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Fortune News

Feb 26 , 2022

Tax Burden Pushes Liquor Bottlers Over the Edge

Liquor bottlers continue to face declining sales and dwindling volume due to a high excise tax rate, a survey submitted to the Ministry of Finance revealed. Experts at the Ethiopian Food, Beverages...

Feb 26 , 2022

National Cement Hopes Invasive Plant Delivers Factory from Expensive Coal

Executives of National Cement are moving forward with a plan to use an invasive species of weed to partially replace coal at its plant in Dire Dawa, 515Km east of Addis Abeba, Native to the America...

Feb 26 , 2022

Fed Doubles Down on Domestic Debt Financing, External Lending Remains Languid

The federal government continues to rely heavily on domestic sources to finance a growing budget deficit, under pressure from decreasing disbursement in external loans. Over the first half of the year...

Feb 26 , 2022

Capital Threshold Pushes Banks Under-Formation to Mull Over Investment Options

Several initiatives to form commercial banks are on the verge of giving up their ambition to enter the industry, while others are weighing options elsewhere in the financial sector. Dreams of formi...

Feb 26 , 2022

Federal Gov't Keen on Expanding Biogas Plants to Rural Households

Authorities are keen on scaling up a nationwide biogas programme to provide reliable energy sources to tens of thousands of rural households across 10 regional states. The Netherlands Development O...

Feb 26 , 2022

Lion Bank Picks Daniel Tekeste to Spearhead Road to Recovery

Lion International Bank (LIB) has appointed Daniel Tekeste, 43, as its president, following approval from regulators at the National Bank of Ethiopia (NBE) last week. Taking the helm as the Bank's fif...

Feb 19 , 2022

INFLATION DEFLATES CONSTRUCTION

From Abrehot Library to the recently inaugurated multi-storey headquarters of Nib International Bank, Hibret Bank and the Commercial Bank of Ethiopia (CBE), it may seem that the construction industry...

Feb 19 , 2022

Banks Onboard to Expand Dallying National ID Program

The federal government has partnered with over half a dozen financial institutions to pilot a National Identification Card (ID) Programme initiated more than a decade ago. The idea of a national ID...

Feb 19 , 2022

Overseas Cotton Suppliers Reluctant to Sell to Ethiopia as Domestic Production Plummets

Foreign suppliers may have been uninterested in supplying the Ethiopian cotton market, but this did little to dissuade a federal agency from pushing further. The Ethiopian Industrial Inputs Developmen...

Feb 19 , 2022

Ministry to Integrate Traffic, Transport Management Systems Spending $107m

The Ministry of Transport & Logistics looks to consolidate the scattered driver licensing and vehicle registration procedures, combating fraud in licensing; a study discovered covers a third of al...

Feb 19 , 2022

Federal Health Officials Venture into 1b Br Vaccine Inspection Centre

A vaccine laboratory and inspection facility projected to cost one billion Birr is in the making in Akaki-Qaliti District. The facility will be constructed on a plot behind the Qaliti Drivers & Me...

Feb 19 , 2022

Awash Bank Execs Eye 'Super-Agents' to Catch Up with Peers in Digital Banking

Awash Bank looks to catch up to its peers in the digital banking arena through its new mobile wallet, Awash Birr, and adopting a "super-agent model" to expand its electronic reach. Awash, which sta...

Feb 19 , 2022

Customs Authorities Suspend Half Clearing Agent Permits

Nearly half of customs clearing agents operating in the country have their permits suspended by the Ethiopian Customs Commission (ECC), enforcing compliance with a directive it issued two years ago. ...

Feb 19 , 2022

Bill Proposes Transport Associations Register as Commercial Entities

Transport associations engaged in commercial services will be registered as businesses should a bill tabled to Parliament last week pass. A bill drafted by the Ministry of Transport & Logistics (M...

Feb 12 , 2022

GOT FUEL? WHAT EXPLAINS LONG QUEUES?

It is that time of the year again. Fuel stations in Addis Abeba see a queue of cars hundreds of metres long, lining up for a refill. The only stations spared would be those that have exhausted their s...

Ethiopia’s Sovereign Fund Gets Mamo Mihretu as Founding CEO

Ethiopia's sovereign fund got its top executive after the Prime Minister appointed Mamo Mihretu, his policy advisor and a chief trade negotiator, to the position. Mamo has been appointed as the fou...

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