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

Fortune Logo

Fortune News

  1. Home
  2. Fortune News

Apr 28 , 2024

Fed Slams Driving Schools for Accidents

Transport authorities placed blame on driving schools and vehicle inspection centres for a recent surge in traffic accidents. This comes as traffic penalties have doubled to over 1.1 billion Br in the...

Apr 28 , 2024

Addis Abeba Taps Private Sector for Water Relief

Faced with a rapidly growing population and limited water resources, the Addis Abeba Water & Sewage Authority (AAWSA) is taking a bold step. Under a new regulatory framework spearheaded by its dir...

Apr 28 , 2024

Parliament Ploughs Seedless Corporation

A four-year performance audit report of the Ethiopian Agricultural Business Corporation paints a concerning picture of persistent failures in delivering essential agricultural supplies. The report hig...

Apr 28 , 2024

Reforming Immigration Services Eyes E-Passports

Ethiopian Immigration & Citizenship Service (ICS) is gearing up to introduce electronic passports (e-passports) within the next six months, aiming to reduce reliance on foreign currency. It will f...

Apr 20 , 2024

FACING THE CREDITORS!

Ethiopia's economic reform negotiations with the International Monetary Fund (IMF) are in their fourth round, taking place in Washington, D.C., against the backdrop of joint meetings with the World Ba...

Apr 20 , 2024

NBE Skeptical about Melaku Fenta's Bid to Retain Amhara Bank Chairmanship

An undercurrent of controversy surrounds the appointment of founding members of Amhara Bank after regulators at the National Bank of Ethiopia (NBE) withheld approval for two of the Bank's nominated bo...

Promised Homes Turn to Paper Castles In Addis Abeba, a Housing Plan Builds Frustration Instead

An ambitious cooperative housing initiative designed to provide thousands with affordable homes is mired in a complex web of legal, logistical, and bureaucratic hurdles, demonstrating the difficulties...

Apr 20 , 2024

Taxing Flavors Squeeze 'Juice' Industry

Ethiopia's juice manufacturers confront formidable economic challenges following the reclassification of their products as flavoured beverages, which has led to them being burdened with hundreds of mi...

Apr 20 , 2024

Desperation at the Pump Sparks Industry Concerns

Long lines and frustration are mounting at gas stations across the country are faced with a fuel shortage triggered by a confluence of factors. The scarcity is disrupting transportation, impacting bus...

Apr 13 , 2024

STRANGLED BANKS, INFLATION CURE'S COST

A severe financial stranglehold has been imposed on the banking industry, undermining businesses due to a loan cap policy imposed by the central bank to control inflation. While reducing inflation to...

Apr 13 , 2024

UNDER STRESS!

In an unprecedented move, the central bank has published its inaugural stress test report, uncovering potential fault lines within the financial sector that could pose systemic risks to the country's...

Apr 13 , 2024

Ethiopia Throws Open Its Market Gates

In a bold departure from its historical position on foreign investment, the federal government has opened the doors of the trade sectors, including export, import, wholesale, and retail, to foreign na...

Apr 13 , 2024

Excise Tax Stamps Rattle Key Industry Players

A proposed excise tax stamp system draws controversy amongst industry leaders in the alcohol, tobacco, beer brewery, and water bottling sectors. While they are wary of added costs, information leaks,...

Apr 13 , 2024

Power Supplier in the Dark

In the aftermath of a scathing performance audit, Ethiopian Electric Power (EEP) finds itself thrust into the spotlight, facing mounting pressure to address systemic failures uncovered by the Office o...

Apr 13 , 2024

Wilting Tariffs Sprout Flower Exports

The recent decision by the United Kingdom to suspend tariffs on fresh-cut flower imports has breathed new life into Ethiopia's floriculture industry, igniting optimism and aspirations for the sector....

Apr 6 , 2024

SUGAR WOES STIR ECONOMIC BITTERNESS

The increasing cost of living has taken a toll on citizens who wrestle with the harsh realities of soaring inflation rates. A visit to the Qera Consumer Association revealed how prices, especially for...


Most read

Columns

Commentaries | Oct 11,2025

Stale Exchange Rates Hide Costs During Debt-for-Equity Conversions

Life Matters | Oct 11,2025

The Savior Complex, When Helping Hurts

My Opinion | Oct 11,2025

Climate Crisis Is Real. The Hysteria Is Not

Sunday with Eden | Oct 11,2025

The Power of Staying Unexplainable

Agenda | Oct 12,2025

TOMATOES TASTE OF INFLATION

Editorial | Oct 11,2025

The Human Flight a Failure of Political Imagination, Not a Mere Economic Policy


         ADVERTISEMENT

Read More

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