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Fortune News

Apr 2 , 2022

'Reject' Coffee Scarcity Hurting Business: Roasters Decry

Coffee roasters plead for a solution to the scarcity of "reject" coffee on the Ethiopian Commodity Exchange trading floors (ECX). Legislation makes the ECX the only place where roasters can source cof...

Apr 2 , 2022

Fuel Truck Owners Run Out of Patience, Threaten Strike

Leaders of an association representing fuel truckers say they have run out of patience waiting for the federal government to adjust fuel transportation tariffs, threatening to strike if their demands...

Apr 2 , 2022

Fed to Set Up 700m Br Seed Labs

The setting up of laboratories for seeds inspection is underway on a plot of land in Akaki Qality District, behind St. Gabrial Church. The 23,000sqm land is under the Ministry of Agriculture (MoA), wh...

Apr 2 , 2022

Japanese, Chinese Firms Pair to Build Ethiopia Geothermal Plant

A Japanese and Chinese consortium is contracted to erect a geothermal power plant in Ethiopia after willing a lucrative deal. Comprising the Mitsubishi Corporation and SEPCOIII Electric Power Construc...

Apr 2 , 2022

Corp's Grand Housing Development Plans Draw International Attention

International developers have shown strong interest in constructing 15,000 housing units, three convention centres, and two horse racing venues to be developed in Addis Abeba. The Land Bank & Deve...

Apr 2 , 2022

Zemen Bank Joins E-commerce Bandwagon

Zemen Bank is the latest to join an international e-commerce gateway service partnering with the global payment service provider, Mastercard. The gateway is a merchant service provided through an e-co...

Apr 2 , 2022

Law to Compel Mass Transport Vehicles Install GPS Tracking Devices

A law prescribing satellite tracking devices be installed on vehicles engaged in mass transportation is in the making, designed to manage the enforcement of the federal government's impending petroleu...

Mar 30 , 2022

INFLATION CAUSES PAIN, LITERALLY!

Consumers in Ethiopia wake up each day to find the cost of living edging ever higher. The outcome is muffled consumption on most goods, except those essential and, evidently, items of life and death....

Mar 26 , 2022

Tax Liabilities, Pending Lawsuits Hamper Edna Mall Foreclosure

Claims by tax authorities and pending lawsuits stand between the Chinese company in the process of acquiring Edna Mall and the state-owned commercial bank that foreclosed the property a few months ago...

Mar 26 , 2022

Bill Keen to Overhaul Contract Farming, Expands to Other Grains

A long-awaited legislative piece that formalises contract farming models has reached the final stage before a landmark parliament passage. Federal officials hope to encourage expanding a demand-dri...

Mar 26 , 2022

Comm'n Authorities Contemplate to Enforce Building Code for Telecom Infrastructure

The allocation and use of land to erect telecom infrastructure is to be standardized as the industry is going through a liberalisation process, allowing space for competition. Officials at the Ethiopi...

Mar 26 , 2022

Judicial Authorities Pin Hope on Autonomy from Civil Service to Attract, Retain Staff

Administrators of the federal courts are awaiting legislative approval to unfasten administrative and non-judicial staff from the civil service structure. Judicial officials say the move is necessary...

Mar 26 , 2022

Central Bank Relaxes Freight Payment Rules as Banks Grapple with Forex Crunch

The central bank has issued permission to private commercial banks to settle half of the shipping costs in foreign currency as accumulated freight payment receivables surpassed 150 million dollars. ...

Mar 26 , 2022

Trade Ministry to Mandate Digital Registration, Seeks Help from Internet Cafes

Officials of the Ministry of Trade & Regional Integration (MTRI) plan to fully digitise business registration and licensing services beginning July this year, although the Ministry has provided on...

Mar 26 , 2022

Companies Ink Rental Deals with Wingu.Africa Data Centre

Wingu.Africa, an international data centre developer, has signed lease agreements with five companies in the banking and ICT industries for space at its data centre in the Ethio ICT Park in the outski...

Mar 19 , 2022

INFERTILE GROUNDS!

There does not seem to be a shortage of salts added to the wounds inflicted on Ethiopia's economy, from COVID-19 to civil war. The latest comes directly from the country's breadbasket in the form of e...

Columns

Commentaries | Jul 25,2026

Cost Recovery by Public Institutions Becomes a Hidden Tax

Ideally, citizens who have paid income tax all year should not have to reach for their wal...

Editorial | Jul 25 , 2026

Chasing Excellence in the Summer, Raising Questions Over Who It Leaves Behind

For as long as her daughter had been in school, the summer break belonged to the family. E...

Featured | Jul 25 , 2026 . By BIZUAYEHU ABIY and TIGIST MEKONNEN

Shematera Weavers' Chain Meets the VAT Line

The footsteps, bargaining voices and rustle of cotton cloth that once filled Shematera in...

Agenda | Jul 25 , 2026 . By NAHOM AYELE

Global Bank Board Suspends 18 as Deposit Probe Widens

Global Bank's Board of Directors have overhauled top management, after suspending several...

Fortune News | Jul 25 , 2026 . By BEZAWIT HULUAGER