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TOMATOES TASTE OF INFLATION


Tomato prices in Addis Abeba have surged to unprecedented levels, with retail stands charging between 85 Br and 140 Br a kilo, nearly triple last year's rates. Premium varieties such as Gelila fetch 90 Br a kilo, driven upward by escalating input cos...

Oct 12 , 2025


Fortune News

Ministry Shifts Gears as Number Plate Change Fuels Debate

A sweeping change in the vehicle licensing system has tilted the scales in favour of electric vehicle (EV) owners and public transport operators, while levying heavier costs on drivers of fuel-powered...

Oct 12 , 2025

Money Market Watch

Birr Drift Exposes Cracks in Managed Market

The Brewed Buck slipped again last week, exposing the quiet tension between official oversight and the underlying market forces that have shaped the foreign exchange scene for months. Between Octob...

Oct 12 , 2025

News Analysis

In Digital Hustle, Fragile Trust Cashless Future on a Tipping Point

Desalegn Banksira sits behind the counter of Tsione Bar & Restaurant, near the Lancha area, thumbing through slips of paper that pass for proof of payment. More and more of his customers prefer to...

Aug 30 , 2025


Latest Updates

Lawyers Threaten Legal Action Over Controversial VAT Registration

A simmering dispute between the legal profession and the federal government is nearing a breaking po...

Oct 12 , 2025


Storm in the Valley Leaves Flower Exporters Face a Multimillion-Dollar Blow

A violent storm that ripped through the flower belt of Bishoftu (Debreziet), 45Km east of the capita...

Oct 12 , 2025


Etihad, Ethiopian Forge HighFlying Pact in a Battle for the Skies

An evolving joint venture between Etihad Airways and Ethiopian Airlines is shaping up to be a force...

Oct 12 , 2025









Agenda

Tomato Squeeze Guts Kitchens

The sun rose unsteadily over Addis Abeba last week, its pale light muted by dust and exhaust, flickering off tomato crates stacked on narrow streets in the Haile Garment neighbourhood. For 32-year-old Semira Adem, the amber flash of ripening skins...

Oct 12 , 2025


Tomato Squeeze Guts Kitchens

The sun rose unsteadily over Addis Abeba last week, its pale light muted by dust and exhaust, flickering off tomato crates stacked on narrow streets in the Hail...

Oct 12 , 2025


Textbook Shortages Mount as School Year Advances

The school year in Addis Abeba began almost a month ago, yet across the capital, thousands of students still turn up to class without a single textbook. A four...

Oct 13 , 2025







Editorial

The Human Flight a Failure of Political Imagination, Not a Mere Economic Policy

Ladislas Farago, a roving Associated Press (AP) correspondent, arrived in Ethiopia in 1935 expecting the war between Ethiopia and Italy, provoked by skirmishes at Wal Wal, would have started earlier than his arrival. What he found, he later wrote in...

Oct 11 , 2025


Central Bank Loosens Credit Reins But Stops Short of Bold Overhaul

Eyob Tekalegn (PhD) had been in the Governor's chair for only weeks when, on September 29, 2025, the Monetary Policy Committee chairs loosened the banking industry's credit-growth ceiling. From the new fiscal year, banks may expand loans by up to 24pc, six per...

Oct 4 , 2025

Exam Policy Fails the Test of Justice, Deepening Inequality, Disillusion

Four years into an experiment with “shock therapy” in education, the national mood has shifted from hope to a more sobering reckoning. The administration's radical new approach to secondary-school exams, conceived as a cure for systemic rot, has laid bare...

Sep 27 , 2025







Exclusive Interview

CBE Wrestles with Past as Reforms Test the Future of State Banking

Abe's conversation with Tamrat G. Giorgis, our managing editor, was as much about the future as it was about recovery. His vision, rooted in digital transformation, disciplined risk management, and a rejection of short-term fixes like high-cost fixed deposits, was counterbalanced by a candid acknowl...

Sep 6 , 2025


Zemedeneh Negatu (CEO, CBE Capital S.C.)

Fortune: If you were trapped in a desert, what are the two things you would take? Zemedeneh: Drinking water and an iPhone with GPS. Q: What was your first job and first paycheck? My first job, where I actually earned a paycheck, was as a teenager work...

Sep 7 , 2025

Wolde Bulto (President, Gadaa Bank)

Fortune: If you were likely to be trapped in the desert, what two things would you bring with you? Wolde Bulto: Two things would matter most. First, water, not just having it, but finding a way to make it last. Second, shelter, because the weather can be br...

Sep 7 , 2025







Viewpoint

Ethio telecom Gains Face Test as Market Dominance Shadows Reform

The World Bank's latest assessment of Ethiopia's telecom sector is cautiously optimistic. It rightly praises falling tariffs, rising mobile penetration, and the explosive adoption of digital finance. But while these indicators hint at reform momentum, they obscure a deeper reality. Ethiopia's telecom liberalisation risks stalling unless reform extends beyond revenue metrics into the more difficul...

Oct 12 , 2025


Green Shipping Could Mean a Green Africa

In early September, African leaders convened in Addis Abeba for the Second Africa Climate Summit, which focused on overcoming the obstacles to climate-resilient development on the continent. In their efforts to devise solutions, drive innovation, and attract f...

Oct 11 , 2025

A Stronger Africa-Caribbean Future Begins with Small Steps

A summit held earlier last month in Addis Abeba by leaders of Africa and the Caribbean Community was a poignant reminder of the deep ties between them. They are ties that are rooted in our history and culture, as well as in our shared outlook on the global cha...

Oct 4 , 2025


My Opinion

Climate Crisis Is Real. The Hysteria Is Not

Over the past half-century, environmentalists have predicted countless calamities that did not occur. They have pitched draconian countermeasures that turned out to be mostly misguided. We should be grateful we did not follow their harmful advice. And we need to keep this history in mind as we are flooded with stories of climate Armageddon. A few of the many sensible and life-improving environm...

Oct 11 , 2025


What's Next for Multilateralism?

In his speech to the United Nations General Assembly (UNGA) last week, US President Donald Trump claimed to have "ended seven unendable wars," a definite exaggeration, though his Administration has helped make peace in several regional conflicts. Trump then ex...

Oct 4 , 2025

Violence Against Health Workers Must End

This summer, a male patient at Specialist Hospital Damaturu in Nigeria's Yobe State physically assaulted a female healthcare worker following a dispute over the provision of medical attention. Sadly, this is a relatively common experience for healthcare worker...

Sep 27 , 2025






Featured

TRADITION THRIVES AS COSTS CLIMB

As dawn broke over Addis Abeba last week, the city's arteries pulsed not with the usual weekday urgency but with a slower and surer rhythm. A tide of people draped in black, red, and white shawls converged on a site near Mesqel Square with reverent precision. The capital bore witness once again to "Irreecha," an emblematic thanksgiving ritual, transforming its streets into rivers of colour, chant, and memory. On Haile Gebresellasie Avenue, celebrants streamed past checkpoints, heading toward...

Oct 5 , 2025


Commentaries

Stale Exchange Rates Hide Costs During Debt-for-Equity Conversions

Companies hungry for cash face a familiar choice of either borrowing and repaying with interest or selling shares and sharing in the upside. Debt has fixed repayment dates, while equity involves surrendering a portion of ownership, and neither path is without its issues. However, a third route, converting debt into equity, is gaining favour worldwide and appears in Ethiopia's revised Commercial Code. The idea is simple. Lenders, for our case, are shareholders and are also foreign investors, e...

Oct 11 , 2025


News Analysis

In Digital Hustle, Fragile Trust Cashless Future on a Tipping Point

Desalegn Banksira sits behind the counter of Tsione Bar & Restaurant, near the Lancha area, thumbing through slips of paper that pass for proof of payment. More and more of his customers prefer to settle their bills through mobile apps, yet his patience with digital money is wearing thin. “Some customers come with receipts that were paid to another business,” he said with a weary shrug, explaining that even the family's chain of nightclubs is used to the same hustle. Screenshots no...

Aug 30 , 2025


Delicate Number

45

Ethiopia's external financing requirement over the five-year period through 2027/28, a substantial sum showing structural current account deficits. The current account deficit (excluding official transfers) alone accounts for 49pc of the total requirement, a persistent external imbalance driven by import dependency and modest export growth.

Oct 11 , 2025


Fineline

Leaders of the National . . .

Leaders of the National Election Board are in a charm offensive mood, of a sort. Last week, they organised a rare tour for members of the media, showcasing what polling stations will look like during the upcoming national elections; and they took the...

Oct 3 , 2020


Verbatim

"The country is bleeding - economically - due to internal conflicts."

Tsadikan Gebretensay (Lt. Gen.), a veteran military leader, told the National Broadcasting Corporation (NBC), while promoting his new initiative, the Movement for Change in Tigray.



View From Arada

Restoring Africa's Cul-ture, Philosophy Key to Development

By encouraging the discovery of truth, philosophy can provide the intellectual foundation for development and illuminate paths toward more cohesive and prosperous societi...

Oct 11 , 2025

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Sunday With Eden

The Power of Staying Unexplainable

There's a version of us that lives in our parents' minds, the child they raised, frozen in time no matter how old we get. Another version exists with our friends, the one who laughs at their jokes and keeps their secrets. Then there's the version our coworkers know: polished, composed, and conveniently stripped of chaos. The truth is, everyone we know carries a private version of us. And none o...

Oct 11 , 2025


Arrivals, Departures, and the Human Heart

Airports are not just hubs of transportation. They are emotional crossroads, places where laughter welcomes arrivals and tears soften departures. Step into any terminal and the truth reveals itself: children sprinting into the arms of parents after long trips...

Oct 4 , 2025

The Vanishing Sound of Joy

A sound is vanishing from everyday life. Not the static of landline phones or the chime of notifications, but something far more vital, laughter. Once it rippled through friendships, family gatherings, even holiday dinners. Now, conversations often collapse...

Sep 27 , 2025


Life Matters

The Savior Complex, When Helping Hurts

I have this one friend who absolutely amazes me. She's fiercely loyal, always trying to help, and practically incapable of saying no. When she does manage to decline something, she's apologizing for it moments later. She's the kind of person who would drop everything, including her own family obligations, to rescue a friend in need. We all love her for this huge, selfless heart. Yet lately, she...

Oct 11 , 2025


When the Price of Survival Becomes the Ultimate Luxury

From daily observations I can no longer ignore, one truth has become impossible to shake: the very structure of our economic life needs urgent rethinking. What passes for progress today feels less like growth and more like escalation, a capitalism so manic it...

Oct 4 , 2025

Fear, Fines, and Forced Obedience

The question of how to make people follow rules has always fascinated me. Governments and societies have wrestled with it for centuries. We often hope that citizens obey laws out of civic duty or fear of social consequences, but reality is rarely so tidy. Many...

Sep 27 , 2025





Radar

UN Food Agency Cuts Refugee Rations as Funding Crisis Deepens

The UN World Food Programme (WFP) has reduced food rations for 780,000 refugees across 27 camps in Ethiopia, cutting allocations from 60pc to 40pc, leaving recipients with less than 1,000 calories a day. Only 70,000 newly arrived refugees from Sudan and South Sudan will continue to receive full rations for six months. “We are making impossible choices,” said Zlatan Milisic, WFP's Country Di...

Oct 12 , 2025


AMG Holdings Breaks Ground on Industrial Rail Link to Ethio-Djibouti Railway

AMG Holdings has launched construction on a 2.5-kilometer railway connecting its Sheger Industrial Park to the Ethio-Djibouti Railway's Endode Station. The Ethiopian-led project comprises 1.7 Kms of main track and 800 meters of side rail. Chief Project Manager Engineer Nigist Hailu said the line is expected to be completed within six months, facilitating the transport of raw materials and finis...

Oct 12 , 2025

In Picture

YELLOW SIGNAL

Forget flashy billboards and painted signs. In Mekelle, a single yellow jerrycan resting on a dusty curb does the job just fine. It's the new language of the street—simple, unmistakable, and profitable. The written note tells motorists that petrol is available, but not at the government rate. At 200 Br a litre, the markup is steep, yet demand remains constant. Across Ethiopia's regional cities,...

Oct 12 , 2025


MARKET MOMENTUM

At the Sheraton, delegates from across Africa joined State Minister of Revenues Aynalem Nigussie as she cut the ribbon to launch the Africa Export Competitiveness Report 2024. A bright red ribbon sliced across a bold yellow banner, symbolising ambition and renewal. Dressed in an elegant Habesha qemis, Aynalem brought heritage to the moment, bridging tradition and progress. Applause filled the room...

Oct 12 , 2025