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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...

Jan 13 , 2024

WASTED WEALTH IN LEATHER'S LOSS

The Qera neighbourhood was in its familiar heavy air with the scent of freshly slaughtered cattle. The chaos from the holiday buzz puts a valuable commodity overlooked – the hides and skins of sheep...

Jan 13 , 2024

Textile Industry Threads a Tight Fabric

Leaders of the textile and garment industry are pressing with desperate calls for policy intervention, confronted with a flood of contraband trade, high excise taxes, and dwindling sales. The Ethiopia...

Jan 13 , 2024

Irrigation Projects Fall Short as Drought, Disarray Take Toll

The federal government is undertaking a major reassessment of its water resource management policy and irrigation infrastructure, responding to the escalating threat of droughts. At the centre of t...

Jan 13 , 2024

Honey Exports Buzz Out of Existence

In a sweet bid to revive the souring honey export sector, experts from the Livestock Development Institute have proposed the establishment of commercial honey farms and the enhancement of its by-produ...

Jan 13 , 2024

Ethiopia's Labor Force Echoes Global Unemployment Rise

The number of youth not in education, employment, or training (NEET) has surged to a staggering 62 million people across Sub-Saharan Africa, according to a recent report released by the International...

Jan 13 , 2024

Lawmakers Scrutinise Data Protection Bill

In a landmark development of crafting Ethiopia's first personal data protection proclamation, fierce debates over legal mandates and regulatory oversight sparked at Parliament last week. The legislati...


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Cost Recovery by Public Institutions Becomes a Hidden Tax

Ideally, citizens who have paid income tax all year should not have to reach for their wal...

Editorial | Jul 25 , 2026

Chasing Excellence in the Summer, Raising Questions Over Who It Leaves Behind

For as long as her daughter had been in school, the summer break belonged to the family. E...

Featured | Jul 25 , 2026 . By BIZUAYEHU ABIY and TIGIST MEKONNEN

Shematera Weavers' Chain Meets the VAT Line

The footsteps, bargaining voices and rustle of cotton cloth that once filled Shematera in...

Agenda | Jul 25 , 2026 . By NAHOM AYELE

Global Bank Board Suspends 18 as Deposit Probe Widens

Global Bank's Board of Directors have overhauled top management, after suspending several...

Fortune News | Jul 25 , 2026 . By BEZAWIT HULUAGER