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Feb 9 , 2025

Road Projects in Crisis as Compensation Disputes, Budget Shortfalls, Incompetence Stall Construction

The Ethiopian Roads Administration (ERA) has suspended 27 road projects due to security concerns, contractor disputes, supply chain disruptions, budget shortfalls, and surging compensation claims. The...

Feb 9 , 2025

Authority Introduces Education Quality Audit System as Sector Faces Crisis

The Education & Training Authority (ETA) is set to implement a standardised quality audit system for all higher education institutions (HEIs), including universities and Technical & Vocational...

Feb 9 , 2025

Flour Millers Struggle as Taxes, Duties, Lending Crunch Bite

Flour millers are facing severe financial strain, with rising taxes, customs duties, and financing shortages pushing many factories to the brink of closure. The Ethiopian Millers Association (EMA), wh...

Feb 1 , 2025

PROSPERITY'S PROMISES, ETHIOPIA'S RECKONING

The incumbent Prosperity Party (PP) rallied 1,200 of its ranks amid a turbulent political and economic environment, convening its second convention five years after its establishment. Mustered for two...

Feb 2 , 2025

Banks Hike Lending Rates as Liquidity Tightens, Leaving Borrowers in the Lurch

A notable wave of lending rate increases is reshaping the financial sector, following major banks adjusting their rates upward, with some reaching as high as 22pc. Several banks, including Oromia, Coo...

Feb 2 , 2025

Authority's Coffee Ban Roils Industry as Exporters Cheer, Farmers Reel

The coffee industry is reeling after the Ethiopian Coffee & Tea Authority (ECTA) abruptly banned the export of grade-five coffee. The Authority is tightening regulations on vertical integration to...

Feb 2 , 2025

Dispute Deepens at Addis Chamber as Abera Abegaz Challenges Election

The controversy surrounding the Addis Abeba Chamber of Commerce & Sectoral Associations (AACCSA) has escalated as board member Abera Abegaz demands enforcement of a court ruling that overturned hi...

Feb 2 , 2025

Central Bank Extends Loan Repayment Period for Tigray Businesses

Businesses and traders in the Tigray Regional State have been granted a one-year extension on loan repayments totalling 86 billion Br, offering temporary relief after the devastating two-year conflict...

Feb 2 , 2025

Utility Expands Smart Metre Installation to Curb Power Theft, Improve Service

The Ethiopian Electric Utility (EEU) is rolling out smart electric metres across Addis Abeba to combat power theft, enhance customer service, and modernise its infrastructure. The project, funded by t...

Jan 25 , 2025

MOTORISTS HIT BRAKES ON TOUGHER FINES

Many motorists face new and stricter traffic regulations introduced by the Council of Ministers. The regulations include a three-tier penalty system with higher fines and demerit points, hitting offen...

Jan 25 , 2025

Capital Crossfire Catches Geez Bank, Promoters Bicker Over Future

Geez Bank, a nascent commercial bank, currently under formation, is embroiled in a tense dispute that has overshadowed its promoters' plans to begin operations. Organisers are divided over whether to...

Jan 25 , 2025

Leather Exports Face a Hard Floor as Officials Try to Patch Forex Crunch

Ministry of Industry (MoI) officials have taken exporters by surprise, imposing minimum export prices for 12 leather products, a move they say is designed to raise foreign currency earnings and fight...

Jan 25 , 2025

Hibret Bank Names Tsigereda Tesfaye as President During Shifting Industry Dynamics

Hibret Bank's board of directors, chaired by Samrwit Getamesay, has nominated Tsigereda Tesfaye as its sixth president, submitting the request for regulatory clearance to the National Bank of Ethiopia...

Jan 25 , 2025

Ethiopia, Djibouti Trade Blame Over Deteriorating Corridor

The Ethio-Djibouti transport corridor, a vital trade route, is facing severe problems due to deteriorating infrastructure, outdated vehicles, and regulatory disputes, with both sides blaming each othe...

Jan 25 , 2025

Parliament Moves Closer to Establishing Certified Accountants Institute

Parliament is moving close to establishing the country's first institute for certified public accountants and auditors, as a draft proclamation was submitted for ratification following a final public...

Jan 25 , 2025

Embryonic EV Industry Crumbles as Imports Dominate Market

Ethiopia's electric vehicle (EV) industry is under pressure from import competition, rising taxes, and unclear policies. Assemblers cite high taxes, foreign exchange instability, lack of financing, an...


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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...

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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

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The footsteps, bargaining voices and rustle of cotton cloth that once filled Shematera in...

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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