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Fortune News

Mar 23 , 2024

Fed Procurement Push Aims to Fuel Industrial Growth

Minister of Finance Ahmed Shide has intensified efforts to enforce mandatory domestic procurements across federal government institutions. He issued directives to 169 federal agencies two weeks ago, u...

Mar 23 , 2024

Steel Industry Seeks Way Out of Policy Coil

A policy measure that favoured steel importers over manufacturers was laid out as the major issue for the industry tethering on the brink of collapse. Following discussions at the Prime Minister's Off...

Mar 16 , 2024

ETHIOPIA'S REFORM ROULETTE PLAYS

Finance Minister Ahmed Shide inked a comprehensive 13-article agreement with the Development Partners Group (DPG), a coalition of donors led by the United Nations and the United Kingdom. The rite, hel...

Mar 16 , 2024

CBE Glitch Transforms a Routine Weekend into a Jackpot

In a dramatic turn of events that rattled the digital banking sector, the Commercial Bank of Ethiopia (CBE), the largest financial institution, encountered a severe system malfunction early Saturday m...

Mar 16 , 2024

Sowing Seeds of Tax Hike

The Ethiopian government recently implemented revised import taxes to bolster domestic businesses and decrease reliance on foreign goods. This move is in line with the country's ongoing import substit...

Mar 16 , 2024

Commercial Banks Dip Toes into Capital Markets Pool

The National Bank of Ethiopia (NBE) introduces a draft directive limiting commercial banks' equity investments in non-banking businesses to 10pc of their total capital. The move is designed to anchor...

Mar 16 , 2024

Accreditation Crackdown Sweeps Higher Education

Ethiopia's higher education system stands on the cusp of a major transformation. Stringent standards are now mandated for new accreditations and program approvals, setting a precedent for rigorous scr...

Mar 16 , 2024

New Customs Rule Holds Manufacturers Hostage

Local manufacturers are facing disruptions due to a recent customs regulation put forth a month ago. Ethiopian Customs Commission now requires approval for all imports of their non-raw materials broug...

Mar 9 , 2024

SQUEEZING INCOME - SPARKING AMBIGUITY

Motorcycles, once celebrated as emblems of entrepreneurial spirit in Addis Abeba, are now the centre of an intensifying clampdown. The aspiration for economic well-being, once readily pursued on two w...

Mar 9 , 2024

Ethio telecom Woos Banks into Digital Matrimony

Over half a dozen commercial banks are poised to join Telebirr, the mobile money service operated by the state-owned Ethio telecom, leveraging its credit scoring system and extensive user base. Hailed...

Mar 9 , 2024

Red Sea Troubles Threaten Smooth Coffee Exports

A severe logistical gridlock grips coffee exporters due to escalating geopolitical tensions in the Red Sea region. The jam, spurred by repeated assaults by the Houthi militia in protest against Israel...

Mar 9 , 2024

AquaSafe Gasps for Air as Company Fights to Stay Afloat in Tax Whirlpool

Debre Birhan Natural Spring Water (DBNSW) S.C., the Company behind the AquaSafe bottled water brand, has suspended its operations amid a dispute with federal tax authorities, involving hundreds of mil...

Mar 9 , 2024

Legal Eagles Meet Financial Architects: Building Ethiopia's Capital Market Stronghold

The transparency, legal frameworks and technical expertise in Ethiopia's budding capital markets are sparking discussions between investors and industry players. They focus on navigating this uncharte...

Mar 2 , 2024

MONEY WALKS, CLIMATE TALKS

Last week, Finance Minister Ahmed Shide conversed closely with Ousmane Dione, the World Bank's country director for Eritrea, Ethiopia, South Sudan, and Sudan at the Hyatt Regency Hotel, on Africa Aven...

Federal Government's Big Pharma Bet

Federal authorities have embarked on an ambitious initiative, granting 17 domestic pharmaceutical manufacturers preferential access to a multi-billion Birr supply contract scheme. Part of a comprehens...

Mar 2 , 2024

The Art of Selling Seeds at a Loss Gets a Regulatory Makeover

Officials of the Ministry of Trade & Regional Integration (MTRI) have mandated exporters of pulses and oilseeds to match or exceed their purchase prices from the Ethiopian Commodity Exchange (ECX...

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