FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers New TRADE AFRICA New

Fortune Logo


May 21 , 2025

Bill Granting Foreign Nationals Property Ownership Draws Criticism from Opposition MPs

A draft law proposing to allow foreign nationals to lease land and own residential property faced intense debate in Parliament yesterday, May 20, 2025. The legislative bill, tabled by the Council of Ministers two weeks ago, was sharply criticized by opposition MPs and has now been referred to the St...

May 21 , 2025

Central Bank Eases Forex Rules for Importers, Travellers

The National Bank of Ethiopia (NBE) announced major changes impacting foreign exchange market, including substantially higher limits for importer advance payments and foreign currency cash for travelers. According to a statement the Central Bank issued yesterday, these changes target improving market functionality, providing greater flexibility. The limit on upfront forex payments to overseas suppliers has been increased tenfold, from 5,000 dollars to 50,000 dollars for every transaction, addressing what the Central Bank called a “long-standing constraint” on importers. Ethiopians...


May 9 , 2025

BGI-Ethiopia Appoints a New CEO

BGI-Ethiopia Plc, a bottler of St. George beer, the oldest brand in the country, has appointed a new CEO, effective May 1, 2025. Pierre-Emmanuel Medard succeeded Herve Milhade, who announced his retirement from the Castel Group, the parent company. With over 25 years of industry experience, Medard most recently served as CEO of Castel's operations in the DR Congo. He has also held senior leadership roles in Ivory Coast, and was CEO of Castel's subsidiaries in Gambia and Senegal. Medard expressed his enthusiasm about joining BGI-Ethiopia, stating. “I'm honoured to join at such an exc...


May 8 , 2025

Ethio telecom Launches a Digital Marketplace

Ethio telecom introduced a digital marketplace dubbed Zemen Gebeya, integrated within the telebirr SuperApp. The platform connects micro, small, and medium enterprises (MSMEs) with users across Ethiopia. The launch was held today, May 8, 2025, place at the Ethiopian Science Museum on Menelik II Avenue. Zemen Gebeya offers features such as merchant and consumer mobile applications, logistics management systems, and a dispatcher interface. It provides tools for inventory management, digital payments, and marketing, enabling businesses to expand their reach and operational efficiency. Th...

News Alert

Apr 30 , 2025

Heineken Bets on Communities to Brew Growth

Heineken Ethiopia Plc, the largest brewery, is spending 33 million Br on a new community development program for residents in Addis Abeba and Sheger City, in what its executives say is an extension of...

Apr 2 , 2025

National Takes Over Unilever Ethiopia

Unilever Ethiopia has appointed an Ethiopian national to run its business, the third multinational company in recent months to do so, after Coca-Cola Beverages Africa and Pepsi International elevated...

Apr 1 , 2025

Birr Gains Ground at Forex Auction, For a Change

The Birr traded at 131.71 against the Dollar at a central bank auction held today, marking a slight 2.96pc uptick. The National Bank of Ethiopia (NBE) offered 50 million dollars in what is now its...

Mar 13 , 2025

Tigray Region’s Economy Lies in Ruins as Post-War Recovery Falters

Two years after the devastating civil war ended, Tigray Regional State is struggling to rebuild. Its economy is battered, and prospects are grim, warned Getachew Reda, chief administrator of Tigray's...

Feb 26 , 2025

Ethio Telecom Bids to Dominate Ethiopia's Digital Future

An array of services from digital livestock tracking, push-to-talk/video communications to cloud-based banking, an education management system (EMS), and enterprise resource Planning (ERP) are availab...

Feb 25 , 2025

Central Bank’s Auction Sends Dollar Soaring to 135 Br

A dollar value against the Birr exceeds 135 during an auction the Central Bank held today, offering 60 million dollars. Close to 27 banks have made their bid where the weighted average was 135.61 Br f...

Feb 24 , 2025

Central Bank Puts $60m on the Auction Block

The National Bank of Ethiopia (NBE) is set to hold a foreign exchange auction tomorrow, February 25, 2025, offering 60 million dollars to commercial banks. Monetary authorities say they want to ma...

Feb 21 , 2025

Ethiopia’s Bets on $55m Plant for E-passports

A 55-million-dollar industrial security printing plant at Bole Lemi Industrial Park has expedited printing of e-passports under a joint venture arrangement, Toppan Security Ethiopia S.C. With the capa...


Most read

Columns

Commentaries | May 17,2025

Demographic Dividend Drains Away When Youth Policy Drifts

Life Matters | May 17,2025

Gambling on Survival

My Opinion | May 17,2025

A Typo Takes Five Days, a National ID to Fix

Sunday with Eden | May 17,2025

Drowning in Someone's Storm

Agenda | May 17,2025

Milk Prices Soar as Dairy Chain Buckles Under Strain

Editorial | May 17,2025

Researchers Churn Out Studies by the Ton. Quality Checks are Causality


         ADVERTISEMENT

Read More

Researchers Churn Out Studies by the Ton. Quality Checks are Causality

Ethiopia pours more than three billion Birr a year into academic research, yet too much of...

Editorial | May 17 , 2025

Curtain Falls on a Capital Stage as Theatre Fights for Its Life

The balcony at the National Theatre, on Churchill Avenue, used to fill up days in advance...

Featured | May 4 , 2025 . By NAHOM AYELE

Milk Prices Soar as Dairy Chain Buckles Under Strain

Azeb Asamen sat in the modest living room of her small home near Haile Garment Square, in...

Agenda | May 17 , 2025 . By YITBAREK GETACHEW

MILK SUPPLY DISRUPTIONS DRIVE PRICE SURGE

The soaring price of milk is becoming increasingly unaffordable, uncovering a deepening cr...

Fortune News | May 17 , 2025