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Fortune News

Apr 19 , 2025

Auditors Under Fire as City Officials Hunts Billions in Lost Taxes

Tax authorities in Addis Abeba have blamed more than 800 auditors and accountants for allegedly understating the tax liabilities of businesses, piling new pressure on a profession already rattled by a...

Apr 23 , 2025

Deposit Insurance Fund Faces Its First Test

The Ethiopian Deposit Insurance Fund (EIF), a federal agency responsible for protecting depositors, has discovered that confidence is costly and that its ambitions outstrip its bank balance. Over t...

Apr 19 , 2025

Universities Flunk Their Own Test as Confidence Wanes

Universities face a tough reality after a national exit examination in January this year produced a pass rate of only 27pc out of 177,552 students, a quarterly performance report from the Education Mi...

Apr 13 , 2025

MERCATO TAXED TO SILENCE

Some parts of Merkato have fallen uncharacteristically silent, contrary to its typical bustle of traders, shoppers, and hawkers vying for business across its sprawling two-square-kilometre expanse. Fo...

Apr 13 , 2025

A Tax Shock Jolts Edible Oil Industry as Retroactive Levies Stir Confusion

A resurgence of a long-dormant tax rule has unleashed a storm of uncertainty on the edible oil industry, following the Ministry of Revenue's sudden demand for retroactive value-added tax (VAT) on soyb...

Apr 13 , 2025

Property Owners on Bole Road Face Uncertainty Amid Oromia Gov't Office Expansion

A redevelopment initiative along Africa Avenue (Bole Road) has set off alarm bells for property owners whose holdings fall within the area earmarked for an expansion project by the Oromia Regional Gov...

Apr 21 , 2025

Labour Ministry Ambitions Stumble as Overseas Jobs Cause Costly Traps

Parliamentary scrutiny was chewy last week as Minister of Labour & Skills, Muferihat Kamil, faced pointed questions over her Ministry's performance, revealing a troubling juxtaposition between sta...

Apr 13 , 2025

Signature Fraud Claims, Alleged Political Pressure Reignite Battle for BGI Ethiopia Stake

Zewdinesh G. Asrat has intensified her legal battle against BGI Ethiopia Plc, asserting that she was unlawfully stripped of a 27pc stake in the company through "fraudulent documents and political coer...

Apr 13 , 2025

Ministry Struggles to Fuel Industry as Coal Stalls, Gold Surges in Uneven Resource Push

Ethiopia's ambitious efforts to ramp up domestic coal production are falling short, with output reaching only 41pc of the targeted 1.64 million tonnes in the past eight months, creating a deficit of o...

Apr 13 , 2025

Addis Abeba Orders Taxi Terminal Shake-Up

The Addis Abeba's City Administration has introduced a rule obliging terminal enterprises, which have helped manage taxi loading zones for more than two years, to move on to different lines of busines...

Apr 6 , 2025

Ministry Moves to Forge Trade Policy as WTO Push Sparks Hopes, Fears

Federal officials and private sector leaders are finalising the first consolidated trade policy, trying to spur resource mobilisation and unified implementation. According to Trade & Regional I...

Apr 6 , 2025

CBE Rebounds Sharply as Profit Drive Raises Public Mandate Questions

The state-owned Commercial Bank of Ethiopia (CBE) has engineered an impressive recovery that executives credit to new strategies and policy shifts. The Bank reported collecting 367.40 billion Br in fr...

Apr 6 , 2025

Insurers Struggle to Stay Afloat as Capital Rules Bite, Talent Runs Dry

The insurance industry is bracing for major changes as the National Bank of Ethiopia (NBE) moves forward with a new directive compelling firms to adopt a risk-based capital framework. The new requi...

Apr 6 , 2025

Wheat Shortage Strains Market as Soaring Prices Hit Millers

Wheat has become a sensitive commodity, where rising prices and tight supplies threaten the once-thriving flour industry. Businesses that mill wheat and produce biscuits, noodles, and animal feed are...

Apr 6 , 2025

Grading Mandate Roils Addis Abeba Schools

Despite their ownership status, schools in Addis Abeba will have to undergo a standardised continuous assessment system, a policy that has been in effect at public schools for some time now. Offici...

Apr 6 , 2025

SEWAGE SOARS WHILE PLANNING SINKS

Under gloomy skies in Addis Abeba's rapidly expanding Lemi Kura District, residents gathered anxiously in a Noah Real Estate compound parking lot, in the Bole Beshale neighbourhood. Facing sudden dema...

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