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Fortune News

Jul 11 , 2021

Edna Mall Receives Offer Over Three Times Auction Threshold

A landmark property in the busiest neighbourhood of Addis Abeba has received an offer that was over three times the threshold auction price of 237 million Br. A Chinese industrialist, East Steel Pl...

Jul 11 , 2021

MIDROC Foundation Assets on Auction Bloc

Properties belonging to MIDROC Foundation, including construction machinery and vehicles, are up on auction a year after losing a legal battle to Achim Braun of Mediterranean Group EA. Achim, a for...

Jul 11 , 2021

Ahadu Bank Takes Shareholders to Next Step

Ahadu Bank will soon join the financial sector with a little over half a billion Birr in paid-up capital after promoters received a positive nod from authorities at the central bank. The founding s...

Jul 3 , 2021

"MOMENT OF INTROSPECTION"

The humanitarian crisis remains an overriding issue of concern in the Tigray Regional State, where aid agencies fear 900,000 people are exposed to the prospect of famine. Over five million people requ...

Jul 3 , 2021

Central Bank Cautions Banks over Accounts in Tigray

Several bank accounts opened in Tigray Regional State were frozen a day after the federal government declared a humanitarian unilateral ceasefire, and authorities in Addis Abeba said they withdrew fed...

Jul 3 , 2021

Customs Duty Squeezes Gov't Suppliers Margins

Suppliers of equipment and furniture for the federal government cry foul over the imposition of an "unfair" amount of duty by the authorities, squeezing profit margins and causing delays in procuremen...

Jul 3 , 2021

Federal Police Loses 77m Br Court Battle

A three-year court battle ended last month after judges at the Federal High Court rejected 77.5 million Br in compensation claims by the Federal Police Commission. Presided by Judge Yacob Mekuria, the...

Jul 3 , 2021

Royalty Payments Set to Begin in September

Copyright holders of artistic works have received a positive nod from authorities to begin collecting royalty payments from TV and radio stations beginning September 2021. It will be a landmark dev...

Jul 3 , 2021

Digital Transport Management System Off to a Rocky Start

The introduction of a new registration system by officials at the Federal Transport Authority has sent freight truck operators into an uproar, claiming the requirements are cumbersome. The new requ...

Jul 3 , 2021

Awash Insurance Embarks on "Selam" Takaful Service

Awash Insurance Company (AIC) has become the second firm in the industry to enter the growing takaful market, a Sharia-compliant insurance product. The oldest private insurance firm, Awash has begu...

Jun 26 , 2021

BALLOT BATTLEGROUND

A voter stops by to check out results at a polling station in Arada District, Addis Abeba, where the counting of results for the national elections last week has been posted on a notice board. The ve...

Jun 26 , 2021

Authorities Change Ownership Rules, Lower Capital Requirements for Contractors

A new directive governing the construction industry introduces a series of changes, with its authors convinced they have to battle unprofessionalism and growing risk in the sector. Leaders of the indu...

Wheat Procurement Hits a Snag, Yet Again

Authorities at the federal government were forced to cancel an international bid to buy wheat deemed crucial to stabilise the market and provide welfare to low-income groups. The only bidder that o...

Jun 26 , 2021

Corporation Receives Record-High Offers for Commercial Spaces

The Federal Housing Corporation (FHC) has received a record-high offer for a commercial space up for rent last month, in the Merkato area. The 4,828 Br offer for a square meter made by prospective...

Jun 26 , 2021

CBE Offers Alliance Transport Buses to Bidders

Three dozen buses formerly belonging to Alliance Transport Services S.C. have been put up for auction by the state-owned Commercial Bank of Ethiopia (CBE). The eight-year-old company defaulted on its...

Jun 26 , 2021

City Bus Enterprise to Get Buses Worth $20m

The city bus company is to acquire 100 low-entry buses, spending close to 20 million dollars through loans obtained from the World Bank. Low-entry buses are vehicles with a floor closer to the grou...

Columns

Commentaries | Jul 31,2026

The Rains May Fail, Policy Dare Not

Weldu Yiheysh has not read the Pacific temperature charts. He does not need to. In Shibta...

Editorial | Jul 31 , 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

Tax Bills Outrun the Metre, Stalling Ride-hailing Drivers

Elbeletel Tilahun was among the ride-hailing drivers startled by this year's tax assessmen...

Agenda | Aug 1 , 2026 . By BEZAWIT HULUAGER

Right-sizing Tests Addis Abeba University’s Promise for Autonomy

Addis Abeba University set out to win its institutional autonomy. Two years in, that freed...

Fortune News | Aug 1 , 2026 . By NAHOM AYELE