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Jun 10 , 2023

Ambitious Budget Bet on Domestic Revenue Growth Amid Macro Instability

Finance Minister Ahmed Shide presented an ambitious budget for the 2023-24 fiscal year to Parliament last week. It is a gamble, say critics, following a year fraught with conflict, revenue shortfall,...

Jun 10 , 2023

Deposit Insurance Mandate Sparks Industry Debate, Faces Scrutiny

In a new regulatory move, commercial banks and microfinance institutions are set to pay insurance premiums to establish a safety net for their depositors. Should the proposed legislation be enacted, t...

Jun 10 , 2023

Awash Powers Ahead, Outperforming Competitors in Volatile Insurance Landscape

Awash Insurance Co. flexes its financial muscle, showcasing its stability and grit amid a volatile insurance industry. Surpassing competitors like Oromia and United, the Ethiopian insurance powerhouse...

Jun 10 , 2023

Caught in a Legal Crossfire Greek School Tests the Boundaries of Community Education

Last week, the historical premises of the Greek Community School on DR Congo St. experienced commotion with the presence of security forces acting on the orders of the Federal High Court judges. The r...

Jun 10 , 2023

Trade Ministry Introduce a Legislation to Harmonize Product Standards

Creating a strong regulatory infrastructure and standardizing the quality of goods for the export sector is prioritised under the new bill put forth by officials at the Ministry of Trade & Regiona...

Jun 10 , 2023

Justice Ministry Spheres Code on Arbitral Institutions

The establishment and provision of arbitration centres are underway, with the Ministry of Justice drafting the regulatory framework to improve the efficiency, transparency and quality of arbitration i...

Jun 6 , 2023

Labour Advisory Board Reinstated After Two Year Hiatus

The tripartite Labour Advisory Board constituting labour, employers and authorities representatives, has recently selected its members after two years hiatus. Its absence has created a disconnect b...

Jun 3 , 2023

High-Stakes Land Auctions Resurge in Addis Ababa after a Half-Decade Hiatus

Addis Abeba's City Administration resumed land auctions after a five-year lull. The auctions witnessed high participation and record bids. However, it was not always the highest bids that won; in many...

Jun 3 , 2023

Forex Crunch Brings No Takers in Edible Oil Bid

A federal agency invitation to procure a large volume of edible oil found itself without a bidder. The lack of interest was attributed to the country's foreign currency crunch, adding to a slew of cha...

Jun 3 , 2023

Mayor's Office Calls Hospitality Sector for Discourse

Public events in the capital foresee a regulatory framework as the Addis Abeba Mayor's Office works the legislative ground. Officials at the Mayor's Office hope to ensure safety measures and crowd...

Jun 3 , 2023

Trade Bureau Salvages Unbridled Street Vendors

A bill that compels street vendors in Addis Abeba to wear lanyard badges featuring their name, trading location and type of employment has been prepared by the city Trade Bureau. According to the d...

Jun 3 , 2023

DEFYING BARRIERS

A curtain has unceremoniously descended over the online landscape in an increasingly digitised Ethiopia. Four relentless months have passed since the federal government imposed a policy to curtail ac...

Jun 3 , 2023

Borena Zone Embarks on Arduous Walk to Hydration

Officials hope to mitigate the impacts of drought on the wide livestock population of Borena Zone, Oromia Regional State, by constructing groundwater wells. Under Wash Program, the project is expec...

May 27 , 2023

ZEMEN'S SKYWARD AMBITION

In a triumph over the trials of the pandemic, a rising tide of construction costs and inflation, Zemen Bank has opened a stunning 32-storey headquarters on Ras Abebe Aregay St., Sengatera area, a hub...

May 27 , 2023

Meqelle Struggles to Reclaim EFFORT's Control Amidst Post-War Saga

Meqelle is in an animated bid to reclaim control of the management of companies under the Endowment Fund for Rehabilitation of Tigray (EFFORT), a conglomerate housing 31 companies. EFFORT's Board s...

May 29 , 2023

Addis Abeba Revamps Title Transfer Fees to Tackle Outdated Valuations

Officials at the Addis Abeba City Administration have recently changed the title transfer fees following revised building valuation rates imposed by the Construction Regulatory Authority. This move ai...


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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