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Fortune News

Jan 7 , 2024

Breadbasket Blues Threaten Livestock, Dairy Industries

An ongoing wheat shortage plaguing the flour industry and prompting factory closures are sending shockwaves through the animal feed sector. The bi-product of wheat which is essential for feed producti...

Jan 7 , 2024

Local Oil Manufactures Slip in Market Share

Local edible oil manufacturers are contending with shrinking market shares for the past six months, as imported edible oil products flood the market, offering lower prices and garnering higher consume...

Jan 7 , 2024

Customs Adopts Dynamic Steeling Valuation

A price valuation system on duties and taxes of steel and its manufacturing inputs is introduced by the Customs Commission, in response to persistent complaints from importers. The price is set to rev...

Jan 7 , 2024

Taxing Requirements Pull Over Transporters

Members of the Ethiopian Transport Employers Federation are facing serious difficulties adhering to bookkeeping standards introduced by the Revenues Bureau. Organised under 13 share companies, the pre...

Jan 7 , 2024

WHERE TECH MEETS QUIRK

In the high-flying world of Ethiopia's financial and tech industries, where its actors' mettle is tested as much by the market as by slow university computers and existential fears, lie tales of intri...

Dec 30 , 2023

REFORMS SPARK LINGUISTIC TUG-OF-WAR

In a consequential shift in the educational sector, controversial reforms inspired by Scandinavian models are under implementation, sparking intense debate among parents, educators, and policymakers....

Dec 30 , 2023

Failure to Clear Tax Obligations Wipes off Diaper Plant Assets

Ontex Hygienic Disposables Plc, a renowned manufacturer of Canbebe diapers, finds itself embroiled in a protracted dispute with federal tax authorities, a conflict that has recently escalated with the...

Dec 30 , 2023

Currency Rues Drive Lifan Motors Production to Grinding Halt

Ethiopia's automotive landscape is facing uncertainty as Lifan Motors, one of the pioneering assemblers in the country, faces a myriad of challenges that could lead to its exit from the Wollo Sefer ar...

Dec 30 , 2023

Riding in Limbo Amidst Transparency Woes

The iconic blue taxi drivers colloquially known as 'Lada,' are considering the formation of a robust new organisation and advocate for their interests as frustration mounts over delays in receiving ve...

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...

Columns

Commentaries | Jul 25,2026

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