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Fortune News

Sep 28 , 2024

Lease Dispute Leads AquaAddis Water Plant Shut Down, Leaving Hundreds Jobless

AquaAddis, one of the pioneer bottled water brands, has abruptly suspended operations at its Burayu plant following a contentious dispute with regional tax authorities over millions of Birr in alleged...

Sep 29 , 2024

Nascent Deposit Insurance Fund Seeks Growth, Faces Funding Shortages

The pioneering sovereign deposit insurer, the Ethiopian Deposit Insurance Fund (EDIF), is undertaking a major step to enhance its operational efficiency vying to deploy an automatic payout system for...

Sep 22 , 2024

FAMILY BUSINESSES STRUGGLE FRAGILE LEGACIES

When her father died suddenly in 2008, Heleanna Georgalis found herself at the helm of Moplaco Trading Plc, a venerable coffee company founded in 1897 during Emperor Menelik's reign. Thrust into leade...

Sep 22 , 2024

Getu Gelete, Family Takes an Unlikely Leap into Forex Frenzy

Get-As International Plc, a recognised conglomerate under the family of business magnate Getu Gelete, is positioning itself to become one of the three pioneer non-bank foreign exchange bureaus. Operat...

Sep 22 , 2024

Fed Calls Finance Sector to Foot Wollega Development Bill

Federal authorities are urging banks and insurance companies to contribute hundreds of millions of Birr to pay for a major development project in the Wollega region, in Oromia Regional State, a develo...

Sep 22 , 2024

Public Transporters in Crosshairs

Public transporters are facing financial constraints following the order of transport authorities to undergo a transition from associations to commercial entities. Last month, leaders of the Addis Abe...

Sep 22 , 2024

Fed Unveils New Tool for Tourism’s True Economic Impact

Ethiopia has taken a significant step in tourism data analysis by introducing the Tourism Satellite Account (TSA), a framework for quantifying the sector's contribution to GDP, investment, and employm...

Sep 14 , 2024

SOARING PRICES DAMPEN FESTIVE SPIRITS

The stalls of Atkilt Tera market in Addis Abeba were uncharacteristically empty. Onions, a staple of Ethiopian cuisine and indispensable for holiday meals, have become scarce and prohibitively expensi...

Sep 14 , 2024

Wage Reform Fails to Soothe the Civil Service

Federal authorities are proceeding with a wage reform for the public service, a long-anticipated move to address economic hardships among public employees. According to officials familiar with the mat...

Oct 21 , 2024

Authority Targets Food Additives to Safeguard Public Health

A new directive regulating food additives has been introduced, marking a step in safeguarding public health. The directive aims to control the unauthorised use of potentially harmful additives in food...

Sep 14 , 2024

Civil Registry Overhauls Digital Infrastructure to Boost Public Services

The Civil Registration & Residency Service Agency (CRRSA) has undergone a major overhaul, upgrading its network and digital systems across the city. The new systems aim to resolve longstanding ser...

Sep 14 , 2024

Addis Abeba Demands Buildings Open Parking Spaces to Public

Buildings in Addis Abeba are mandated to open their parking spaces to the public, as part of a broader effort to address the city's persistent traffic congestion and enhance parking infrastructure. Ad...

Sep 9 , 2024

Businesses Struggle Under Weight of Economic Burdens

A chorus of complaints from business leaders is growing louder, as a web of macroeconomic pressures, security challenges, and policy bottlenecks continue to cripple operations. At a recent meeting...

Sep 8 , 2024

HERITAGE FUELS MUSICAL FUSION

Imagine a breathtaking symphony of soundscapes where tradition dances with modernity, guiding listeners on an exhilarating musical voyage through the vibrant heart of a country. Pulsating beats sync w...

Sep 8 , 2024

Fed Opens Doors to Refugee Economic Integration

Ethiopia has taken a step to integrate refugees and asylum seekers into its formal economy with a new directive aimed at unlocking employment opportunities for over a million displaced individuals. Th...

Sep 8 , 2024

From Rescue to Resignation Yohannes Ayalew Departs Policy Bank

Yohannes Ayalew (PhD), credited with steering the state-owned Development Bank of Ethiopia (DBE) away from financial turmoil and restoring its credibility, stepped down as president last week after a...

Columns

Commentaries | May 09,2026

Every Encounter with the State Should Not Become an Invoice

The Ethiopian state appears to have discovered a fiscal instrument that is politically con...

Editorial | May 9 , 2026

CAKE Takes the Place of Wine in Addis Abeba’s Social Visits

Weeks after the Easter holiday, Addis Abeba has slipped back into its ordinary pace. The h...

Featured | Apr 26 , 2026 . By MASTEWAL ZEMENE and BEZAWIT HULUAGER

Period Poverty Crisis Forces Women to Pay For Dignity

Luladay Abraham treats the arrival of her menstrual cycle less as a private inconvenience...

Agenda | May 9 , 2026 . By HELINA HADGU and MASTEWAL ZEMENE

FED'S COSTLY TURN FROM MONEY PRINTING PILES PRESSURE ON BUDGET

Finance Minister Ahmed Shide entered the last quarter of the fiscal year with a budget und...

Fortune News | May 9 , 2026 . By NAHOM AYELE