies. Vaseline petrol...

Jun 7 , 2025

WEGAGEN GRAZES FRESH GREEN GROUND

Wegagen Capital Investment Bank, one of the first two standalone investment banks, launched operations on June 2, 2025, at the Hilton Addis Abeba Hotel. Chief Executive Officer Brutawit Dawit was join...

Jun 8 , 2025

Central Bank Moves to Erase Paper Bonds Betting on Digital Overhaul

Investors will soon find that physical paper certificates for government bonds and Central Bank securities are a relic of the past, replaced by electronic records stored securely online. The National...

Jun 8 , 2025

When Purpose Meets Penalties, the Taxman Strikes Back

In a fresh blow to the embattled Purpose Black S.C., the Ministry of Revenues has demanded over half a billion Birr in back taxes, penalties, and interest, intensifying the regulatory storm surroundin...

Jun 12 , 2025

Horizon Eyes Somali Region for Grand-Scale Agri Investment Push

Horizon Plantations Plc, a subsidiary of MIDROC Investment Group, is launching a major agricultural project in the Somali Regional State, aspiring to transform underutilised land into productive farml...

Jun 8 , 2025

Authorities Target Reckless Driving With Mandatory Retraining

In a marked departure from traditional deterrents, transport authorities are set to impose a compulsory rehabilitation program for drivers whose licenses are suspended due to serious traffic violation...

Jun 8 , 2025

Feds Push for Product Prestige While Global Market Profits Elude Local Producers

Federal authorities are pushing ahead with an ambitious plan to institutionalise Geographical Indications (GIs), a legal framework designed to link product quality and origin. Launched through a partn...

May 31 , 2025

Real Estate Developers Build a Lobby as Rules Tighten

Real-estate developers have formed a new lobbying group, the Ethiopian Real Estate Developers' Association, after years of working piecemeal while rules tightened and public scepticism grew. The new l...

Jun 20 , 2025

Government to Open Farm Advisory Market to Private Sector

A draft proclamation, endorsed by the Council of Ministers two weeks ago, will permit private entities to deliver agricultural extension services that were previously the sole responsibility of govern...

May 31 , 2025

Central Bank Orders Banks to Map Their Own Safety Net

Regulators at the National Bank of Ethiopia (NBE) have issued a notice to commercial banks, instructing them to develop a clear roadmap for staying afloat in the event of trouble and to do so promptly...


Most read

Columns

Commentaries | Jul 25,2026

The Central Bank Bets on Signals Over Ceilings

Life Matters | Jul 25,2026

Parents Dreams Meet the Reality of the Classroom

My Opinion | Jul 25,2026

From Digitisation to Digital Transformation

Sunday with Eden | Jul 25,2026

A Celebration of Love Where Tradition Met Presence

Agenda | Jul 25,2026

Shematera Weavers' Chain Meets the VAT Line

Editorial | Jul 25,2026

Cost Recovery by Public Institutions Becomes a Hidden Tax


         ADVERTISEMENT

Read More

Cost Recovery by Public Institutions Becomes a Hidden Tax

Ideally, citizens who have paid income tax all year should not have to reach for their wal...

Editorial | Jul 25 , 2026

Chasing Excellence in the Summer, Raising Questions Over Who It Leaves Behind

For as long as her daughter had been in school, the summer break belonged to the family. E...

Featured | Jul 25 , 2026 . By BIZUAYEHU ABIY and TIGIST MEKONNEN

Shematera Weavers' Chain Meets the VAT Line

The footsteps, bargaining voices and rustle of cotton cloth that once filled Shematera in...

Agenda | Jul 25 , 2026 . By NAHOM AYELE

Global Bank Board Suspends 18 as Deposit Probe Widens

Global Bank's Board of Directors have overhauled top management, after suspending several...

Fortune News | Jul 25 , 2026 . By BEZAWIT HULUAGER