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Fortune News

Sep 10 , 2021

Authority to Begin Certifying Electricity Generation for Private Consumption

Any entity wishing to produce electricity for private consumption will soon be able to request a permit from the Ethiopian Energy Authority (EEA). Prospective developers meeting requirements set forth...

Sep 10 , 2021

Awash Second Insurance Firm to Join Cell Phone Policy Market

Awash Insurance is gearing up to become the second firm to introduce a cellphone insurance policy. The 25-year old firm sent its proposal, along with a feasibility study, for approval to the National...

Sep 10 , 2021

Businesswoman Takes Charge of Hoteliers Lobby Group

The Addis Abeba Hotel Owners Association has elected a new chairperson, the second person to lead the 176-member lobby group in eight years. Aster Solomon, the owner of Mosaic Hotel, has been elect...

Sep 4 , 2021

THE HIVE: HEADQUARTERS BUZZ

Genene Ruga (left) and Woldetensai Woldegiorgis (centre), president and board chairman of Nib International Bank, respectively, handed Yinager Dessie (PhD), governor of the National Bank of Ethiopia ...

Central Bank Eases Loan Freeze on Importers, Manufacturers

Officials of the National Bank of Ethiopia (NBE) have loosened the restrictions on the banking industry, allowing importers and edible oil producers access to asset-based collateral loans. It is in...

Sep 4 , 2021

Lottery Admin to Place Ceiling on Betting Industry Payouts

Betting companies will not be allowed to pay out more than one million Birr to winners if a new directive drafted by the National Lottery Administration comes through the approval process. There ha...

Sep 4 , 2021

Nib Bank Finds Home in Hive

Nib International Bank has inaugurated a 37-storey headquarters in the Sengatera area, known as the Wall Street of Addis Abeba, 22 years after it was established. Located on Ras Abebe Aregay Street...

Sep 4 , 2021

Visa on Arrival Resumes, Signals Hope for Hospitality Industry

Ethiopian immigration authorities announced the resumption of electronic and on-arrival visas last week, marking the end of a suspension for all travellers that began in mid-June 2021. The announce...

Sep 4 , 2021

Oil Company Shares Fail to Attract Bidders

No bidder showed up to buy shares registered under Tewodros Tewolde with Zagol Petroleum Plc, during an auction held last week. The assets up on the auction bloc included 90 shares in Zagol Petrole...

Sep 4 , 2021

State Insurer Eyes Clinical Trial Policies

The Ethiopian Insurance Corporation (EIC) is gearing up to provide a clinical trial insurance policy, a first for the industry. The new product covers policyholders on research subjects (individual...

Sep 2 , 2021

MINING FOR SUCCESS

Fist bumps were in order late last week between Eyob Takalign (PhD) (left), state minister for Finance, and Takele Uma, minister of Mines & Petroleum and head of the institution that oversees the...

Aug 28 , 2021

Ethiopia Secures $408m from IMF, Officials Chuffed

Ethiopia has secured a sum of 408 million dollars under the Special Drawing Rights (SDR) programme of the International Monetary Fund (IMF). On the table since March this year, the allocation took...

Aug 28 , 2021

Global Shipping Crisis Pushes Container Procurement Cost

The state-owned Ethiopian Shipping & Logistics Services Enterprise (ESLSE) is to spend 19 million dollars to procure 2,958 containers, up by two million dollars from a similar acquisition it under...

Aug 28 , 2021

Judge Orders Tsehay Real Estate to Transfer Deeds to Homeowners

A judge at a lower court has ordered a Chinese real estate firm to hand over title deeds to homebuyers after a months-long legal battle. The Yeka District Federal First Instance Court has ruled in...

Aug 28 , 2021

Tax Authorities Extend Succour to Solar Tech Importers

Businesses involved in the import and assembly of solar technologies will soon receive duty tax adjustments based on the new tariff book released by the Ministry of Finance. Effective next month, t...

Aug 28 , 2021

Study Flickers Hope to Dismayed Construction Industry

The findings of a new study commissioned to recommend price escalation adjustments in the construction industry may impact almost all public projects under construction. According to individuals kn...

Columns

Commentaries | Aug 29,2026

The Education Minister Celebrates the Wrong Numbers

Every year, the Ministry of Education (MoE) sets a national examination. Every year, it fa...

Editorial | Aug 28 , 2026

SMALL-NOTES SQUEEZE WORN, TORN, NEVER RETURNED

For Hirut Ayalew, a small shop owner around Ferensay Legasiyon, the shortage of usable sma...

Featured | Aug 1 , 2026 . By BIZUAYEHU ABIY

Between Tax Authorities, Dealers, Buyers Who Cannot Keep Up

For Tefera Worku, buying a car was meant to be a simple calculation of convenience. The co...

Agenda | Aug 29 , 2026 . By FITSUM TADESSE

Fed Now Repays Its Bills with More Bills

The federal government is increasingly relying on Treasury bills (T-bills) to repay Treasu...

Fortune News | Aug 29 , 2026 . By BEZAWIT HULUAGER