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Fortune News

Jul 21 , 2024

Banks to Venture into Real Estate, Capital Markets Under New Directive

Commercial banks are now permitted to acquire equity shares in capital market service providers, with the exclusion of credit rating agencies, subject to prior approval from the central bank. They can...

Jul 21 , 2024

Fed Bets on Revised Electric Tariffs to Lure Investors

Ethiopia is set to introduce a revised electric tariff system within the next two months. The new tariffs will be up to three times higher than current rates for households and could substantially inc...

Jul 13 , 2024

Electric Vehicle Push Leaves Investors in the Lurch

Investors who rely on tractors, trucks, and field vehicles for commuting, transporting commodities, and farming have their vehicles stranded at the Djibouti ports, following a policy shift by the fede...

Jul 13 , 2024

Ministry Unveils E-governance Strategy

The Ministry of Innovation & Technology launched a five-year e-governance plan requiring a 40 million dollar investment. The finance focuses on digital literacy, skills development, and legal fram...

Jul 13 , 2024

Pasta Prices on the Boil

Consumers are wrestling with a sharp increase in the prices of pasta and macaroni, commodities that have surged by an average of nearly 12 Br across markets. The spike comes days after the ratificatio...

Jul 13 , 2024

Study Reveals Higher Education Quality Crisis, Calls for Reform

The cracks in Ethiopia's higher education system were laid bare during a synthesis report presented at the Academy of Science last week. The study, led by Belay Hagos (PhD), director of the Institute...

Jul 13 , 2024

Authority Bets on Price Adjustment Manual to Tackle Construction Delays

Construction authorities have unveiled a price adjustment implementation manual for state-owned construction projects to address price escalation issues and execution gaps between contracting parties...

Jul 13 , 2024

BANKS BRISTLE AT GOVERNOR MAMO'S GRAND PLAN

The banking industry is experiencing a transformative period under the oversight of National Bank of Ethiopia (NBE) Governor Mamo Mihretu. Last month, the central bank introduced five new directives t...

Jul 7 , 2024

Addis Abeba Eyes Multi-Billion Birr Bridges to Ease Traffic Woes

Transport authorities are considering a grand bridge construction project to improve the Addis Abeba light railway system and address long-standing traffic congestion. Estimated to cost 1.2 billion Br...

Jul 7 , 2024

Ethiopian Eyes Lucrative Nonstop Routes as Airbus Report Unveils Untapped Potential

Ethiopian Airlines can eye an opportunity to grow and expand by introducing nonstop flights on unserved or underserved routes, a recent study from Airbus revealed. The study identified 11 routes that...

Jul 7 , 2024

Environmental Authority Tightens Regulations on Consultancy Competence

Consulting firms are required to obtain competency certificates for conducting environmental assessments of social and economic impacts. Foreign consulting firms are mandated to form alliances with lo...

Jul 7 , 2024

Ambitious Federal Budget Exhibits Urban Glitz Over Rural Grit

The federal government's budget for the fiscal year 2024/25, unanimously ratified by Parliament following a month-long series of hearings, unveiled a mix of ambition and caution. With substantial i...

Jun 29 , 2024

GLITS, GAINS, AND PAINS!

Addis Abeba's boulevard - Africa Avenue (Bole Road) and surrounding districts - are undergoing a facelift frenzy, driven by ambitious urban renewal projects targeting the capital's transformation into...

Tigray State Makes Desperate Plea

The situation in the Tigray Regional State remains dire, with profound economic crises exacerbating the humanitarian needs stemming from the two-year civil war. As the federal government prepares to a...

Jun 29 , 2024

How a Family Salvages Habesha Cement, Kindles Promise for Shareholders

In a stunning comeback, Habesha Cement S.C. has defied a decade-long struggle to post its first profitable year in 15 years, marking a monumental shift in the industrial landscape. Spearheaded by busi...

Jun 29 , 2024

Higher Education Under Budget Squeeze, Infrastructure Woes During Reform Push

The federal budget bill, edging towards a monumental trillion Birr, has sparked heated contention as it progresses through legislative channels at the Parliament. In a two-day hearing convened by the...

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