Fortune News

FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers New TRADE AFRICA New

Fortune News

Feb 16 , 2025

Dangote Bids for Expansion, Eyes Diversified Investments

Dangote Group, the largest cement manufacturer in Africa, is making a 400-million-dollar investment to double the production capacity of its Dangote Cement Plc plant in Mugher town, Oromia Regional St...

Feb 16 , 2025

Steelmakers Hit Breaking Point as Soaring Costs, Imports Erode Industry

Domestic steelmakers have been confronted with a severe crisis driven by escalating scrap metal prices and acute shortages that threaten to undercut their ability to compete. The soaring costs, they a...

Feb 16 , 2025

AU LEADERSHIP SHIFTS, TURMOIL LINGERS

Outgoing African Union Commission Chair Moussa Faki Mahamat, pictured with Prime Minister Abiy Ahmed (PhD), takes a final stroll through the corridors of power in Addis Abeba on Saturday, February 15...

Feb 16 , 2025

Institute to Digitise Farmer Database, Launch Online Platform

The government has begun registering farmers in a nationwide digital database as part of a plan to modernise agriculture, expand financial access, and improve supply chains. The Agricultural Transfor...

Feb 16 , 2025

New Standard Introduces Sweeping Hospital Accreditation Overhaul

A new hospital accreditation standard has been introduced, requiring hospitals to be accredited for all their services, unlike the previous system, which covered only laboratories and infrastructure...

Feb 9 , 2025

U.S. AID FREEZES, LEAVING RECIPIENTS COUNTING

The abrupt funding pause of American aid has left the humanitarian world reeling, sparking immediate and profound uncertainty among those dependent on USAID-financed works. One consultant described th...

Feb 9 , 2025

Oversight Failures Ignite Parliamentary Wrath as Investment Audit Reveals Deep Flaws

The Ethiopian Investment Commission is under intense scrutiny after the Federal Auditor General's findings revealed years of alleged oversight failures. The report shows that, over the past 26 year...

Oromia Bank Installs New Chair in Governance Overhaul, Profit Slump

Oromia Bank has elected a new board chairperson following the resignation of Assefa Sime (MD), after serving the role for over a year, replaced by Tilahun Gemechu, a senior advisor in the business and...

Feb 9 , 2025

Road Projects in Crisis as Compensation Disputes, Budget Shortfalls, Incompetence Stall Construction

The Ethiopian Roads Administration (ERA) has suspended 27 road projects due to security concerns, contractor disputes, supply chain disruptions, budget shortfalls, and surging compensation claims. The...

Feb 9 , 2025

Authority Introduces Education Quality Audit System as Sector Faces Crisis

The Education & Training Authority (ETA) is set to implement a standardised quality audit system for all higher education institutions (HEIs), including universities and Technical & Vocational...

Feb 9 , 2025

Flour Millers Struggle as Taxes, Duties, Lending Crunch Bite

Flour millers are facing severe financial strain, with rising taxes, customs duties, and financing shortages pushing many factories to the brink of closure. The Ethiopian Millers Association (EMA), wh...

Feb 1 , 2025

PROSPERITY'S PROMISES, ETHIOPIA'S RECKONING

The incumbent Prosperity Party (PP) rallied 1,200 of its ranks amid a turbulent political and economic environment, convening its second convention five years after its establishment. Mustered for two...

Feb 2 , 2025

Banks Hike Lending Rates as Liquidity Tightens, Leaving Borrowers in the Lurch

A notable wave of lending rate increases is reshaping the financial sector, following major banks adjusting their rates upward, with some reaching as high as 22pc. Several banks, including Oromia, Coo...

Feb 2 , 2025

Authority's Coffee Ban Roils Industry as Exporters Cheer, Farmers Reel

The coffee industry is reeling after the Ethiopian Coffee & Tea Authority (ECTA) abruptly banned the export of grade-five coffee. The Authority is tightening regulations on vertical integration to...

Feb 2 , 2025

Dispute Deepens at Addis Chamber as Abera Abegaz Challenges Election

The controversy surrounding the Addis Abeba Chamber of Commerce & Sectoral Associations (AACCSA) has escalated as board member Abera Abegaz demands enforcement of a court ruling that overturned hi...

Feb 2 , 2025

Central Bank Extends Loan Repayment Period for Tigray Businesses

Businesses and traders in the Tigray Regional State have been granted a one-year extension on loan repayments totalling 86 billion Br, offering temporary relief after the devastating two-year conflict...

Columns

Commentaries | Apr 13, 2025

Officials Bank on Student Service to Patch a Fractured Country

The federal government will soon require one year of national service from university stud...

Editorial | Apr 13 , 2025

When the Lift Lets Users Down

Key Takeaways: Human stories, like Hiwot's and Mekdes', reveal dire safety lapses i...

Featured | Apr 6 , 2025 . By YITBAREK GETACHEW

Trenches of Tax Turmoil

Key Takeaways: Merkato's bustling trade shows signs of a slowdown, manifesting deep...

Agenda | Apr 13 , 2025 . By BEZAWIT HULUAGER

MERCATO TAXED TO SILENCE

Some parts of Merkato have fallen uncharacteristically silent, contrary to its typical bus...

Fortune News | Apr 13 , 2025