FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds

Fortune Logo

Fortune News

  1. Home
  2. Fortune News

Jun 12 , 2021

TALE OF TWO ETHIOPIAS

Upbeat and confident, Prime Minister Abiy Ahmed (PhD) (right) arrived under the sunny weather of Debre Markos, East Gojjam Zone, early last Monday. He, as well as Deputy Prime Minister Demeke Mekonnen...

Jun 12 , 2021

Shipping Company Surges Tariffs, Blames Container Shortages

The Ethiopian Shipping & Logistics Services Enterprise (ESLSE) has introduced new cargo tariffs comprising four times higher than its rate last year, blaming a shortage of containers due to imbala...

Central Bank Slaps Debub Global Executives Over LC Malpractice

Regulators at the National Bank of Ethiopia (NBE) have issued a stern warning to the President and Vice-president of Debub Global Bank over what they say was "negligence" during the managment of lette...

Jun 12 , 2021

Petroleum Dealers in a Pickle Over New Payment Scheme

Petroleum companies have introduced new payment modalities on hundreds of gas retailers, which are now required to deposit a guarantee with an average value of five million Birr. The demand comes f...

Jun 12 , 2021

ADMI'N FILLS TOP FOREIGN POLICY SPOT

Girma Temsegen (right), a career diplomat who first joined the foreign office in 1991, has been appointed to serve as a foreign policy advisor to Prime Minister Abiy Ahmed (PhD). Having a minister's r...

Jun 12 , 2021

Second Round of COVID-19 Jabs Approaches, Doses Remain Unacquired

Ethiopia faces a critical shortage of second doses of the COVID-19 vaccine as authorities find themselves in a difficult position to complete the regimen of millions of people who have already receive...

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...


Most read

Columns

Commentaries | Aug 29,2026

The Smartest Hectare Planted with Roses

Life Matters | Aug 28,2026

What a Money-Back Guarantee Really Sells

My Opinion | Aug 28,2026

Africa Feeds Itself on Borrowed Fertiliser

Sunday with Eden | Aug 28,2026

The Park We Build. The Fence We Put Inside It

Agenda | Aug 29,2026

Between Tax Authorities, Dealers, Buyers Who Cannot Keep Up

Editorial | Aug 28,2026

The Education Minister Celebrates the Wrong Numbers


         ADVERTISEMENT

Read More

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