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Fortune News

Aug 28 , 2021

Akir Construction, Seifu Ambaye Legal Battle over 'Bad Cheques' Ends in Foreclosure

Close to 23,200 shares of Akir Construction Plc registered under Seifu Ambaye are to be auctioned off by judges at the Federal High Court. Presided over by Judge Frehiwot Teshome, the Federal High...

Aug 21 , 2021

CLOUDY WITH RISK OF CASUALTIES

An excavator digs out mud from a school building after heavy flooding has mostly destroyed it. The structure was not the only casualty of a rainy season characterised by fog, harshly cold weather and...

Ayat Offers 615m to Acquire TACON HQs

A pioneer real estate developer has placed the highest offer to acquire the headquarters of the embattled Tekleberhan Ambaye Construction Plc (TACON), located near the CMC area. Ayat Real Estate ha...

Aug 21 , 2021

Cement Plants to Make Upward Price Adjustment

The turbulent cement industry will see another significant change, with plants gearing up for upward price adjustments. Managers of cement companies, who have been disgruntled by the surge in the pric...

Aug 21 , 2021

Foreign Office Spokesperson Calls Embassies Closure "Right-sizing"

Officials of the Ministry of Foreign Affairs have pursued Prime Minister Abiy Ahmed's pledge before parliament to close no less than 31 missions abroad, in a manner Dina Mufti, the spokesperson, descr...

Aug 21 , 2021

Harari Sets Price Cap on Commodities

Harari has become the first regional state to impose a price cap on major food and non-food items in a bid to tame inflationary pressure. The Trade Development Agency of the state, home to a quarte...

Aug 21 , 2021

Full-Fledged Sharia Compliant Insurance Firm in the Making

A firm dedicated to providing full-fledged Sharia-compliant insurance services is gearing up to offer equity to the public. Promoted by individuals with a background in interest-free banking, "Aman...

Aug 21 , 2021

New Health Insurance Scheme Surfaces, Excludes Private Insurers

The Ethiopian Health Insurance Agency (EHIA) will launch novel social health insurance, allowing individuals working in the formal sector to be covered by an affordable health insurance scheme adminis...

Aug 14 , 2021

GOH COMES HOME

A two-year journey behind them, Mulugeta Asmare (left) and Getahun Nana (centre), president and board chairperson, respectively, of the new Goh Mortgage Bank S.C., shared the spotlight with Yinager D...

Aug 14 , 2021

China Exim Bank Withholds $339m in Loans Amid Debt Reworks

The Export-Import Bank of China has withheld the disbursement of 339 million dollars in loans to Ethiopia as it conducts a review of the country's debt standing, leading to delays in eight infrastruct...

Aug 14 , 2021

Holiday Expos Attract 111m Br Record Offers

A novel event organiser has placed record high offers to host the upcoming Christmas and Easter bazaar at Addis Abeba's oldest exhibition venue. Betahon Special Events has offered a total of 111 mi...

Aug 14 , 2021

Petroleum Enterprise, Businessman at Odds over Auction

The Ethiopian Petroleum Supply Enterprise (EPSE) is in a bid to recoup a share of over a quarter of a billion Birr in accounts receivable from a businessman with ties to two local oil companies that h...

Aug 14 , 2021

Bankers Perplexed by War Contributions, Request Clarification

Financial institutions are awaiting a nod from federal authorities to make nearly half a billion Birr in war contributions to the Ethiopian National Defense (ENDF) and regional forces. They have ye...

Aug 14 , 2021

Market Confusion, Transport Interruption Drive Salt Prices Up

Prices for table salt jumped to 20 Br a kilogramme last week, around a third higher than the going rate earlier this month, and an abrupt departure from the trend for half a decade. Salt traders bl...

Aug 14 , 2021

Directive Lowers Requirements to Establish Audit Firms

A new directive has eased the requirements for the registration of accountants and auditors, lowering the previously required eight years of experience to just three. Drafted by the Accounting &...

Aug 14 , 2021

Enterprise to Buy 3,000 Additional Containers

A global logistics crisis caused by the COVID-19 pandemic has pushed the state shipping service provider to acquire 3,000 shipping containers less than a month after conducting a similar procurement....

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