Fortune News

FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New

Fortune News

Jul 18 , 2021

Historic Addis Abeba Sites to Make Way for Ethiopia Hotel Expansion

Landmark sites off Churchill Avenue, including an 80-year old structure in the National Theatre neighbourhood, are to be demolished after six years of dispute over the historical value of the properti...

Jul 11 , 2021

LAST SESSION, TURBULENT YEAR

Prime Minister Abiy Ahmed (PhD) turns to Tagesse Chafo, speaker of Parliament, during a break at a session where he addressed MPs for the last time for the sixth year in session. The next time parliam...

Jul 11 , 2021

With Digital Transaction Directive, CBE to Consolidate Further

Federal agencies will soon use the state-owned Commercial Bank of Ethiopia (CBE) as their facilitator for electronic payments, paving the way for close to 198 federal government entities to settle pay...

Jul 12 , 2021

Ethiopia Hopes for $1.5b in Foreign Aid to Finance Looming Budget Deficit

The federal government plans to get 66.8 billion Br (1.5 billion dollars at the current exchange rate) in foreign aid to finance its budget deficit for the fiscal year, projected to reach 144 billion...

Jul 11 , 2021

Central Bank Imposes New Limits on Fintech Firms

Foreign nationals of Ethiopian origin are allowed to invest only in foreign currency should they get into the business of payments system operators or instrument issuers. The new rule comes into force...

Jul 11 , 2021

Addis Abeba Hotels Closed Temporarily Over 'Inciting' Music

Authorities have shut down two prominent hotels Addis Abeba, alleging that they have played "inciting music" following the withdrawal of federal troops from Tigray. Harmony and Kaleb hotels on Djib...

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...

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