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Fortune News

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Addis Abeba Revamps Title Transfer Fees to Tackle Outdated Valuations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...

May 27 , 2023

Slaughtered Husbandry Sector Poised for Reform under New Policy

The absence of technological equipment to control the contraband trade near national borders and low-quality animal feed has cast a shadow on livestock export, undermining possible forex earnings whil...

May 27 , 2023

Tax Relief Bonanza Avails for Crumbling Industry Players

The excise tax imposed on digital products, including video cameras, is fully exempted, creaking hope for the crumbling players in the film industry. The tax proclamation imposed on the industry re...

May 27 , 2023

Ministry's Social Health Insurance Initiative Derailed by Fiscal Squeeze

The implementation of the Social Health Insurance (SHI) scheme, which was scheduled to begin next fiscal year, has been halted due to budget constraints. The scheme aimed to benefit public service...

May 27 , 2023

ESL's Slashing of Shipping Tariffs Signals Hope for Import Sector.

Business owners in the import-export sector are hopeful the price adjustment will be in their favour to turn things around as shipping rates show a significant drop, slashing the prices of Ethiopian S...

May 20 , 2023

PAINFUL TRADE-OFF

Amid rising inflation and economic uncertainty, Addis Abeba's private schools are contending with the difficult decision to hike tuition fees, even as parents struggle to afford them. Officials at the...

May 20 , 2023

Navigating Economic Woes Amid Soaring Inflation, Deficit and External Debt

In an attempt to manage an expanding budget deficit, Finance Minister Ahmed Shide proposed last week a series of fiscal policy prescriptions focused on domestic borrowing, targeted subsidies, and proj...

Addis Abeba Targets 9bn Br New Revenues in Bold Strategy

In an ambitious bid to boost municipal coffers, Addis Abeba City Revenues Bureau officials have outlined plans to collect up to nine billion from property tax in the forthcoming budget year, marking a...

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