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Fortune News

Jun 12 , 2021

Cement Factories to Undergo Maintenance Despite Recurring Supply Shortage

Several cement plants will undergo maintenance beginning next month, aggravating fears that shortages in supply will send retail prices through the roof. The new schedule has been set despite the r...

Jun 12 , 2021

Feed, Forex Shortages Threaten Poultry Farms

A severe shortage of feed for chickens, coupled with a lack of forex for vaccines imports, threatens the poultry sector. The price of feed resources has been on an upward climb for months and shows...

Jun 12 , 2021

Sputtering Leather Shoes Project Surfaces Out of Thin Air

A project that aimed to supply 20 million schoolchildren nationwide with leather shoes is struggling to get off the ground due to a lack of financing and interest. The Leather Industry Development...

Jun 10 , 2021

DEVELOPING STORY: Aid Organisation Chief Urges Security Council to Act

Let the world walk the talk in helping millions of people suffering and face the prospect of famine in the Tigray region, calls the head of the Norwegian Refugee Council, an aid agency active helping...

Jun 10 , 2021

DEVELOPING STORY: US Calls for UN Security Council to Convene on "Carnage" in Tigray

The United States government has called for the UN Security Council to convene to discuss what its Ambassador to the United Nations, Linda Thomas-Greenfield, described as "daily carnage" in the Tigray...

Jun 5 , 2021

ZAMZAM REACHES THE SPRING

It was a show of an official endorsement ZamZam Bank had been denied just a decade ago when Yinager Dessie (PhD) (left), governor of the National Bank of Ethiopia (NBE), was asked to open an account l...

Jun 6 , 2021

City Adm'n Introduces Capital Threshold for 5,000Sqm Land Lease

Businesses with an investment proposal below half a billion Birr in capital can no longer apply for land lease in Addis Abeba exceeding 5,000sqm. The City Administration has notified agencies taske...

Jun 5 , 2021

Health Professionals Cry Foul Over Shortage of Medical Equipment, Payment Delay

Medical professionals of Black Lion Hospital, including resident physicians and nurses, went on a strike, bemoaning inadequate pay for COVID-19 frontline staff, delayed duty payments and a lack of med...

Jun 5 , 2021

New Financial Reporting Under Review, Despite Ailing Interest

A federal board overseeing audit practice is to begin a review of financial reports filed in compliance with the International Financial Reporting Standards (IFRS), from institutions including banks,...

Jun 5 , 2021

Cobblestone Repair Off to a Jarring Start

A network of cobblestone roads in the capital is undergoing maintenance, a city government project that covers a fraction of these roads and delayed by almost a year. With a budget of 30 million Br...

Jun 5 , 2021

Data Protection Law Limits Gov't, Private Sector Data Processing Rights

A new personal data protection bill places legal limitations on the extent to which both government and non-government entities can collect and utilise personal information imprinted on the internet b...

Jun 5 , 2021

Cooperatives Yet to Utilise Half a Billion Birr in Loans

Despite struggling with a lack of financing, cooperatives and unions have only utilised less than half of the 800 million Br credit allocated to them by the National Bank of Ethiopia to mitigate the i...

Jun 5 , 2021

Agency Prepares to Erect Enterprise Marketplace

A marketplace geared towards micro, small and medium enterprises is set to begin construction next year in the Jemo area of Addis Abeba under the supervision of the Federal Job Creation & Food Sec...

May 29 , 2021

BANK ROLL

Upbeat, Shimelis Abdisa (left), president of the Oromia Regional State, walks out of the main hall of Sheraton Addis with Dima Negewo (PhD), a veteran politician and a member of the national economic...

May 29 , 2021

Ethiopian Electric Worth 382 billion Br

The state-owned power monopoly, the Ethiopian Electric Power (EEP), is worth 382 billion Br (8.7 billion dollars current exchange rate), as an asset valuation result revealed. This is slightly higher...

Amhara Region Places Two Billion Br in War Recompense

The federal government has received a request for reimbursement in billions from the Amhara Regional State, for costs incurred for medical treatment provisions to members of the Ethiopian National Def...

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