From Wikipedia, the free encyclopedia

Addis Fortune (also known as Fortune) is a private and independent newspaper based in Addis Ababa, Ethiopia.^[1] 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%.^[2] 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.^[3]

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.^[4] Since then many officials have been arrested.^[5]

References