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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...

Apr 9 , 2022

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 competitivenes...

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...

Jan 1 , 2022

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...

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...


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Central Bank Misses the Mark on Forex Market Speculation

The National Bank of Ethiopia (NBE) issued a statement two weeks ago that appeared to be a...

Editorial | Nov 1 , 2025

They Melt Batteries to Make a Living, Inhale Poison Without Knowing

On a sun-dappled stretch of Swaziland St., near St. Paul Hospital, north of Addis Abeba, w...

Featured | Nov 2 , 2025 . By REDIET YARED

Central Bank Lifts Lending Limits on Sharia-compliant Banks

The National Bank of Ethiopia (NBE) has reversed a policy that had weighed on the four ful...

Agenda | Nov 2 , 2025 . By NAHOM AYELE

SHARIA-COMPLIANT BANKS WIN REPRIEVE, AWAIT REFORM

The National Bank of Ethiopia (NBE) has scrapped the credit-growth ceiling that had stifle...

Fortune News | Nov 2 , 2025