Addis Fortune
Encyclopedia
Addis Fortune is a private and independent newspaper based in Addis Ababa
, Ethiopia
. It is reportedly the largest English Weekly in the country; its circulation is often quoted at a meager 7,500 copies per week in a country with a population 80 Million however, its rival, Capital, which is also based in Addis Ababa, recently claims to top Fortune in circulation in a project launched to celebrate its 10th year anniversary. Fortune still claims to be the largest circulating paper in its category, surpassing all others in the competition by an average of 60%. It is well known for its professionalism and it promotes free market with its in depth business news and analysis.
While many newspapers suffered government crack down after the 2005 national election, most of its employees have survived and it remains one of the rare private papers in the country. This might be due to its focus on business related news instead of politics. However, it was reportedly attacked by the famous Ethiopian businessman Mohammed Al Amoudi
for publishing a letter that criticized him.
The website often exposes corruption and other issues inside the Ethiopian business community. It was the first Ethiopian newspaper to reveal the breaking story of millions of dollars worth fake gold bought by the country's national bank.The editor of Addis Fortune, Tamrat Gebregiorgis, is a close confidant of the Meles regime. He is mostly linked to Bereket Simon, the infamous right-hand man of Meles Zenawi. That makes the paper quetionable and dubious. Since then many officials have been arrested.
Addis Ababa
Addis Ababa is the capital city of Ethiopia...
, Ethiopia
Ethiopia
Ethiopia , officially known as the Federal Democratic Republic of Ethiopia, is a country located in the Horn of Africa. It is the second-most populous nation in Africa, with over 82 million inhabitants, and the tenth-largest by area, occupying 1,100,000 km2...
. It is reportedly the largest English Weekly in the country; its circulation is often quoted at a meager 7,500 copies per week in a country with a population 80 Million however, its rival, Capital, which is also based in Addis Ababa, recently claims to top Fortune in circulation in a project launched to celebrate its 10th year anniversary. Fortune still claims to be the largest circulating paper in its category, surpassing all others in the competition by an average of 60%. It is well known for its professionalism and it promotes free market with its in depth business news and analysis.
While many newspapers suffered government crack down after the 2005 national election, most of its employees have survived and it remains one of the rare private papers in the country. This might be due to its focus on business related news instead of politics. However, it was reportedly attacked by the famous Ethiopian businessman Mohammed Al Amoudi
Mohammed Al Amoudi
Sheikh Mohammed Hussein Ali Al Amoudi Sheikh Mohammed Hussein Ali Al Amoudi Sheikh Mohammed Hussein Ali Al Amoudi (Ge'ez: ሞሓመድ አልአሙዲ, Arabic: محمد حسين العمودي; is a Saudi Arabian/Ethiopian businessman and billionaire who lives in Ethiopia and Riyadh, Saudi Arabia. As of 2011, his net worth has...
for publishing a letter that criticized him.
The website often exposes corruption and other issues inside the Ethiopian business community. It was the first Ethiopian newspaper to reveal the breaking story of millions of dollars worth fake gold bought by the country's national bank.The editor of Addis Fortune, Tamrat Gebregiorgis, is a close confidant of the Meles regime. He is mostly linked to Bereket Simon, the infamous right-hand man of Meles Zenawi. That makes the paper quetionable and dubious. Since then many officials have been arrested.