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Fortune News

Apr 6 , 2024

Parliament Rolls Out Red Carpet for Tenants

In a landmark move, federal legislators have enacted a sweeping law that promises to fundamentally transform the residential tenancies market, providing a reprieve for tenants with a precariousness of...

Apr 6 , 2024

City Administration Dials Back House Valuation Rates

Officials at the Addis Abeba City Administration have rolled back a house valuation increase set in place less than a year ago, hoping to stimulate activities in a sluggish real estate market. The ini...

Apr 6 , 2024

Businesses Hold Cautious Breath in Economic Headwinds, Report Finds

Two-thirds of small and medium businesses have no plans for new hires in the next year, according to a survey report by First Consult. The consulting firm surveyed 312 companies across four cities and...

Apr 6 , 2024

Shabelle Twirls from Microfinance to Macro Bank, with a Few Missteps on Profit's Tightrope

Shabelle Bank may stand out for its pioneering history as a microfinance institution transitioning to a full-fledged commercial bank. It began with a unique proposition of Sharia-compliant banking ser...

Apr 6 , 2024

Ministries at Odds Over Hide Exports

Ethiopia's leather industry is facing a policy clash between government ministries with officials at the Ministry of Agriculture pushing to remove the export tax on raw hide and skin, while the Minist...

Mar 30 , 2024

BANKING'S GLASS CEILING INTACT

In the banking industry, an indefensible gender imbalance persists at the leadership level. Among the country's 28 commercial banks, only Melika Bedri, president of ZamZam Bank, holds a position at th...

Mar 30 , 2024

Gas Pumps Dry in Addis as Floods Block Vital Import Route

A major fuel shortage, caused by a series of heavy rains that have flooded the critical import route from the ports in Djibouti, has disrupted the regular flow of fuel into the country. The logistical...

Mar 30 , 2024

Ethiopia Bets Big on Reforms While Juggling IMF Grenades

As federal authorities eagerly anticipate the potential billion-dollar International Monetary Fund (IMF) package, a team from the Fund conducted a series of meetings in the capital over the past week...

Mar 30 , 2024

Central Bank Paves Way for National Sharia-Compliant Advisory

National Bank of Ethiopia (NBE) has directed all financial institutions to collaborate on a study aimed at establishing a national Sharia-compliant board to oversee the emerging interest-free banking...

Mar 30 , 2024

Oromia Tightens Grip on Artisanal Mining

Oromia Regional State's artisanal mining sector is in flux after stricter re-registration requirements were implemented by the Mineral Development Authority six months ago. The Authority tightened reg...

Mar 30 , 2024

Fed Bets on Recycled Plastic to Curb Forex Costs

Ethiopia is exploring a draft regulation that would introduce recycled plastic (PET) into food and beverage packaging. Officials believe this move will reduce reliance on expensive imports and combat...

Mar 23 , 2024

A CAPITAL IN FLUX

A microcosm of Addis Abeba's vibrant yet convulsive changeover unfolds in the jammed corridors of the Arada District Land Management & Administration Bureau, on Adwa St. Residents, burdened with a...

Renewable Energy Push Meets Infrastructure Hurdles

Ethiopia's decades-old energy policy is evolving rapidly, opening doors for private sector involvement in renewable energy and clean technology. Spearheaded by the Ministry of Water & Energy, the...

Mar 23 , 2024

Fed Procurement Push Aims to Fuel Industrial Growth

Minister of Finance Ahmed Shide has intensified efforts to enforce mandatory domestic procurements across federal government institutions. He issued directives to 169 federal agencies two weeks ago, u...

Mar 23 , 2024

Steel Industry Seeks Way Out of Policy Coil

A policy measure that favoured steel importers over manufacturers was laid out as the major issue for the industry tethering on the brink of collapse. Following discussions at the Prime Minister's Off...

Mar 16 , 2024

ETHIOPIA'S REFORM ROULETTE PLAYS

Finance Minister Ahmed Shide inked a comprehensive 13-article agreement with the Development Partners Group (DPG), a coalition of donors led by the United Nations and the United Kingdom. The rite, hel...

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