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Fortune News

RUNNING OUT OF GAS

January 19 , 2019

Fuel lines around gas stations, longer queues for public transport commuters and fewer vehicles on the roads characterised Addis Abeba last week. The culprit was another bout of fuel shortages that faced a city responsible for consuming 65pc of the roughly 12.42 mi...

Power Generator, Distributor at Odds

January 19 , 2019 . By FASIKA TADESSE

Beginning this month, companies with higher electric power consumption will be paying their electric bills to Ethiopian Electric Power (EEP) rather than Ethiopian Electric Utilities (EEU). Though EEP asserts that the...

Authority Shuts Tanneries With no Treatment Plants

January 19 , 2019 . By BERHANE HAILEMARIAM

Oromia Regional State suspended four tanneries in Modjo from operating until they build secondary wastewater treatment plants. The Oromia Environment Forest & Climate Change Authority ordered Colba, Hora, Jianxin...

Dashen Undergoes Management Restructuring

January 19 , 2019 . By FASIKA TADESSE

Dashen Bank, one of the pioneers of private commercial banks, overhauled its organisational structure by broadening its top level management team, as of January 1, 2019. The new restructuring bring...

Dashen Bank, one of the pioneers of private commercial banks, overhaul...

City Digitizes Farmland Relocation Data

January 19 , 2019 . By KALAEB GIRMA

The city administration is investing 10 million Br to install an information system that will record, store, interpret and analyse information about displaced farmers for redevelopment purposes. Th...

The city administration is investing 10 million Br to install an infor...

Kinfe, Others Face Additional Corruption Charges

January 19 , 2019 . By KALAEB GIRMA

Prosecutors brought two additional but separate corruption charges against Kinfe Dagnew (Maj. Gen), former head of the Metals & Engineering Corporation (MetEC), last week. The latest charges we...

Prosecutors brought two additional but separate corruption charges aga...

State Bank Pioneers Electronic Remittance

January 19 , 2019 . By TEMESGEN MULUGETA

The Commercial Bank of Ethiopia launched international electronic remittances, allowing the electronic transfer of money from a foreign country into Ethiopia. The state commercial bank's money tran...

The Commercial Bank of Ethiopia launched international electronic remi...

Risk Taking Lifts Profits at NICE

January 19 , 2019 . By BEHAILU AYELE

Claims control helped the quarter century old National Insurance Company of Ethiopia (NICE) to recorded a sizable 41.3 million Br in net profit in the past fiscal year, a staggering 60pc increase from...

Claims control helped the quarter century old National Insurance Compa...

January 19 , 2019 . By BERHANE HAILEMARIAM

Awash Bank maintains its leading position in the private fin...

January 19 , 2019 . By KALAEB GIRMA

A judge at the Federal High Court has ordered Country Club D...

January 19 , 2019 . By BERHANE HAILEMARIAM

The government has drafted a bill that will centralise the r...

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Columns

Commentaries | Jan 18,2019

Stock Markets, Not as Pertinent as They Sound

Life Matters | Jan 18,2019

Nation of ‘Hoarders’

My Opinion | Jan 18,2019

From the Horse’s Mouth

Sunday with Eden | Jan 18,2019

Technology, the World Pass by Ethiopia

Agenda | Dec 25,2018

Civil Societies Welcome Bill, with Reservations

Editorial | Dec 29,2018

Transport Authority Needs to Step Up its Game

Editorial

Ethiopia’s Humanitarian Crisis: the Elephant in the Room

January 18 , 2019

Like many instabilities around the world, the worrying state of a country rarely gets...

It`s About Time to Start Debate on Constitutional Amendments

January 12 , 2019

An expected consequence of the growing rift between the constituent parties of the ru...

The Republic Could Be No More

January 5 , 2019

A crowd, gathered outside Independence Hall in Philadelphia where representatives of 13 newly formed states had signed a historical docume...

Transport Authority Needs to Step Up its Game

December 29 , 2018

Faced with a continued breakdown in the rule of law, it is easy to miss the stagnant state of economic fu...

Sunday With Eden

Technology, the World Pass by Ethiopia

From off-grid solar power to mobile money solutions for the unbanked, technology is a...

January 18 , 2019 . By Eden Sahle

Faith-based Institutions: Way to Ethiopians Heart to Uphold Moral Compass

I spent a great deal of time in church when I was a child. Unfortunately, it was an...

January 12 , 2019 . By Eden Sahle

Life Matters

Nation of ‘Hoarders’

We like to preserve our culture and identities in every means possible. Not just our cultures though but anything that we think has sentimen...

January 18 , 2019 . By Kidist Yidnekachew

Actions Speak Louder

There is hope in Ethiopia. But where we are is nowhere in the realm of where we ought to be. The amount of resources that are available h...

January 12 , 2019 . By Hanna Haile

Agenda

Days of Fuel Shortages Wrench Capital

January 19 , 2019 . By BERHANE HAILEMARIAM

Menna Gizaw, 33, was one of the thousands of drivers that queued at a fuel filling st...

Electric Tariff Increase Sends Shockwave Through Consumers

January 12 , 2019 . By MADEBO GIRMA

The past two weeks did not bode well for the relationship between landlord Getaneh Ge...

Gena Arrives With Stable Prices in Local Markets

January 6 , 2019 . By KALAEB GIRMA and MADEBO GIRMA

The last item on Askalech Debele’s holiday shopping list is chicken, and she needs...

Commercial Properties See Rate Hikes: Indignation, Resignation by Tenants

December 29 , 2018 . By BERHANE HAILEMARIAM

Alemayehu Befikadu, a deputy manager for a plastics manufacturing factory, was busy o...

Gallery

IN PICTURE: Betty G.

January 10 , 2019

Bruktawit Getahun, Betty G for her fans, would have loved to be around for the Battle of Adwa and thinks of robots as square and scary. Third daughter to her parents, anchored but not confined, there is not a challenge in her life she would rather no...

Passport Tease: New Requirements For Passports Create Outrage

December 10 , 2018

The week in picture

December 10 , 2018

Commentaries

Stock Markets, Not as Pertinent as They Sound

Debates around the establishment of a stock market have recently become common after...

January 18 , 2019 . By Ahadu Yeshitela

The Seal of Transparency, Efficiency on Sino-African Relations

China, the world's second-largest economy, is now the largest foreign economic power...

January 18 , 2019 . By Magaye Gaye

Fineline

The tale of two dispositions could be what best describes Prime Minister Abiy Ahmed...

The tale of two dispositions could be what best describes Prime Minister Abiy Ahmed�...

Who it is that midwifed the rapprochement between Ethiopia and Eritrea...

Who it is that midwifed the rapprochement between Ethiopia and Eritrea is a matter of...

Fortune news

DEVELOPING STORY: Regional State Probe Leads to Bereket, Tadesse Arrest

January 23 , 2019

The arrests of Bereket Simon and Tadesse Kassa was an operation led by the Amhara Reg...

Bereket Simon Arrested

January 23 , 2019

Bereket Simon, a founding member of the EPRDF and a former senior government minister, has been arrested by the Federal government this morn...