Fortune News

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

Fortune News

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...

Aug 18 , 2024

Businesses Reel Amid Market Reforms

Three weeks into the floated exchange market, policymakers and business owners convened to chart a course on the prospects and pitfalls of navigating the uncharted territory. Policymakers expressed op...

Aug 18 , 2024

Investors Press Policy Bank Rethink Rain-Fed Agriculture Funding

Amidst an impressive recovery from a precarious position marked by alarmingly high levels of non-performing loans (NPLs), the Development Bank of Ethiopia (DBE) is facing criticism from investors over...

Aug 18 , 2024

Capital Market Authority Unleashes Sandbox of Fintech Dreams

The Ethiopian Capital Market Authority (ECMA) is to introduce a regulatory sandbox in two weeks, opening the door for financial technologies with disruptive business models. Currently not supported by...

Aug 18 , 2024

Horti Exporters Face Forex Squeeze as New Directive Sparks Outcry

The recent directive from the National Bank of Ethiopia (NBE) mandating that exporters convert half their foreign exchange earnings into Birr within a month has triggered discontent within the flower...

Aug 11 , 2024

BOGUS MEDICINE REAL SUFFERING

A long-time diabetes patient, Almaz Teshome has been battling the effects of what she suspects to be substandard insulin bought from one of the pharmacies in public hospitals. Her condition worsened a...

Aug 11 , 2024

Customs' Exchange Rule Bites Importers' Cash

The Ethiopian Customs Commission has implemented a sweeping change in how import duties are calculated, rattling businesses across sectors. The shift, effective from July 29, 2024, comes as the Nation...

Aug 11 , 2024

Capital Market Architect Now Takes on the Country's Wealth Fund

Brook Taye's (PhD) career in public service has been anything but ordinary. As the founding Director General of the Ethiopian Capital Market Authority (ECMA), he has played a leading role in shaping t...

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