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Fortune News

Feb 10 , 2024

Biscuit Manufacturer Faces Uphill Tax Battle Amidst Production Halt

The once vibrant operations of Ahadukes Food Products Plc, a manufacturer of Tiger biscuits, came to a grinding halt a month ago. A joint venture investment for the past decade, the Company's executiv...

Feb 7 , 2024

When Abundance Meets Red Tape, Manufacturers Get Salty

An industrial paradox unfolds as a considerable salt shortage grips the manufacturing sector, despite the country sitting atop a vast reserve of this crucial industrial commodity. The situation, as...

Feb 6 , 2024

Ethiopia Dusts off Intellectual Property Bill

Ethiopia is revamping its intellectual property laws after three decades of operation through a bill drafted in partnership with the European Patent Office. The draft includes provisions for patents,...

Feb 3 , 2024

FROM DJIBOUTI'S GRIP TO KENYA'S EMBRACE

Ethiopia is preparing to send its first shipments through Kenya's Port Lamu, in a move to diversify its trade routes and reduce heavy reliance on ports in Djibouti. Set to commence with fertiliser...

Feb 3 , 2024

Mines Ministry Pushes Local Coal on Cement Factories

Local cement manufacturers plan to phase out their reliance on imported coal contingent upon the improved quality of locally produced supply. The move comes as a month-long collaborative study with th...

Feb 3 , 2024

Authority Brews Up a 2.2b Br Plan to Keep Coffee from EU's Deforestation Grind

The authorities are scrambling to comply with the European Union's forthcoming regulation on deforestation, a move that threatens a significant portion of coffee exports to the economic bloc. The Ethi...

Jan 27 , 2024

Real Estate Deal Gone Awry

In a high-profile corruption trial at the Federal High Court, businessman Abnet Gebremeskel, formerly a close confidant of prominent tycoon Mohammed Hussein Al-Amoudi (Sheikh), faced criminal charges...

Jan 27 , 2024

Market Dynamics to Drive Monetary Decisions

The central bank is embracing a price-based monetary policy, a departure from its traditional approach, as part of a comprehensive three-year strategy outlined by the National Bank of Ethiopia (NBE)....

Jan 27 , 2024

HIGHWAYS IN HURDLES

Ethiopian Roads Administration (ERA) is under treacherous terrain, terminating 32 road construction projects and suspending an additional 52 projects due to an array of obstacles. Security concerns, s...

Jan 27 , 2024

Global Bank Ethiopia Faces Escalating Labor Dispute

In a brewing labour dispute at Global Bank Ethiopia, tensions are on the rise as 315 employees including union leaders find themselves terminated by the management. The discord revolves around the Boa...

Jan 27 , 2024

FROM FESTIVALS TO FIZZLES

An air of uncertainty pervades Gonder, a town in Amhara Regional State. Once celebrated for its vibrant festivals and ancient castles, the town is now scuffling with an economic downshift. The Grand G...

Investment Impesario

Hanna Arayaselassie, a noted public servant and former CEO of Ethiopost, has been appointed as the new Ethiopian Investment Commission (EIC) commissioner effective January 17, 2024. She succeeds Lelis...

Jan 19 , 2024

Ministry Prescribes Local Cure for Ailing Pharma

The Ministry of Health has taken up the services of the American Consulting firm McKinsey & Company to conduct a four-month-long study sponsored by the United Kingdom. The study aims to create a s...

Jan 19 , 2024

Ministry Suspends Tallied-Up Social Welfare Taxes

Minister of Finance Ahmed Shide ordered a temporary suspension of accrued social welfare taxes imposed on importers, citing delays and implementation difficulties since the enforcement of the regulati...

Jan 19 , 2024

World Bank Paints Growth Portrait for Ethiopia: Agriculture, Peace on Canvas

A mixed bag of tight fiscal space, economic growth and fragility in Ethiopia is presaged by the flagship World Bank report released last week. 'Global Prospects Report' comes amid increased incidences...

Jan 19 , 2024

Governor Mamo Relaxes Currency Rules, Fuelling Hopes for Manufacturers

Authorities at the National Bank of Ethiopia (NBE) have lifted a consequential restriction imposed on manufacturers, removing a cap on the number of proforma invoices they can submit to commercial ban...

Columns

Commentaries | Jun 06,2026

The Elections Offered Order at the Centre, Silence at the Edges

For a political veteran as controversial as Getachew Reda, last week's national elections...

Editorial | Jun 6 , 2026

Addis Abeba Pours a New Story in Every Cup, Where Tradition Meets Global Influence

Customers settle into a carefully curated space of dark wood, black accents, muted green f...

Featured | May 31 , 2026 . By HELINA HADGU

THE GOLD RUSH RUNS OUT OF FUEL

Zenebe Girja used to sit close to the centre of the formal gold trade, where sacks of raw...

Agenda | Jun 7 , 2026 . By MASTEWAL ZEMENE

National Census Delay Opens a New Fight Over Who Controls the Facts

The long-delayed census has returned to Parliament not as a counting exercise, but as a fi...

Fortune News | Jun 7 , 2026 . By NAHOM AYELE

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