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Apr 6 , 2025

CBE Rebounds Sharply as Profit Drive Raises Public Mandate Questions

The state-owned Commercial Bank of Ethiopia (CBE) has engineered an impressive recovery that executives credit to new strategies and policy shifts. The Bank reported collecting 367.40 billion Br in fr...

Apr 6 , 2025

Insurers Struggle to Stay Afloat as Capital Rules Bite, Talent Runs Dry

The insurance industry is bracing for major changes as the National Bank of Ethiopia (NBE) moves forward with a new directive compelling firms to adopt a risk-based capital framework. The new requi...

Apr 6 , 2025

Wheat Shortage Strains Market as Soaring Prices Hit Millers

Wheat has become a sensitive commodity, where rising prices and tight supplies threaten the once-thriving flour industry. Businesses that mill wheat and produce biscuits, noodles, and animal feed are...

Apr 6 , 2025

Grading Mandate Roils Addis Abeba Schools

Despite their ownership status, schools in Addis Abeba will have to undergo a standardised continuous assessment system, a policy that has been in effect at public schools for some time now. Offici...

Apr 6 , 2025

SEWAGE SOARS WHILE PLANNING SINKS

Under gloomy skies in Addis Abeba's rapidly expanding Lemi Kura District, residents gathered anxiously in a Noah Real Estate compound parking lot, in the Bole Beshale neighbourhood. Facing sudden dema...

Mar 30 , 2025

Barley Supply Chains Sway Under Regional Strains

The brewing industry faces a storm, with barley shortages leading to a substantial spike in prices, a scenario that has prompted alarm among industrial leaders. Barley is a fundamental ingredient i...

Mar 30 , 2025

Ministries Unveil Strategy for Local EV Procurement

Federal officials are accelerating the shift towards domestically assembled electric vehicles (EVs), with a landmark directive prioritising them in public procurement. The initiative, backed by the mi...

Mar 30 , 2025

Authorities Eye Treasury Overhaul as Billions Vanish in Fiscal Fog

The federal government is pushing towards a single account for the treasury to consolidate its financial resources, which promises to streamline budgetary control and trim cash mismanagement. In re...

Audit Finds Millions Unspent as Transport Ministry Wrestles with Merger Delays

The Ministry of Transport & Logistics faced scrutiny after federal auditors uncovered financial irregularities, including unused funds, delayed projects, and procurement anomalies tied mainly to a...

Mar 30 , 2025

Fuel Shortage Fuels Parallel Market in Tigray State as Supplies Falter

Tigray Regional State is experiencing an acute fuel shortage that has impacted agriculture, disrupted businesses, and led to the rapid expansion of an illicit fuel market. Regional officials blame fed...

Mar 23 , 2025

A Trailblazer Returns to Build What Never Was

Brutawit Dawit, a veteran banker with extensive experience in the financial sector, has been appointed to lead Ethiopia's one of the first investment banks, Wegagen Capital Investment Bank S.C.   (W...

Mar 23 , 2025

Logistics Shake-Up Lets Rivals In But Leaves ESL Steering the Ship

The opening of the logistics sector to multimodal operations has come with tight restrictions, reserving key strategic commodities and trade routes exclusively for the state-owned giant, the Ethiopian...

Authorities' Bid for Digital Quality Sparks Fury Among Cash-strapped Businesses

The Institute of Ethiopian Standards has introduced revised fees and new product marking systems targeting quality, accountability, and revenue collection. Its authorities say digital transformation i...

Mar 23 , 2025

Prime Minister Touts Growth as Subsidies Soar, Poverty Deepens

Prime Minister Abiy Ahmed (PhD) appeared before Parliament last week to deliver a narrative filled with abundant optimism, stressing impressive economic growth over the past eight months. Yet, beneath...

Mar 23 , 2025

Edible Oil Runs Dry as Beans Go Global

The hum of machines has grown quiet in the busy processing plants on the outskirts of Addis Abeba. Factories that once churned out edible oil and animal feed are shutting down, caught in a storm trigg...

Mar 16 , 2025

Tax Squeezed, Businesses Cry Foul as Penalties Mount

A new directive is beginning to shake up the tax regime with tougher penalties for non-compliance. Federal tax authorities are claiming to fight under-reporting and boost revenue collections. Under Ay...


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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