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Fortune News

Feb 6 , 2024

Ethiopia Dusts off Intellectual Property Bill

Ethiopia is revamping its intellectual property laws after three decades of operation through a bill drafted in partnership with the European Patent Office. The draft includes provisions for patents,...

Feb 3 , 2024

FROM DJIBOUTI'S GRIP TO KENYA'S EMBRACE

Ethiopia is preparing to send its first shipments through Kenya's Port Lamu, in a move to diversify its trade routes and reduce heavy reliance on ports in Djibouti. Set to commence with fertiliser...

Feb 3 , 2024

Mines Ministry Pushes Local Coal on Cement Factories

Local cement manufacturers plan to phase out their reliance on imported coal contingent upon the improved quality of locally produced supply. The move comes as a month-long collaborative study with th...

Feb 3 , 2024

Authority Brews Up a 2.2b Br Plan to Keep Coffee from EU's Deforestation Grind

The authorities are scrambling to comply with the European Union's forthcoming regulation on deforestation, a move that threatens a significant portion of coffee exports to the economic bloc. The Ethi...

Jan 27 , 2024

Real Estate Deal Gone Awry

In a high-profile corruption trial at the Federal High Court, businessman Abnet Gebremeskel, formerly a close confidant of prominent tycoon Mohammed Hussein Al-Amoudi (Sheikh), faced criminal charges...

Jan 27 , 2024

Market Dynamics to Drive Monetary Decisions

The central bank is embracing a price-based monetary policy, a departure from its traditional approach, as part of a comprehensive three-year strategy outlined by the National Bank of Ethiopia (NBE)....

Jan 27 , 2024

HIGHWAYS IN HURDLES

Ethiopian Roads Administration (ERA) is under treacherous terrain, terminating 32 road construction projects and suspending an additional 52 projects due to an array of obstacles. Security concerns, s...

Jan 27 , 2024

Global Bank Ethiopia Faces Escalating Labor Dispute

In a brewing labour dispute at Global Bank Ethiopia, tensions are on the rise as 315 employees including union leaders find themselves terminated by the management. The discord revolves around the Boa...

Jan 27 , 2024

FROM FESTIVALS TO FIZZLES

An air of uncertainty pervades Gonder, a town in Amhara Regional State. Once celebrated for its vibrant festivals and ancient castles, the town is now scuffling with an economic downshift. The Grand G...

Investment Impesario

Hanna Arayaselassie, a noted public servant and former CEO of Ethiopost, has been appointed as the new Ethiopian Investment Commission (EIC) commissioner effective January 17, 2024. She succeeds Lelis...

Jan 19 , 2024

Ministry Prescribes Local Cure for Ailing Pharma

The Ministry of Health has taken up the services of the American Consulting firm McKinsey & Company to conduct a four-month-long study sponsored by the United Kingdom. The study aims to create a s...

Jan 19 , 2024

Ministry Suspends Tallied-Up Social Welfare Taxes

Minister of Finance Ahmed Shide ordered a temporary suspension of accrued social welfare taxes imposed on importers, citing delays and implementation difficulties since the enforcement of the regulati...

Jan 19 , 2024

World Bank Paints Growth Portrait for Ethiopia: Agriculture, Peace on Canvas

A mixed bag of tight fiscal space, economic growth and fragility in Ethiopia is presaged by the flagship World Bank report released last week. 'Global Prospects Report' comes amid increased incidences...

Jan 19 , 2024

Governor Mamo Relaxes Currency Rules, Fuelling Hopes for Manufacturers

Authorities at the National Bank of Ethiopia (NBE) have lifted a consequential restriction imposed on manufacturers, removing a cap on the number of proforma invoices they can submit to commercial ban...

Jan 13 , 2024

WASTED WEALTH IN LEATHER'S LOSS

The Qera neighbourhood was in its familiar heavy air with the scent of freshly slaughtered cattle. The chaos from the holiday buzz puts a valuable commodity overlooked – the hides and skins of sheep...

Jan 13 , 2024

Textile Industry Threads a Tight Fabric

Leaders of the textile and garment industry are pressing with desperate calls for policy intervention, confronted with a flood of contraband trade, high excise taxes, and dwindling sales. The Ethiopia...

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