Austere Budget


Amidst a tough macroeconomic situation, the Ministry of Finance & Economic Cooperation (MoFEC) has allocated a 346.9 billion Br budget for the coming fiscal year, of which 68pc will be…


Ramadan Season Tests Restaurants` Gear

The type of living and increases in disposable incomes of urbanites has taken a toll on their free time. Sometimes all the adults in the family have to hold jobs. In addition to the quest for enjoyment, there is no time even to prepare food at home so it becomes a trend to find an alternative Iftar arrangement. Some restaurants in the Capital are replacing the traditional norm of the family gatherings at home for iftar, reports BERHANE HAILEMARIAM, FORTUNE STAFF WRITER.


High-end Coffee Houses on the Rise

Coffee houses can be found on almost every corner in Addis Abeba, with more high-end coffee houses joining the growing market. They provide high-quality coffee and a unique atmosphere that CATERS FOR well-off individuals, reports TARIKU GASHU, FORTUNE STAFF WRITER.


Music Studios Crescendo in the City

It has been five months since Habtu Abraha, in his late thirties, started a band at a music studio he owns close to Mesquel Flower Hotel, along Gabon Street. Having…


Children’s Literature Too Laborious for Authors

Even though there are writers dedicated to writing books for kids, even if there are exciting stories to be told to them, and even if parents desperately need to shape their children through stories, authors are finding the process of publishing too unbearable, reports EYUEL GETACHEW, FORTUNE STAFF WRITER.


Remittance Grapples with Parallel Market

A large population of Ethiopians live outside of the country and send currency to their friends and families. But with a higher exchange rate on the parallel market, those who look to exchange foreign currencies sent from outside the country look to the black market while those looking to purchase proceed to the banks, reports Berhane Hailemariam, FORTUNE STAFF WRITER.


Social Media Springs Up as Contemporary AD Platform

With a large number of individuals in Ethiopia using social media, local companies take advantage of using the cost-effective way of advertising on social media. Even with the instability of the internet a shift in the platform companies use to advertise is becoming more visible, reports Eyuel Getachew, FORTUNE STAFF WRITER


Pilgrims’ Flock to Jerusalem on the Rise

For past five decades, since the establishment of the Jerusalem Memorial Association, which took religious travellers to Israel, things have changed a lot. Pilgrimages to ‘the Promised Land’, Jerusalem, were considered to be trips made by the elderly and the rich. However, more recently, companies have started charging half of the previous fees, making the travel possible for many more people, reports,


Easter, Holiday of Big Drinks

With the preparation for the Easter holiday and the end of the longest fast, observed by those who follow the Orthodox and Catholic doctrines, the demand for liquor has increased. Traditionally a gift to take to someones’s house during the holidays, both the traditionally homemade and factory distilled liquors are a choice for celebrations, reports, Bethelhem Bahran, FORTUNE STAFF WRITER.


Cash Raffle Thrives Amid Strict Law

Cash raffles become more and more popular in the city, and as their numbers rise the National Lottery Administration has given a warning on the consequence of operating without a license, reports, Solomon Yimer FORTUNE STAFF WRITER.


Unrest Glances off Valentines Flower Business

February is among the peak times where the flower market hits high all over the world, as the Valentines day festivity was at the mid of the month. Ethiopian flower suppliers are among the beneficiaries of this market opportunity, which faces a pause last week. The harvesting of flowers was hardly happening in the farms, and the cut flowers were not able to be transported to the capital. Also, the decline in the demand of the local market and the almost non-supply of flowers disappointed retailers who talked with HAIMANOT ASHENAFI, FORTUNE STAFF WRITER.


Local Furniture Struggles to Keep Up with Imported Rivals

Before spending thousands on furniture, deciding upon a specific item when there are more choices than ever the task of choosing the one that ticks all the boxes becomes even more daunting. With the burgeoning retail market for furniture and large options, it finally comes down to choosing between locally produced or imported ones. The mindset of buyers that an imported item is better in quality and appearance has sidelined locally manufactured furniture, writes HAIMANOT ASHENAFI, FORTUNE STAFF WRITER.


Supermarkets, Beyond the Hype

Addis Abeba is home to 3.4 million residents. Its rapid urbanisation and growth in disposable incomes have meant changes in food preferences and eating habits among urban consumers. Hence, the increasing patronage of supermarkets and convenience stores. It is good news as it creates jobs in the area and who would mind the comfort of having a supermarket nearby. But, the naming of these stores as supermarkets and recently hypermarkets is spurring controversies in Ethiopia’s retail market. William Shakespeare once said, “What is in a name?” YIBELTAL GEBREGZIABER, FORTUNE STAFF WRITER, tries to answer.


Tebita; An Entrepreneurial Social Service

The difference between life and death could be in minutes and not being able to get prompt medical assistance should not be a reason to lose a beloved one. Tebita Ambulance & Prehospital Emergency Medical Services tries to break these barriers in Ethiopia’s medical care system, providing emergency ambulance service and medical help to those in need. For all its efforts though, poor infrastructure, especially roads amongst others, becomes quite the challenge, writes CHRISTIAN TESFAYE, FORTUNE STAFF WRITER.


Festival Encapsulates Film Industry’s Ambiguous Future

The Ethiopian film industry may not be as celebrated as Hollywood, but that has not held it back from getting recognition in the world of cinema, with many films screened at international film festivals. One such event to honour Ethiopia’s filmmakers and actors is the Ethiopian International Film Festival (EthioIFF) celebrating its 12th edition since its launch in 2006. The most recognised film was Kedemena Belay, scooping most of the awards. But behind all the glamour there is an ailing industry that suffers from many problems preventing it from flourishing, writes CHRISTIAN TESFAYE, FORTUNE STAFF WRITER.


Giant Christmas Trees Sparkle Up Addis

Unlike most of the world, Ethiopians celebrate Christmas, more commonly known as Genna, on January 7, following 40 days of fasting. Although a Western tradition, the beginning of the festive season is marked with adorning houses with Christmas trees. The city and its residents have welcomed these trees not only into their homes but also in commercial centres and hotels as a nod to the tradition and further as a means to attract customers, writes HAIMANOT ASHENAFI, FORTUNE STAFF WRITER.


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