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Fortune News

Jun 29 , 2024

Fuel Supply Clogs Leaves Gas Pumps Dry in Addis

In what is becoming a frequent feature of Addis Abeba's gas stations, long queues were ubiquitous last week due to increased supply towards regional states and a slowdown of imports from Djibouti. Ben...

Jun 29 , 2024

Taxing Pains Afflict Local Pharma Industry

Domestic pharmaceutical manufacturers are scrambling for exemptions from property taxes as factories in the capital are threatened with having their water supply cut off for failing to make payments....

Jun 22 , 2024

REFORM RATTLES PRIVATE SCHOOLS, PARENTS

Many parents were jolted by the city education authorities' decision to bar private schools from registering students for the next academic year. Among the affected schools is Gibson School Systems, a...

Jun 22 , 2024

AG Meseret's Scathing Report Exposes Budget Chaos

Parliamentary tensions peaked last week following the Federal Auditor General's report that unearthed unprecedented financial mismanagement across various federal agencies. As legislators geared up to...

Ambitious Capital Upsurge Seeks to Redefine Monetary Policy, Price Stability

A bill before Parliament proposes a dramatic increase in the Central Bank's capital to 20 billion Br, nearly 40 times its existing amount. If passed, the bill mandates that the federal government ensu...

Jun 22 , 2024

Maritime Authority Sets Sail for Logistics Policy Changes

Ethiopian Maritime Authority is launching a major overhaul of the logistics sector in a bid to streamline operations and attract foreign investment. A recent study conducted by a UK consulting firm ex...

Jun 22 , 2024

Djibouti Disputes World Bank Port Ranking, Cites External Factors

Djibouti officials have raised objections over what they describe as "inconsistencies" in the evaluation metrics used in the World Bank's recent port ranking. Out of 405 ports, Djibouti's ports droppe...

Jun 22 , 2024

Green Legacy Primed for Billions in Funding

A new bill proposing the establishment of a special fund, potentially worth billions of Birr, was presented to the Ethiopian parliament last week. The bill, co-authored by the Ministry of Finance and...

Jun 15 , 2024

BUDGETARY TIGHTROPE STROLL!

The federal government unveiled a 971.6 billion Br budget bill for the upcoming fiscal year, while the economy is under dual pressures to ensure stability and achieve growth. Finance Minister Ahmed Sh...

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,...

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