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Fortune News

Sep 9 , 2024

Businesses Struggle Under Weight of Economic Burdens

A chorus of complaints from business leaders is growing louder, as a web of macroeconomic pressures, security challenges, and policy bottlenecks continue to cripple operations. At a recent meeting...

Sep 8 , 2024

HERITAGE FUELS MUSICAL FUSION

Imagine a breathtaking symphony of soundscapes where tradition dances with modernity, guiding listeners on an exhilarating musical voyage through the vibrant heart of a country. Pulsating beats sync w...

Sep 8 , 2024

Fed Opens Doors to Refugee Economic Integration

Ethiopia has taken a step to integrate refugees and asylum seekers into its formal economy with a new directive aimed at unlocking employment opportunities for over a million displaced individuals. Th...

Sep 8 , 2024

From Rescue to Resignation Yohannes Ayalew Departs Policy Bank

Yohannes Ayalew (PhD), credited with steering the state-owned Development Bank of Ethiopia (DBE) away from financial turmoil and restoring its credibility, stepped down as president last week after a...

Sep 8 , 2024

Rating Africa: A Double-Edged Sword

The credit rating industry, long a subject of both influence and controversy, has drawn government officials and experts from across the African continent together to discuss its impact. A recent U...

Sep 1 , 2024

Djibouti Offers Ethiopia Strategic Port's Full Control in Bid to Ease Regional Tensions

In a landmark diplomatic manoeuvre sought to defuse rising tensions in the Horn of Africa, Djibouti has extended an unprecedented offer to Ethiopia of complete management control of the strategic Port...

Sep 1 , 2024

Commercial Banks in VAT Crosshairs

The Ethiopian Bankers Association (EBA) has voiced strong objections to a draft regulation on Value Added Tax (VAT) under review by the Ministry of Finance. Its leaders argued that the proposal could...

Sep 1 , 2024

Tigray Businesses Call for Post-Conflict Loan Relief

Representatives of businesses and traders in Tigray Regional State are calling for loan repayment extensions and interest write-offs totalling 60 billion Br, after a devastating two-year conflict that...

Sep 1 , 2024

Purpose Black's High-Rise Ambitions Hit Hard Ground Following Executives' Arrests

Purpose Black S.C. an aspirant real estate and grocery store chain investor, is facing a serious crisis as its newly appointed Chief Executive Officer (CEO), Ermias Birhanu (PhD), and three other top...

Sep 1 , 2024

Central Bank Reforms Seek to Revive Faltering Market During Economic Headwinds

The National Bank of Ethiopia (NBE) has revised its premium pricing strategy for gold miners and suppliers in a bid to revive the struggling gold market. Effective August 29, 2024, the new directive i...

Aug 25 , 2024

PHASE TWO BEGINS

The Addis Abeba city administration has a mammoth task at hand with launching the second phase of its corridor development project, designed to breathe new life into the city. On the horizon is the tr...

Aug 25 , 2024

Outsourcing Aspirations

The emerging outsourcing sector, still in its infancy, is rapidly recognised as a critical component of the country's economic growth strategy. Federal authorities see potential in this sector for job...

Aug 25 , 2024

Finance Ministry Relaxes Import Requirements

The Ministry of Finance has lifted the 250,000-dollar cap on franco valuta imports, allowing for the import of all goods except fossil fuel-powered automobiles and security and defence equipment. The...

Aug 25 , 2024

Ambitious Expansion Plans Set to Reshape Three Districts

The Addis Abeba City Administration's ambitious urban development initiative is set to expand into other districts with the launch of the second phase of its corridor development project. The new phas...

Aug 25 , 2024

Power Producer Earns $27 Million from Data Miners

The state-owned power producer, Ethiopian Electric Power (EEP), has earned 27 million dollars from electricity sales to data miners in less than a year. CEO Ashebir Balcha disclosed that they achieved...

Aug 18 , 2024

DEBRIS OF DESPAIR

Last week, a dramatic disaster unfolded when vehicles parked in a maintenance yard in the Merkato neighbourhood were battered by construction debris. The unfortunate incident hit hard as insurance pol...

Columns

Commentaries | Dec 22,2024

Fossil Fuels Arent Going Anywhere Despite Great Energy Transition Myth

Life Matters | Dec 21,2024

Inadequate Regulation Leaves Tenants Vulnerable to Arbitrary Rental Hikes

My Opinion | Dec 21,2024

Universal Human Rights Should Prevail Over Sovereignty's Fragile Facade

Sunday with Eden | Dec 21,2024

Overcoming Emotional Impulses in Decision-Making

Agenda | Dec 22,2024

Fuel Supply Halts as Parallel Market, EV Push Leave Regions, Investors in the Lurch

Editorial | Dec 21,2024

Addis Abeba's Gleaming Facade Masks a Parched Metropolis

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Addis Abeba's Gleaming Facade Masks a Parched Metropolis

The main avenues and thoroughfares of Addis Abeba have undergone an impressive facelift th...

Editorial | Dec 21 , 2024

E-bikes' Flat Tyre Seeks Authorities' Goodwill

For Netey Tesfaye, an electric bike offered a chance at a decent living, delivering goods...

Featured | Dec 15 , 2024 . By KALKIDAN NEGASH

Fuel Supply Halts as Parallel Market, EV Push Leave Regions, Investors in the Lurch

Africa Oil Plc has five of its stations denied fuel supply by the Ethiopian Petroleum Supp...

Agenda | Dec 22 , 2024 . By AKSAH ITALO

Banks Scramble to Reopen After Harer City Shuts Over Forty Branches

The Harer city administration has shut down 43 bank branches, including those of Commercia...

Fortune News | Dec 22 , 2024 . By AKSAH ITALO

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