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Aug 11 , 2024

BOGUS MEDICINE REAL SUFFERING

A long-time diabetes patient, Almaz Teshome has been battling the effects of what she suspects to be substandard insulin bought from one of the pharmacies in public hospitals. Her condition worsened a...

Aug 11 , 2024

Customs' Exchange Rule Bites Importers' Cash

The Ethiopian Customs Commission has implemented a sweeping change in how import duties are calculated, rattling businesses across sectors. The shift, effective from July 29, 2024, comes as the Nation...

Aug 11 , 2024

Capital Market Architect Now Takes on the Country's Wealth Fund

Brook Taye's (PhD) career in public service has been anything but ordinary. As the founding Director General of the Ethiopian Capital Market Authority (ECMA), he has played a leading role in shaping t...

Aug 11 , 2024

Authority Moves to Spur Local Medical Device Production

The Ethiopian Food & Drug Authority (EFDA) has relaxed requirements for manufacturing products classified as "low risk," a category that includes sanitary pads, diapers, prosthetics, and over 700...

Aug 11 , 2024

Saudi-owned Arki Water Bottler Bets on Juice Production

As the manufacturing sector struggles with a panoply of issues, SBG Industry Plc, the bottler behind "Arki" water brand, has completed a five-million-dollar expansion project to boost its marketing an...

Aug 11 , 2024

Insurers Pushback Central Bank's Governance Bill

Regulators at the National Bank of Ethiopia (NBE) have proposed a new corporate governance bill aimed at improving the insurance sector's stability. This bill focuses on qualifications, oversight, and...

Aug 4 , 2024

BIRR FLOATS, BUSINESSES FEEL THE SQUEEZE

The Birr has crossed a historic threshold, hitting an exchange rate of over 100 Br to the dollar last week — a wake-up call for the country's economy. Examining historical trends in official and par...

Aug 4 , 2024

BGI Lawyers Summon Witnesses in Intensifying Ownership Dispute

BGI Ethiopia, one of the country's leading breweries, is embroiled in a high-stakes legal battle over ownership stakes, as its defence team called four witnesses to testify before the Federal Court. T...

Aug 4 , 2024

Market Forces Battle Inflation, Shortages

Edible oil, flour, diapers and baby formula are among the commodities largely affected in the market, as the country faces off its first week of a macroeconomic reform program. Following the reform, c...

Aug 4 , 2024

Prime Minister Abiy Announces Massive Salary Hike for Civil Servants Amid Economic Reforms

The public sector is set to see a salary adjustment of up to 300pc to its employees in hopes of addressing the cost of living that arises amid new macroeconomic reforms. Prime Minister Abiy Ahmed ...

Aug 4 , 2024

Ethiopias Eurobond Soars on IMF Lifeline

Ethiopia's euro bond jumped last week, scaling 2.23 cents to 77.48 cents on the dollar, its greatest gain since the previous year, Bloomberg reported. The increase followed a substantial bailout packa...

Jul 28 , 2024

BREWERIES' BITTER BREW

The introduction of an excise tax stamp system is stirring controversy in the beverage sector. The system, devised to create a robust and transparent tax management protocol whilst preventing counterf...

Jul 28 , 2024

Customs Defers Duty-Free Privilages as Bureaucracy Tightens Grip

Officials of the Ethiopian Customs Commission have drastically tightened the rules for duty-free import privileges. According to Commissioner Debele Kabeta, only army and national intelligence chiefs...

Jul 28 , 2024

Central Bank Unlocks Interbank Operation for Commercial Banks

The National Bank of Ethiopia (NBE) Governor Mamo Mihiretu has initiated a new directive allowing commercial banks to trade their liquidity through interbank money market operations, hoping to enhance...

Jul 28 , 2024

Lack of Credit Stifles Tigray Region's Economic Resurgence

In the aftermath of a devastating war that severely impacted its economy, investors in Tigray Regional State face difficulties to resume operations due to financial shortages and the inability to impo...

Jul 28 , 2024

FSD Africa Predicts Green Jobs Boom for Ethiopia

Ethiopia is poised to become a key player in Africa's green economy, with a new report forecasting the creation of up to 3.3 million direct green jobs across the continent by 2030. The report, "Foreca...


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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