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Fortune News

Jul 7 , 2024

Ethiopian Eyes Lucrative Nonstop Routes as Airbus Report Unveils Untapped Potential

Ethiopian Airlines can eye an opportunity to grow and expand by introducing nonstop flights on unserved or underserved routes, a recent study from Airbus revealed. The study identified 11 routes that...

Jul 7 , 2024

Environmental Authority Tightens Regulations on Consultancy Competence

Consulting firms are required to obtain competency certificates for conducting environmental assessments of social and economic impacts. Foreign consulting firms are mandated to form alliances with lo...

Jul 7 , 2024

Ambitious Federal Budget Exhibits Urban Glitz Over Rural Grit

The federal government's budget for the fiscal year 2024/25, unanimously ratified by Parliament following a month-long series of hearings, unveiled a mix of ambition and caution. With substantial i...

Jun 29 , 2024

GLITS, GAINS, AND PAINS!

Addis Abeba's boulevard - Africa Avenue (Bole Road) and surrounding districts - are undergoing a facelift frenzy, driven by ambitious urban renewal projects targeting the capital's transformation into...

Tigray State Makes Desperate Plea

The situation in the Tigray Regional State remains dire, with profound economic crises exacerbating the humanitarian needs stemming from the two-year civil war. As the federal government prepares to a...

Jun 29 , 2024

How a Family Salvages Habesha Cement, Kindles Promise for Shareholders

In a stunning comeback, Habesha Cement S.C. has defied a decade-long struggle to post its first profitable year in 15 years, marking a monumental shift in the industrial landscape. Spearheaded by busi...

Jun 29 , 2024

Higher Education Under Budget Squeeze, Infrastructure Woes During Reform Push

The federal budget bill, edging towards a monumental trillion Birr, has sparked heated contention as it progresses through legislative channels at the Parliament. In a two-day hearing convened by the...

Jun 29 , 2024

Fuel Supply Clogs Leaves Gas Pumps Dry in Addis

In what is becoming a frequent feature of Addis Abeba's gas stations, long queues were ubiquitous last week due to increased supply towards regional states and a slowdown of imports from Djibouti. Ben...

Jun 29 , 2024

Taxing Pains Afflict Local Pharma Industry

Domestic pharmaceutical manufacturers are scrambling for exemptions from property taxes as factories in the capital are threatened with having their water supply cut off for failing to make payments....

Jun 22 , 2024

REFORM RATTLES PRIVATE SCHOOLS, PARENTS

Many parents were jolted by the city education authorities' decision to bar private schools from registering students for the next academic year. Among the affected schools is Gibson School Systems, a...

Jun 22 , 2024

AG Meseret's Scathing Report Exposes Budget Chaos

Parliamentary tensions peaked last week following the Federal Auditor General's report that unearthed unprecedented financial mismanagement across various federal agencies. As legislators geared up to...

Ambitious Capital Upsurge Seeks to Redefine Monetary Policy, Price Stability

A bill before Parliament proposes a dramatic increase in the Central Bank's capital to 20 billion Br, nearly 40 times its existing amount. If passed, the bill mandates that the federal government ensu...

Jun 22 , 2024

Maritime Authority Sets Sail for Logistics Policy Changes

Ethiopian Maritime Authority is launching a major overhaul of the logistics sector in a bid to streamline operations and attract foreign investment. A recent study conducted by a UK consulting firm ex...

Jun 22 , 2024

Djibouti Disputes World Bank Port Ranking, Cites External Factors

Djibouti officials have raised objections over what they describe as "inconsistencies" in the evaluation metrics used in the World Bank's recent port ranking. Out of 405 ports, Djibouti's ports droppe...

Jun 22 , 2024

Green Legacy Primed for Billions in Funding

A new bill proposing the establishment of a special fund, potentially worth billions of Birr, was presented to the Ethiopian parliament last week. The bill, co-authored by the Ministry of Finance and...

Jun 15 , 2024

BUDGETARY TIGHTROPE STROLL!

The federal government unveiled a 971.6 billion Br budget bill for the upcoming fiscal year, while the economy is under dual pressures to ensure stability and achieve growth. Finance Minister Ahmed Sh...

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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