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Apr 22 , 2023 . By BERSABEH GEBRE

Addis Bank Leaps Forward in Assets and Deposits, Yet Grapples with Profitability and Digital Adoptation

Addis International Bank (AdIB) has demonstrated considerable growth in assets, high-interest margins, and deposit growth during its operation in the fiscal year 2021/22. However, it lagged behind its competitors in profitability ratios, loan diversification, and digital transformation. To mainta...

Mar 4 , 2023 . By MUNIR SHEMSU

Inflation, Tax Woes Plague Breweries, Price Hike Brewing

Local breweries have increased wholesale beer prices for the third time in three years as galloping inflation and a global economy in recession take their toll. The price of a crate has shown a 10pc rise as distributors received their latest delivery with an 85 Br increase from 690 Br. Many local bars in the capital are holding off retail price increments until they ran out of inventory. The price of beer has risen globally due to several factors, including higher costs of fertilisers and chemicals, the impact of the Covid-19 pandemic, and recent wars. In December, Heineken's CEO, Dol...


Apr 9 , 2022 . By HAWI DADHI

Flower Exporters Grumble Over Changing Rules, Revised Floor Prices

Ethiopia's central bank has set a threshold price for the exports of fresh-cut flowers to the dismay of the companies and their managers, who warn that higher floor prices could imperil competitiveness in the global market. These companies have already been up in arms about the central bank's revision of forex retention rules earlier this year. The National Bank of Ethiopia (NBE) issued a new directive effective on April 1, 2022, which imposes a price regime for highland roses to bring no less than 4.2 dollars a kilogramme, around 0.6 dollars higher than the previous prices set two years ag...


Jan 1 , 2022 . By HAWI DADHI

Ethiopia's Dilemma in Europe Trade Deal

Efforts to enrol in an Economic Partnership Agreement (EPA), a multilateral trade link with the European Union (EU) negotiated with African, Caribbean and Pacific countries, await government decisions. But trade negotiators and the private sector remain concerned about opening up Ethiopia's market to Europe too soon. Led by Mamo Mehiretu, chief trade negotiator and policy advisor to the Prime Minister, Ethiopia will have to offer tariff reductions applicable over a defined period as part of an agreement. The agreement entails a reciprocal but asymmetrical tariff reduction where the EU pr...

News analysis

May 6 , 2023

Abay Insurance Flourishes Amidst Currency Woes, Rising Costs

Abay Insurance's upswing in profit and impressive earnings per share (EPS) growth last year was marked by foreign currency shortages, rising costs and violent conflicts affecting the industry. The com...

Fed Seals Costly Fertiliser Deal, Demand Remains Unmet

An Abu Dhabi-based firm has agreed to supply half a million tonnes of urea to Ethiopia following months of negotiations between federal authorities and executives of FertiGlobe. It was a delicate p...

Supplementary Budget Raises Worries Over Deficit Financing

Members of parliament have voted in favour of a record-high supplementary budget bill Prime Minister Abiy Ahmed's (PhD) administration motioned last month. The bill met objections from nine of the 30...

Jan 15 , 2022

Central Bank 'Only Option' Leaves Exporters Fuming

As the central bank slashes foreign currency retention rates by half to 20pc, exporters are decrying the move as detrimental to their businesses and warn a fall in foreign exchange revenues is inevita...

Dec 11 , 2021

Fuel Subsidy Scale Back Drives Record-High Prices at Pumping Stations

Federal authorities increased prices on various fuel products last week, making a record-high jump never seen before in pumping stations. As the news made its rounds that benzene and diesel would s...

Dec 4 , 2021

No Law Undermines Farmland Certification Benefits, Access to Finance

A registration for over 72,000 parcels of farmland in the Southern Regional State was completed recently, paving the way for the second-level land certification programme that first appeared in the re...

Nov 20 , 2021

Mobile Money or Card Payment? The Jury's Still Out

Nassir Alemayehu runs a retail shop in Merkato. He was one of the first clients to enrol three months ago as a merchant on Telebirr. A mobile payment platform launched earlier this year by the state-o...

Oct 30 , 2021

EthSwitch Launches Overdue Bank Transfer Feature, Users Grapple with Flaws

A national switch operator has launched a long-overdue connectivity between banks that allows for the instant transfer of funds. A microfinance institution and nine banks have already been integrated...

Sep 26 , 2021

Fintech Firms, Banks Buckle Up to Fight Growing Parallel Forex Market

The increase in the informal flow of foreign currency could be unyielding. However, banks and fintech firms rush to avail digital remittance platforms, positioning themselves to boost inflow by signif...

Sep 10 , 2021

Despite Consumers Anxiety, Holiday Markets Remain Buoyant

In the morning around 11am of Wednesday last week, half a dozen customers, mostly women, are lined up in the butter section of Shola Market. Shola is one of the largest trade hubs in Addis Abeba, host...

Aug 28 , 2021

In War Time, State Manoeuvres to Command the Market

Two days after sanctioning traders from making price changes, hoping to ward off inflationary pressure, the Addis Abeba City Administration officials have banned landlords in the capital from increasi...

Aug 21 , 2021

Inadequate Risk Management Continues to Claim Lives

Today, August 22, was supposed to be a day of celebration for a group of students under the Mekane Eyesus Seminary School, located just off Guinea Bissau Street in the Mekanisa neighbourhood of Nifas...

Aug 7 , 2021

How Much Monthly Income Provides Decent Living?

The weather was chilly, but this did little to dampen the vibrant Sunday evening at restaurants in the Bole neighbourhood. On a cold night a few weeks ago, Mikyas Tsegaye was warm and well-fed at Food...

Jul 3 , 2021

In Banking, Technology Paces Ahead of Policy, Laws

Commercial banks are caught in a dilemma as they cannot issue payment cards customers with forex accounts can use to make international retail payments due to the absence of laws governing the transac...

Jun 19 , 2021

Anxiety, Pallidness Consume Voters Ahead of Polls

In the runup to the sixth national elections, the voting date has seen its fair share of controversies. From the year-long debacle in multiple postponements to the incapability to conduct polls in all...

Jan 5 , 2020

RULE OF LAW: WHERE A STATE CAN NEVER FAIL (LESSON X)

A developing country like Ethiopia inevitably has many challenges. But nothing poses the greatest risk like the breakdown of order and the rule of law. And not by the law. The monopoly on legitimate v...


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A Million Dollar Question for a Likely Trillion Birr Budget


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A Million Dollar Question for a Likely Trillion Birr Budget

At the hub of Ethiopia's fiscal planning on King George VI Street, the country's budget fo...

Editorial | Jun 3 , 2023

Persistent Price Increase Strangles Holiday Consumers

Abdulkarim Murad, 23, vehemently bargains the price of sandals with the vibrant vendor tha...

Featured | Apr 22 , 2023 . By BEMNET TAFESSE

Social Media Restrictions Spur Unlikely Success in Digital Marketing

It has been four devastating months since the federal government's intelligence system blo...

Agenda | Jun 3 , 2023 . By MUNIR SHEMSU

High-Stakes Land Auctions Resurge in Addis Ababa after a Half-Decade Hiatus

Addis Abeba's City Administration resumed land auctions after a five-year lull. The auctio...

Fortune News | Jun 3 , 2023 . By BERSABEH GEBRE