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Fortune News

Dec 2 , 2023

Mamo's High-Stakes Bid to Revamp Economy Faces Tough Road Ahead

Mamo Mihretu, the governor of the National Bank of Ethiopia (NBE), has outlined a comprehensive three-year strategic plan to overhaul the financial regulatory framework. It is a bold move signalling a...

Dec 2 , 2023

Strategic Relocation Brews Upheaval as BGI Faces Workers' Ire

BGI Ethiopia, one of the largest brewing companies, is in the throes of a major transition that has spurred unrest among its workforce. The brewing behemoth, with around three decades of operation and...

Optimism in Fertiliser Overhaul Sprinkles a Pinch of Skepticism

Minister of Agriculture, Girma Amentie (PhD), is leading a charge to overhaul the fertiliser procurement process, in a bid to avert the fertiliser shortage that plagued Ethiopian farmers last year. Th...

Dec 2 , 2023

Leather Industry Limps as Regional Free Trade Nears Takeoff

Amidst accession to a cross-regional trade, one of the oldest industries is struggling with policy fragmentation and loose value chains. With 18 operational tanneries, 21 footwear and 25 leather produ...

Dec 2 , 2023

Fed Contemplates Horticulture Exports Price Cusp

Officials at the Ministry of Agriculture move to set a minimum price threshold for horticulture exports, at the backdrop of a study that hopes to regulate international trade. The decision came after...

Nov 25 , 2023

Tax Dispute Dampens Awash's Milestone Profit Thrill

Awash International Bank (AIB) posted a striking surge in net profits, reaching 6.9 billion Br this year, a milestone announcement made by its Chairman, Gure Kumssa, at the shareholders' meeting on Sa...

Nov 25 , 2023

Djibouti Customs Capers Clog Imports

A new regulatory measure Djibouti's customs officials enforced led to importers being confronted with weeks-long delays and incurring significant demurrage costs. Djibouti customs officials have be...

Nov 25 , 2023

Minister Lia Launches Multi-Billion Dollar Health Sector Revamp

Minister of Health Lia Tadesse (MD) has displayed her ambition of rolling out a three-year investment and development roadmap, targeting the rehabilitation of health facilities in regions ravaged by c...

Nov 25 , 2023

Tourism Gleams New Hope To Tigray

A year after the cessation of hostilities agreement was signed between the Tigray People's Liberation Front(TPLF) and the Federal government; Tigray regional state is set to reopen its tourism secto...

Nov 25 , 2023

Ministry Formulates Valuation Standards As Property Tax Looms

Land grading and property valuation criteria across all 2500 cities in the country are set to be formalized as a 51-page standard manual by the Ministry of Urban & Infrastructure to assess real pr...

Nov 25 , 2023

Navigating Sharia Compliant Insurance

As Ethiopia dives deeper into the interest-free financial landscape, insurance industry insiders indicate a lack of enabling policy frameworks, a dearth of competent experts and a general lack of awar...

Nov 18 , 2023

HUNGER IN THE CITY!

A harsh reality unfolds beneath the veneer of Addis Abeba's urban life. A line snaked around the Hope Enterprise's Feeding Centre, on Churchill Road, where several from various backgrounds converge,...

Nov 18 , 2023

Safaricom's Ethiopian Odyssey

Safaricom Ethiopia, a consortium-backed telecom giant, has embarked on an ambitious journey in a market historically hogged by the state-owned Ethio telecom. With a substantial investment of 1.6 billi...

Nov 18 , 2023

Forex Follies Become a Noose for Manufacturers

An embargo on clearance procedures for cargoes imported through partitioned foreign currency permits came into effect this week, sending ripples through the manufacturing landscape. The new regulatory...

Nov 18 , 2023

Special Economic Zones Loom Awaiting Policy Ratification

An industrialisation campaign that aspires to take lessons from failures of industry parks targets diversified exports and enhanced regional trade capacity. Dubbed Special Economic Zones (SEZ), a mini...

Nov 18 , 2023

Peace & Security Bureau Moves to Rectify Loading Woes

Loading and unloading activities in the capital will be met with a sweeping reform as the Peace & Security Administration Bureau under the Addis Abeba City Administration is set to introduce regul...

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