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Ambitious Capital Upsurge Seeks to Redefine Monetary Policy, Price Stability

A bill before Parliament proposes a dramatic increase in the Central Bank's capital to 20 billion Br, nearly 40 times its existing amount. If passed, the bill mandates that the federal government ensu...

Jun 22 , 2024

Maritime Authority Sets Sail for Logistics Policy Changes

Ethiopian Maritime Authority is launching a major overhaul of the logistics sector in a bid to streamline operations and attract foreign investment. A recent study conducted by a UK consulting firm ex...

Jun 22 , 2024

Djibouti Disputes World Bank Port Ranking, Cites External Factors

Djibouti officials have raised objections over what they describe as "inconsistencies" in the evaluation metrics used in the World Bank's recent port ranking. Out of 405 ports, Djibouti's ports droppe...

Jun 22 , 2024

Green Legacy Primed for Billions in Funding

A new bill proposing the establishment of a special fund, potentially worth billions of Birr, was presented to the Ethiopian parliament last week. The bill, co-authored by the Ministry of Finance and...

Jun 15 , 2024

BUDGETARY TIGHTROPE STROLL!

The federal government unveiled a 971.6 billion Br budget bill for the upcoming fiscal year, while the economy is under dual pressures to ensure stability and achieve growth. Finance Minister Ahmed Sh...

Jun 15 , 2024

Education Authority Champions Local Talent to Take Priority Over Foreign Expertise

International schools are now mandated to demonstrate that they have exhausted all options for finding qualified Ethiopian nationals before hiring expatriate staff. The policy is part of broader chang...

Taxpayers Cry Foul over Unclear Tax Code, Alleged Corruption

Frustration simmered among business owners who gathered at the Inter-Luxury Hotel, on Guinea Conakry Tito St. to discuss the impact of tax policy on the private sector last week. The Addis Abeba Chamb...

Jun 15 , 2024

Soaring Debt Impede Upcoming Budget

The proposed budget bill for the upcoming fiscal year reflects the federal government's struggle to balance economic stability with growth aspirations. Officials' ability to manage debt, implement ref...

Jun 15 , 2024

Lawmakers Debate Wealth Witch Hunt Decree

A groundbreaking bill granting the government sweeping powers to trace, identify, seize, and investigate assets acquired through "unexplained means" was tabled before Parliament last week. According t...

Jun 8 , 2024

RIDESHARE SURGE OUTPACES SAFETY MEASURES

The rise of taxi-hailing companies in Addis Abeba over the past six years has been a double-edged sword. While these services have transformed urban transport and provided much-needed job opportunitie...

Jun 11 , 2024

Djibouti Blasts World Bank's 'Unjust' Ports Rating, Accuses Bias

Djiboutian authorities have lashed out at the World Bank over its recent assessment of the country's ports performance, which saw an unprecedented decline in global rankings. The fourth edition of the...

DBE Owes Dramatic Turnaround to Controversial Policies Fueling Its Rebound

Five years after teetering on the brink of a tumble due to alarmingly high levels of non-performing loans (NPLs), the state-owned Development Bank of Ethiopia (DBE) has staged an impressive recovery,...

Jun 8 , 2024

Oromia Blooms with Flower Farm Land Lease Rates

Oromia Regional State President Shimeles Abdisa introduced a land lease directive for flower farm investors a month ago, featuring new lease rates based on proximity to city centres categorising t...

Jun 8 , 2024

Parliament Grills Transport Ministry over Fuel Subsidy Program

Parliamentarians incited fury over inefficiencies in fuel distribution and subsidy management, during the Ministry of Transport & Logistics performance report last week. Members of the Standing Co...

Jun 8 , 2024

Addis Chamber Sues City Administration, Exhibition Enterprise Over Unpaid Millions

The Addis Abeba Chamber of Commerce & Sectoral Association (Addis Chamber) has taken legal action against the Exhibition Centre & Market Development Enterprise and Addis Abeba City Administrat...

Jun 1 , 2024

A Woman Sues BGI Ethiopia, Alleges Fraudulent Shares Transfer

In a high-stakes legal confrontation, a businesswoman emerged from the shadows, taking on a brewery giant and its affiliates, alleging an unlawful seizure of her ownership stake with BGI Ethiopia Plc...

Columns

Commentaries | Jul 25,2026

Cost Recovery by Public Institutions Becomes a Hidden Tax

Ideally, citizens who have paid income tax all year should not have to reach for their wal...

Editorial | Jul 25 , 2026

Chasing Excellence in the Summer, Raising Questions Over Who It Leaves Behind

For as long as her daughter had been in school, the summer break belonged to the family. E...

Featured | Jul 25 , 2026 . By BIZUAYEHU ABIY and TIGIST MEKONNEN

Shematera Weavers' Chain Meets the VAT Line

The footsteps, bargaining voices and rustle of cotton cloth that once filled Shematera in...

Agenda | Jul 25 , 2026 . By NAHOM AYELE

Global Bank Board Suspends 18 as Deposit Probe Widens

Global Bank's Board of Directors have overhauled top management, after suspending several...

Fortune News | Jul 25 , 2026 . By BEZAWIT HULUAGER