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Fortune News

Dec 30 , 2023

Tax Troubles Blossom Threatening Floriculture Industry

A heated tax dispute is blossoming between authorities and six major investors in the floriculture sector. The conflict stems from an investigative tax audit of the Dutch family-owned business initiat...

Dec 23 , 2023

RED SEA RAPTURE

The usually steady flow of global shipping has been disrupted, sending shockwaves through Ethiopia's import and export sectors. As armed militias target international shipping vessels in the Red Sea,...

Dec 23 , 2023

Crunch Time for Tasty Foods

Tasty Foods Plc, a leading manufacturer of popular snack brands "Tasties" and "Jolly Jus", has ceased operations after 24 years of market prominence. The company, a family-owned enterprise under the B...

Dec 23 , 2023

Ministry Mops Up Contract Farming Provision

Financial losses due to contract farming are poised to be addressed with renegotiation according to the Ministry of Agriculture's bill drafted to tie up loose ends on implementation. Officials hope to...

Dec 23 , 2023

Cooperative Shake-up Sets Unions at Crossroads

Primary unions scattered across the country may face potential dissolution if they fail to meet the new requirements introduced by the Ethiopian Cooperative Commission. Ethiopia is set to embark on a...

Dec 23 , 2023

Addis Chamber Eyes Outsourced Public Sector Services

The business landscape in Addis Abeba is on the verge of transformation as the City Administration takes bold steps to outsource various functions in the public services in trade, revenue, transport,...

Dec 16 , 2023

FROM BROADCASTING TO TRADING

The first-ever securities trading floor, projected to be operational within two years, will be housed in the site of a 12-storey edifice on Churchill Road, near Addis Abeba's financial district. The p...

Jul 3 , 2024

Europe's Green Crusade Brews Bitter Cup for Ethiopia's Coffee

The European Union's (EU) new regulation for deforestation is sending ripples through the global coffee industry, impacting coffee exporters in Ethiopia and other developing countries. The sweeping...

Dec 16 , 2023

Tax Tsunami to Hit Finance Sector

Leading financial institutions have found themselves embroiled in a legal battle with federal tax authorities over a contentious dividend tax issue. A landmark ruling by the Federal Supreme against...

Dec 16 , 2023

Regional Chambers Snooze Assembly Calls

Members of the regional and city chamber of commerce and sectoral associations have less than a week to convene a general assembly before the three-week window given by Teshale Belihu, former state mi...

Dec 16 , 2023

Survey Uncovers Perilous Addis Abeba Roads

Megenagna, China Camp and Haile Garment areas are reported as the most prominent traffic accident hotspots in Addis Abeba, while Abinet Sebategna, Winget and Bambis areas are reported as the most fata...

Dec 9 , 2023

Shareholders' Rebellion Rattles Amhara Bank

Amhara Bank finds itself embroiled in a detrimental controversy after its Board Chairman, Melaku Fenta, faced a rebellion from shareholders who petitioned regulators to investigate the Bank's governan...

Dec 9 , 2023

FROM BUBBLES TO TROUBLES

Moha Softdrink Industries S.C., Ethiopia's leading beverage bottler, is in a precarious situation after seeing its founding General Manager retiring and facing a looming closure due to a web of proble...

Dec 9 , 2023

Addis Abeba's Land Allocation Leap Stirs Hope, Skepticism

The Addis Abeba City Administration officials have sanctioned plot allotments for various developers, comprising sectors from banking to hospitality. The move made three weeks ago, authorised by Girma...

Dec 9 , 2023

Light Amid Grim Realities of Manufacturing Sector

Ethiopia's manufacturing sector remains in a tangled web of macroeconomic pressures, security challenges and exogenous shocks. The trifecta highlighted through the latest study by the United Nations D...

Dec 9 , 2023

Oil Refiners Infused in Compulsory Boost

Edible oil manufacturers are struggling to sustain vitamin infusions into their products before releasing them to the market. The mandatory infusion of Vitamin A and Vitamin D, essential for night vis...

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