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Fortune News

Jul 9 , 2022

Ahadu Bank's Founding President Bullish about Prospect Despite Economic Headwind Ahead

Ahadu Bank's founding President, Eshetu Fantaye, is bullish about the Bank's prospects despite cutthroat competition for equity and deposit in times of economic hardship. He wants to see Ahadu's br...

COFFEE: TOUR DE FORCE

In an economy that has slowed, where consumers are hammered by inflation, and the private sector is teetering on edge, one industry has a broad smile: coffee export. The coffee market is bucking the g...

Jul 2 , 2022

Getu Gelete Snaps Up Majority Stake in Habesha Cement

Getu Gelete has struck a deal to acquire a 40pc stake in Habesha Cement S.C., buying out Pretoria Portland Cement Company Ltd (PPC). The business mogul owns a 21pc stake in Habesha Cement; the latest...

Jul 2 , 2022

Capital Gains Tax to Account for Inflation

Lake Ayalew, minister of Revenues, moved to address complaints about inflationary distortions on capital gains taxes. Last month, the Minister instructed five branches in Addis Abeba and six regional...

Jul 2 , 2022

Finance Ministry Tells Federal Agencies to Consolidate Accounts

The federal government is set to roll out a single-account treasury system for the coming budget year, consolidating accounts by federal agencies under one. Federal officials began taking steps tow...

Jul 2 , 2022

Oil Companies, Authority Lock Horns as Drivers Left Hanging by Diesel Shortages

Federal authorities and oil companies are at odds with each other over the cause of a diesel shortage gripping Addis Abeba for the past week. Gas stations across the city have seen long queues for hun...

Jul 2 , 2022

Scrap Metal Auctions End as Manufacturers Claw for Inputs

Steel manufacturers will no longer buy scrap metals through auctions but depend on a federal agency which will supply the industry at predetermined prices. The Public Procurement & Property Dis...

Jul 2 , 2022

City Officials Renew Drive to Breathe Down on Ride-Hailing Companies

The Addis Abeba Transport Bureau steps up its exertions to bring the capital's ride-hailing fleets under oversight three years after a failed attempt by municipal authorities. Dawit Yeshitla, head...

Jul 2 , 2022

Poultry Bill in the Making as Industry Wrestles Mysterious Disease

Officials at the Ministry of Agriculture are working on a bill to regulate the poultry industry as farms struggle with an unidentified disease decimating their flocks. The bill proposes the establishm...

Jun 25 , 2022

Cement Industry Shake Up Leaves Regional States, Agents Unimpressed

Regional state officials and cement distribution agents are in an uproar over new rules under consideration for the distribution and marketing of cement. Legal experts at the Ministry of Trade &...

Jun 25 , 2022

Mayor Adanech Receives Cabinet Approval to Compensate Farmers

Mayor Adanech Abiebie has won the approval of the Addis Abeba City Cabinet to give reparations to hundreds of farmers in the capital's peripheries who have lost land for infrastructure development, ro...

Addis Abeba City Admin Under Extensive Restructuring, Reshuffle

The Addis Abeba City Administration is undergoing an extensive reshuffling leading the number of bureaus and offices down to 45. It is the second administrative restructuring attempted in the capital...

Jun 25 , 2022

Inside Dashen's 230m Br Data Centre

Dashen Bank has rolled out a data centre for nearly a quarter of a billion Birr. Installed by two local firms, the centre is expected to enhance networking and security systems at one of the country's...

Jun 25 , 2022

FAO Gets Nod to Supply Fertiliser to Farmers in Tigray

Months of effort from Chimimba David Phiri, Ethiopia's representative of the Food & Agriculture Organisation (FAO), to facilitate the procurement of chemical fertilisers for farmers in the Tigray...

Jun 25 , 2022

NEW ERA FOR PUBLIC ENTERPRISE

The squad at the helm of public and regulatory economic institutions attended a conference inside the meeting hall of the Commercial Bank of Ethiopia's (CBE) new headquarters last week. It included, r...

Jun 25 , 2022

Minibus Taxis Face Hurdles Registering for Fuel Subsidies

Over 1,000 minibus taxi owners operating in Addis Abeba with "Code-3" license plates are caught in a dilemma in their attempt to qualify for federal fuel subsidies. Federal transport officials plan...

Columns

Commentaries | Jun 06,2026

The Elections Offered Order at the Centre, Silence at the Edges

For a political veteran as controversial as Getachew Reda, last week's national elections...

Editorial | Jun 6 , 2026

Addis Abeba Pours a New Story in Every Cup, Where Tradition Meets Global Influence

Customers settle into a carefully curated space of dark wood, black accents, muted green f...

Featured | May 31 , 2026 . By HELINA HADGU

THE GOLD RUSH RUNS OUT OF FUEL

Zenebe Girja used to sit close to the centre of the formal gold trade, where sacks of raw...

Agenda | Jun 7 , 2026 . By MASTEWAL ZEMENE

National Census Delay Opens a New Fight Over Who Controls the Facts

The long-delayed census has returned to Parliament not as a counting exercise, but as a fi...

Fortune News | Jun 7 , 2026 . By NAHOM AYELE

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