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Fortune News

Jul 21 , 2024

Mismanagement, Missing Millions, a Mayor's Tall Order

Mayor Adanech Abebie's Administration faced an audit report that unveiled a startling picture of financial mismanagement, inefficiencies, and potential corruption, raising concerns about the Addis Abe...

Jul 21 , 2024

Authority Sets the Stage for a Nascent Securities Exchange

Brook Taye (PhD), director general of the Ethiopian Capital Market Authority, has taken a step forward in establishing a regulatory foundation for the country's nascent capital market. Last week, his...

Jul 21 , 2024

Horticulture's Wilting Profits, Ambitious Rescue Plan

Ethiopia's horticulture, a major source of foreign currency and employment, is facing harsh realities that have resulted in potentially hundreds of millions of dollars lost. Investors across the secto...

Jul 21 , 2024

Banks to Venture into Real Estate, Capital Markets Under New Directive

Commercial banks are now permitted to acquire equity shares in capital market service providers, with the exclusion of credit rating agencies, subject to prior approval from the central bank. They can...

Jul 21 , 2024

Fed Bets on Revised Electric Tariffs to Lure Investors

Ethiopia is set to introduce a revised electric tariff system within the next two months. The new tariffs will be up to three times higher than current rates for households and could substantially inc...

Jul 13 , 2024

Electric Vehicle Push Leaves Investors in the Lurch

Investors who rely on tractors, trucks, and field vehicles for commuting, transporting commodities, and farming have their vehicles stranded at the Djibouti ports, following a policy shift by the fede...

Jul 13 , 2024

Ministry Unveils E-governance Strategy

The Ministry of Innovation & Technology launched a five-year e-governance plan requiring a 40 million dollar investment. The finance focuses on digital literacy, skills development, and legal fram...

Jul 13 , 2024

Pasta Prices on the Boil

Consumers are wrestling with a sharp increase in the prices of pasta and macaroni, commodities that have surged by an average of nearly 12 Br across markets. The spike comes days after the ratificatio...

Jul 13 , 2024

Study Reveals Higher Education Quality Crisis, Calls for Reform

The cracks in Ethiopia's higher education system were laid bare during a synthesis report presented at the Academy of Science last week. The study, led by Belay Hagos (PhD), director of the Institute...

Jul 13 , 2024

Authority Bets on Price Adjustment Manual to Tackle Construction Delays

Construction authorities have unveiled a price adjustment implementation manual for state-owned construction projects to address price escalation issues and execution gaps between contracting parties...

Jul 13 , 2024

BANKS BRISTLE AT GOVERNOR MAMO'S GRAND PLAN

The banking industry is experiencing a transformative period under the oversight of National Bank of Ethiopia (NBE) Governor Mamo Mihretu. Last month, the central bank introduced five new directives t...

Jul 7 , 2024

Addis Abeba Eyes Multi-Billion Birr Bridges to Ease Traffic Woes

Transport authorities are considering a grand bridge construction project to improve the Addis Abeba light railway system and address long-standing traffic congestion. Estimated to cost 1.2 billion Br...

Jul 7 , 2024

Ethiopian Eyes Lucrative Nonstop Routes as Airbus Report Unveils Untapped Potential

Ethiopian Airlines can eye an opportunity to grow and expand by introducing nonstop flights on unserved or underserved routes, a recent study from Airbus revealed. The study identified 11 routes that...

Jul 7 , 2024

Environmental Authority Tightens Regulations on Consultancy Competence

Consulting firms are required to obtain competency certificates for conducting environmental assessments of social and economic impacts. Foreign consulting firms are mandated to form alliances with lo...

Jul 7 , 2024

Ambitious Federal Budget Exhibits Urban Glitz Over Rural Grit

The federal government's budget for the fiscal year 2024/25, unanimously ratified by Parliament following a month-long series of hearings, unveiled a mix of ambition and caution. With substantial i...

Jun 29 , 2024

GLITS, GAINS, AND PAINS!

Addis Abeba's boulevard - Africa Avenue (Bole Road) and surrounding districts - are undergoing a facelift frenzy, driven by ambitious urban renewal projects targeting the capital's transformation into...

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