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Fortune News

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...

Soaring Debt Breeds Sour Solutions

Ethiopia's domestic debt has surged past the 1.2 trillion Br mark, triggering a contentious debate in the federal legislative house. During his nine-month report to Parliament last week, Finance Minis...

May 25 , 2024

Land Rush Bidders' Paradise, a Mirage for the Many

The long-awaited land auction in Addis Abeba drew hundreds of developers eager to secure prime plots across the city, marking an event in the capital's urban development evolution. Over nine days last...

May 25 , 2024

Transporters Fume Over Truck Load Limits

A two-year-old regulation limiting the load capacity of trucks on the road is sparking concerns among freight truck drivers. Set to be enforced in two months by the Ethiopian Roads Administration (ERA...

May 25 , 2024

Tigray Authorities Thwart Fake Fertiliser Distribution

A disturbing discovery of counterfeit fertiliser that infiltrated Tigray Regional State earlier this year was unveiled by the region's Agriculture Bureau during an inter-regional performance report la...

Jul 3 , 2024

A Bold Bet on Affordable Housing Faces Skepticism, Financial Roadblocks

The federal government is embarking on an ambitious venture with the "Chaka Satellite City" project, which will incorporate thousands of "affordable housing units" through a new public-private partner...

May 18 , 2024

Real Estate Deal Falls Through: Anxious Investors Left With Purpose Black's Promises

A Federal Higher Court ruling has ended the legal battle between BGI-Ethiopia and Purpose Black, marking the end of property acquisition and dashing the dreams of thousands who invested in a p...

Procured with Pride, Delivered with Peril

With the impending Meher season, lawmakers' focus shifts to the distribution of fertilisers. The conversation during the Ministry of Agriculture's nine-month performance report has shifted from purcha...

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