Fortune News

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

Fortune News

Jun 15 , 2024

Education Authority Champions Local Talent to Take Priority Over Foreign Expertise

International schools are now mandated to demonstrate that they have exhausted all options for finding qualified Ethiopian nationals before hiring expatriate staff. The policy is part of broader chang...

Taxpayers Cry Foul over Unclear Tax Code, Alleged Corruption

Frustration simmered among business owners who gathered at the Inter-Luxury Hotel, on Guinea Conakry Tito St. to discuss the impact of tax policy on the private sector last week. The Addis Abeba Chamb...

Jun 15 , 2024

Soaring Debt Impede Upcoming Budget

The proposed budget bill for the upcoming fiscal year reflects the federal government's struggle to balance economic stability with growth aspirations. Officials' ability to manage debt, implement ref...

Jun 15 , 2024

Lawmakers Debate Wealth Witch Hunt Decree

A groundbreaking bill granting the government sweeping powers to trace, identify, seize, and investigate assets acquired through "unexplained means" was tabled before Parliament last week. According t...

Jun 8 , 2024

RIDESHARE SURGE OUTPACES SAFETY MEASURES

The rise of taxi-hailing companies in Addis Abeba over the past six years has been a double-edged sword. While these services have transformed urban transport and provided much-needed job opportunitie...

Jun 11 , 2024

Djibouti Blasts World Bank's 'Unjust' Ports Rating, Accuses Bias

Djiboutian authorities have lashed out at the World Bank over its recent assessment of the country's ports performance, which saw an unprecedented decline in global rankings. The fourth edition of the...

DBE Owes Dramatic Turnaround to Controversial Policies Fueling Its Rebound

Five years after teetering on the brink of a tumble due to alarmingly high levels of non-performing loans (NPLs), the state-owned Development Bank of Ethiopia (DBE) has staged an impressive recovery,...

Jun 8 , 2024

Oromia Blooms with Flower Farm Land Lease Rates

Oromia Regional State President Shimeles Abdisa introduced a land lease directive for flower farm investors a month ago, featuring new lease rates based on proximity to city centres categorising t...

Jun 8 , 2024

Parliament Grills Transport Ministry over Fuel Subsidy Program

Parliamentarians incited fury over inefficiencies in fuel distribution and subsidy management, during the Ministry of Transport & Logistics performance report last week. Members of the Standing Co...

Jun 8 , 2024

Addis Chamber Sues City Administration, Exhibition Enterprise Over Unpaid Millions

The Addis Abeba Chamber of Commerce & Sectoral Association (Addis Chamber) has taken legal action against the Exhibition Centre & Market Development Enterprise and Addis Abeba City Administrat...

Jun 1 , 2024

A Woman Sues BGI Ethiopia, Alleges Fraudulent Shares Transfer

In a high-stakes legal confrontation, a businesswoman emerged from the shadows, taking on a brewery giant and its affiliates, alleging an unlawful seizure of her ownership stake with BGI Ethiopia Plc...

Nib Bank Clears House Swinging at Resurrection

Executives of Nib Bank are looking to rebrand the first-generation financial institution's reputation on customer service and address liquidity issues. Upon taking the helm of leadership three weeks a...

Jun 1 , 2024

The Minimum Wage Tug-of-War

The issue of minimum wage reform has become a flashpoint, with labour unions and employer representatives locked in a heated debate. Unions fear that a minimum wage will not keep pace with soaring inf...

Jun 1 , 2024

Parliament Debates Shifting Right-of-Way Compensation to Regional States

The responsibility for right-of-way compensation payments is being transferred to regional states, relieving federal authorities of this duty. This change aims to end the current practice where wereda...

Jun 1 , 2024

Central Bank Irons Out Reform Heats with Executives

Regulators at the National Bank of Ethiopia (NBE) are shaking things up in the banking industry, as the country prepares to welcome foreign banks. During a recent meeting with bank executives, they di...

May 25 , 2024

GRIPPING DIPLOMATIC MANEUVER

A handshake between Foreign Minister Taye Atsqeselassie and his Saudi counterpart, Prince Faisal bin Farhan bin Abdullah, seems to have concluded a meeting in Riyadh last week. The backdrop to this me...

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

News Alert