Video Gaming on the Rise in Ethiopia

The Ethiopian video game business is dominated by Sony Entertainment’s PlayStation, as is the global market. As disposable incomes rise among a segment of the population in Ethiopia, parents are indulging their children with luxury items like PlayStation and game accessories that can set a family back several thousands of Birr reports MAHDER HADDIS, FORTUNE STAFF WRITER.

Eyebrow Tattooing Liberates Young Women

Eyebrow tattoos have replaced the morning routines of many women who apply pencil, powder or gel each day. Now they just walk into specialty beauty parlours to have hair strokes lightly drawn in semi-permanent ink on their brows which lends realistic looks that last from 12 months to a year.  Although health experts warn of risks, professional tattooists argue that it is a safe procedure, since they use disposable supplies, HIKMA AHMED,FORTUNE STAFF WRITER.

Traceability from Cherry to Cup, Blockchain Transforms Coffee

Moyee Coffee envisions transforming the way the coffee industry evaluates and traces coffee and assigns prices to coffee lots. He is also working to advance a more equitable payment system for small-scale farmers by capturing the value additions to the product in the producing countries. To accomplish these goals, the company has partnered with Bext360, an IT firm, to use blockchain technology to evaluate and trace coffee cherries. Moyee also built a coffee roasting plant in Ethiopia to roast, pack and export coffee beans to consumers.KALEAB GIRMA , FORTUNE STAFF WRITER.

Butcheries Showoff New Look

New butcheries offering high-quality Harari strain beef, modern ambience and first-rate services are emerging in Addis Abeba. Although raw meat is discouraged by health experts, these establishments cater to their clients’ preferences and offer both raw and stir-fry beef dishes. The new look, however, comes with high price tag for interior design and craftsmanship, MADEBO GIRMA, FORTUNE STAFF WRITER, reports.

New Year Lottery Brings Hope to Some, Wealth to Others

The Lottery Adminstration’s Enkutatash, New Year, offering is popular among many customers who peg their hopes of winning the big prizes on favourite personal numbers or just chance. It is also a period when more lottery tickets are sold than any other time, and some vendors anticipate more income from increased ticket sales. The government is also a beneficiary, as net profits from the sale of lottery tickets go directly to the national treasury, which supports the annual budget, reports MAHDER HADDIS, FORTUNE STAFF WRITER.

Prices Hike at New Year Expo Hit Vendors, Shoppers

New Year’s expo greets customers and vendors alike with steep prices. The organizer, Eyoha Addis Entertainment & Event Plc placed the highest ever bid price of 20.6 million Br to rent the exhibition space. Exhibitors from Turkey, Syria, Pakistan, India and China are well represented, as are major sponsors including a bank, several breweries and a national broadcaster. BERHANE HAILEMARIAM, FORTUNE STAFF WRITER.

WB Grants $1b for Budget

During his first press conference held since assuming power nearly five months ago, Prime Minister Abiy Ahmed (PhD) told local and foreign media on Saturday that the World Bank would…

Mobile-Money Comes of Age with Banks

Banks, both private and public, are aggressively persuing mobile-money and trying to build their customer base as technology companies join the skirmish building the necessary platforms and offering services that are needed to keep the system running, BERHANE HAILEMARIAM, FORTUNE STAFF WRITER.

Some Laud, Others Disparage Job Fair

A job fair held earlier this month at the Millennium Hall in Addis Abeba attracted thousands of freshly graduated job seekers, and hundreds of employers from industry, public institutions and non-governmental organizations. The job fair, organized by a private recruiting agency and supported by the Ministry of Education, drew criticism from some attendees but was generally praised by participants and recruiters alike, writes MADEBO GIRMA, FORTUNE STAFF WRITER.

Volunteers Lined to Help City Tackle Traffic Accidents

Addis Abeba, the seat of many international and regional organisations, has witnessed rapid economic growth, huge increases in its population and the corresponding hike in traffic. There were 4,009 road fatalities between 2007 and 2016, rising on average by 2pc annually, according to a 2016 report by the statistical agency of the government, BERHANE HAILEMARIAM, FORTUNE STAFF WRITER.

Semegnew Leaves Many in Grief, Doubt

Ethiopians are in shock and in a state of disbelief following the tragic death of Semegnew Bekele, chief engineer of the Grand Ethiopian Renaissance Dam.  He was found dead in…

Seedling Business Roots in Addis

Plant nursery and seedling production business is flourishing around the capital.  But the business faces many challanges including finding suitable retail spaces, water shortages and supply of fertilizers. Retail nursery supports other enterprises that supply plastic-pots, seeds and plant wholesalers. It is a season trade where the nurseries make most of their income in the rainy season, reports MADEBO GIRMA, FORTUNE STAFE WRITER.

Ahunna Eziakonwa Onochie Leaves with Dignity

Ethiopia hosts one of the largest United Nations teams in the world, with 28 agencies, funds and programmes. Net official flowe from UN agencies was recorded at close to 3.4…

Ethiopia, Eritrea On Positive-Sum Road

The last time he was here it was in 1996, two years before his troops advanced into what was then a disputed town, Bademe. The war caused a bloody two-year…

Imitation Cultural Clothes Hit Markets, Raise Concerns

Available for cheaper prices than traditional garments, there is a high demand for chiffon clothes that imitate Habesha kemis. This rising demand is seen as a threat to major stakeholders including small-scale weavers, designers, tailors and retailers that depend on producing and trading traditional Ethiopian clothes. But there is still many who prefer traditional Shemma clothes, with the hopes of winning back the market, reports YONATAN BELAY, FORTUNE STAFF WRITER.

Nation Dreams Big to Lessen Lag in Tech

The appearance of Sophia, the first and only robot to receive legal personhood, during a five-day long ICT Expo held at Millennium Hall last week helped boost the number of participants. Beyond that, Sophia’s visit helped motivate and encourage young programmers believe in the nation’s ability to one day advance Artificial Intelligence(AI) and Blockchain Technology. Although there is still work to be done, some believe that innovations in software programming can help the low-income community, reports YARED TSEGAYE, FORTUNE STAFF WRITER.

World Cup Bears Seasonal Bonanza for Businesses

The once every four years event has finally arrived, hosted by Russia the World Cup has helped open business opportunities for sports bars, hotels, showrooms, pubs,and paid tv. Football Fanatics usually go to these viewing events together creating an atmosphere all about sharing experiences has also helped companies associate their brand with the excitement around the matches, reports, BEHAILU AYELE, FORTUNE STAFF WRITER.

Partner to China-Africa Partnerships

The Bill & Melinda Gates Foundation, one of the largest foundations in the world, has made over 600 million dollars of direct investments in Ethiopia, where it opened an office…

Era of Popular Politics Heralds, In Tragedy

It was not a rally called by any political party, whether incumbent or the opposition. Not even a civic organisation was behind the demonstration held in Addis Abeba on Saturday,…

Dima: for Social Justice, Legitimate State

After three years of public unrest that saw a Prime Minister resign and two emergency decrees, the beginnings of political reform appears to be on the horizon. One of the most promising indications of this is the arrival of leaders of the Oromo Democratic Front (ODF) last month for negotiations with the ruling party.

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…


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