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Fortune News

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...

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...

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