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Fortune News

Mar 18 , 2023

Benishangul-Gumuz State Most Expensive to Reside

Consumers in the Benishangul-Gumuz Regional State feel the pinch of a high cost of living, exacerbated by the logistical challenges of importing goods from neighbouring states. The passage through...

Korean Firm Takes the Helm to Consult Bus Transit Corridors in Addis Abeba

A Korean-based consultancy firm, DONG IL Engineering Consultants bagged the contract to conduct a detailed analysis on constructing bus transits on flood-ridden roads in Addis Abeba. The company is...

Mar 18 , 2023

Price Thresholds for Horticulture Exports Rise Despite Quality Issues

Authorities raise the minimum price threshold for horticultural products on vegetables and fruits exported to Djibouti ports. The prices saw up to 40pc increase three weeks ago, following a prolo...

Mar 18 , 2023

Electrical Grid Theft Banes Amhara Regional State

Repeated theft has plagued electric power transmission lines in Amhara Regional State with the latest attempt claiming the life of a woman in the Dejen Tika district, 270km from the capital. The in...

Mar 18 , 2023

Abay Bank's Capital Fortitude, Efficiency Bolster Profits During Turbulent Times

In the finance world, where institutions' fluctuating fortunes often make headlines, Abay, a mid-sized financial institution, has found itself in the limelight for reasons that evoke optimism and caut...

Mar 11 , 2023

AU Headquarters Hit by Cyberattack

The African Union headquarters has suffered a cyberattack that required temporarily closure of its network and suspension of several functions for over a week. The IT department was forced to enforc...

Food Inflation Crisis Threatens Addis Abeba School Feeding Programs

Women's unions that organize food for public school children in Addis Abeba face a threat to their sustainability due to rapidly rising food prices in the city. The Addis Abeba City Administration...

Mar 11 , 2023

Financial Woes Plague Federal Housing Corporation

House units under construction by a state-owned company remain in limbo due to financial shortages while officials contemplate selling parts of the units to finance the rest. The Federal Housing Corpo...

Mar 11 , 2023

State-owned Pharmaceutical Supplier Anticipate Cold Warehouse Expansion

Ethiopian Pharmaceutical Supply Service (EPSS) is one step closer to expanding its cold room used for pharmaceutical storage and completing its seven-storey building, hoping to increase the storage ca...

Mar 11 , 2023

Family-owned Businesses Assemble to Brace Ceasing to Exist

Family-owned businesses are attributed to a high rate of collapse for lack of proper management, poor succession strategy, and insufficient funds, though they constitute the oldest and most dominant f...

Mar 4 , 2023

COLD DELICACY

The cost of a crate of beer has gone up by 10pc last week in the domestic market. A series of amendments to the excise tax law have compounded to diminish alcohol bottlers' returns that see rising pro...

Oromia Bank Thrives Amid Intense Competition

Oromia Bank recorded strong performance from its operations last year, generating whispers of a rewarding year for its shareholders. Despite challenging economic conditions compounded by social unrest...

Mar 4 , 2023

Amhara Regional State Contractors Dismayed over Price Adjustments

Contractors registered in Amhara Regional State are uneasy about the price adjustments made on the contractual agreements of unfinished projects by the administration. They claim the adjustment had on...

Mar 4 , 2023

City Gloss Over Buildings Paint Reform

Buildings in the capital foretell unified design standards pertaining to aesthetics such as paints adhering to the European RAL colour ranges as the Addis Abeba City Administration Construction Permit...

Mar 4 , 2023

Financial Services Foresee Consumer Taxation

International banking services, remittance and electronic transactions are up for value-added taxation as the Ministry of Finance officials contemplate widening the tax base. Loans and credit disbu...

Feb 25 , 2023

FISHY PLIGHT

With the growing popularity of street food made from fried fish, the industry experiences a boom during the main fasting season for Ethiopian Orthodox followers, during which restaurants and hotels in...

Columns

Commentaries | May 09,2026

Every Encounter with the State Should Not Become an Invoice

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