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Fortune News

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...

Sep 8 , 2024

Rating Africa: A Double-Edged Sword

The credit rating industry, long a subject of both influence and controversy, has drawn government officials and experts from across the African continent together to discuss its impact. A recent U...

Sep 1 , 2024

Djibouti Offers Ethiopia Strategic Port's Full Control in Bid to Ease Regional Tensions

In a landmark diplomatic manoeuvre sought to defuse rising tensions in the Horn of Africa, Djibouti has extended an unprecedented offer to Ethiopia of complete management control of the strategic Port...

Columns

Commentaries | Aug 22,2026

Exports Record Worth Having. They Worth More as a Beginning

A record is a strange thing to worry about. Federal trade officials have booked the best e...

Editorial | Aug 22 , 2026

SMALL-NOTES SQUEEZE WORN, TORN, NEVER RETURNED

For Hirut Ayalew, a small shop owner around Ferensay Legasiyon, the shortage of usable sma...

Featured | Aug 1 , 2026 . By BIZUAYEHU ABIY

The City Wants to Widen Its Tax Net. Shops Feel It Tighten

The tax bill that reached Ferdos Debebe this year left little room in the tight finances o...

Agenda | Aug 22 , 2026 . By ABDUREUF JUHAR and FITSUM TADESSE

Central Bank Writes Rulebooks for Billion-Birr Market Already Exists

The forthcoming strategy for interest-free finance will place Sharia-compliant financing o...

Fortune News | Aug 22 , 2026 . By BEZAWIT HULUAGER