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Fortune News

May 3 , 2025

OROMIA BANK LAUNCHES 'MILKII' APP TO JOIN DIGITAL FUEL RACE

Oromia International Bank introduced a new digital fuel-payment app, "Milkii," allowing customers to buy fuel on credit, at a launch on Saturday, May 3, 2025, at Libya Oil Ethiopia's gas station near...

May 4 , 2025

Regulators Turn Up the Heat on Banks to Brace Capital Ratio Shake-Up

Commercial banks face stringent new capital adequacy rules, with regulators saying they are designed to compel them to meet international standards and strengthen their ability to withstand financial...

May 4 , 2025

PENSIONERS BUCKLE UNDER PRESSURE

Pensioners face harsh economic realities, their retirement payments swiftly eroded by inflation and spiralling living costs. They struggle daily despite a recent pension rise, barely covering transpor...

May 7 , 2025

Postal Giants New Venture Pressures Street-Level Drafters to Fold

Ethiopost, the state-owned postal service provider, plans to launch document drafting services in partnership with the federal Documents Authentication & Registration Service (DARS), alarming smal...

May 4 , 2025

Heineken Steps Up Investment as a Barley Price Puts the Beer Giant on Edge

Heineken Ethiopia is investing 26 million euros in its Qilinto brewery, a move that will accelerate the Dutch company's rise to dominate Africa's second most populous country and consolidate its regio...

May 4 , 2025

Ad Firms Caught in Crossfire as City Bureaus Battle Over Billboard Fees

A bureaucratic spat between two bureaus under the Addis Abeba City Administration is causing frustration and financial strain for the capital's advertising industry. The Construction Permit & Cont...

May 4 , 2025

Amhara State Land Reform Unlocks Capital, But Stirs Fears of Rural Dispossession

A far-reaching land reform bill in Amhara Regional State has entered the record books. The new law rewrites two decades of rural land rules and loosens some of the tightest restrictions on smallholder...

Apr 28 , 2025

Bound by Duty, Lawyers Fight for Fair Pay in Free Legal Aid Battle

The Ministry of Justice has taken a decisive step toward enforcing a four-year-old mandate that requires private lawyers to provide free help to the destitute. A draft directive, now posted for public...

Apr 26 , 2025

CREDIT AND DEVICES FOR THE MASSES

Neway Magersa (Left), president of Sinqee Bank, shared a lighter moment at the Skylight Hotel on Africa Avenue and chuckled with Oromia Regional State senior official Addisu Arega and Ethio telecom's...

Jun 13 , 2025

Addis Abeba Officials Backtrack After Uproar Jolts Property Owners

A controversial decision to clear a large tract of land in Addis Abeba's Wereda 1, around Flamingo and the Olympia roundabout, potentially affecting 31 properties, has been abruptly reversed, bringing...

Apr 27 , 2025

BGI Ethiopia Wins Legal Battle as Ownership Claim Falls to Time

A federal court delivered a sharp rebuke last week to a long-running fight over shares in one of Ethiopia's largest brewers, dismissing an ownership claim by a former shareholder as time-barred and or...

Apr 27 , 2025

Cash Starved Domestic Drugmakers Turn to EIC for a Lifeline

Cash-strapped drugmakers, squeezed by strict banking rules and rising fees, are pinning their hopes on the state-owned Ethiopian Insurance Corporation (EIC) as a means to new sources of working capita...

Apr 27 , 2025

Ethio Telecom to Court Big Investors After Retail Share Sale Falls Short of Ambition

Frehiwot Tamiru, CEO of Ethio telecom, is returning to the capital market after her debut share sale raised only a tenth of the proceeds she wanted. This time, the state-owned telecom company is remov...

Apr 27 , 2025

Digital Shift in Veterinary Drug Registration Struggles Against Glitches, Gridlock

The veterinary drug registration process moved fully online after the Ethiopian Agricultural Authority (EAA) rolled out a new directive in January 2025, requiring all applications, whether for importe...

Apr 19 , 2025

LEGACY Businesses in a Liminal Space

At first light in Addis Abeba's Qality District, the smell of freshly roasted Yirgacheffe beans drifts into the yeasty haze from Shoa Bakery's ovens, a blend that sums up Ethiopia's family firms. Such...

Apr 19 , 2025

Banks Warn as Crackdown on Loans Triggers Fears of Toxic Debt Surge

Commercial banks are scrambling to meet a tougher loan classification regime rolled out by the National Bank of Ethiopia (NBE) in mid-June, warning that the rules could turn thousands of shaky credits...

Columns

Commentaries | Sep 13,2025

In Climate Talks, Africa Mortgages Tomorrow Simply to Survive Today

At its launch in Nairobi two years ago, the Africa Climate Summit was billed as the forum...

Editorial | Sep 13 , 2025

Digital Payments Reshape Economy While Service Workers Lose Out

The way the Birr moves is changing, and with it, habits that have shaped daily life for ge...

Featured | Sep 14 , 2025 . By NAHOM AYELE

Student Tax ID Push Triggers Logjam

The yellow flush of Aday Abeba flowers has returned to Addis Abeba, heralding the arrival...

Agenda | Sep 13 , 2025 . By NAHOM AYELE and YITBAREK GETACHEW

Monument to National Ambition, Geopolitical Agency

The Grand Ethiopian Renaissance Dam (GERD), Africa's largest hydroelectric power project,...

Fortune News | Sep 15 , 2025 . By AMANUEL BEKELE