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Fortune News

Apr 10 , 2021

Frontline Workers, Seniors First COVID-19 Jab Recipients

Frontline healthcare workers are given priority for vaccination against COVID-19, which began on March 13, 2021, and over 27,000 of them have so far received their inoculations. This puts the total nu...

Apr 10 , 2021

Abay Bank Sees Slack Year in Decade

It was not a gratifying year for the shareholders of Abay Bank, which fell short of repeating the impressive performances it had been exhibiting for the better part of its decade in operation. Abay's...

Headline Inflation Reaches 20.6pc on Year

There appears little solace for consumers in Ethiopia, with the year-on-year headline inflation reaching at 20.6pc in March this year, a little over the nearly 20pc annual average last year....

Apr 3 , 2021

BREATHING THROUGH THE WORST OF TIMES

In full personal protective gear, medical staff attend to Novel Coronavirus (COVID-19) patients inside a makeshift intensive care unit (ICU) at Millennium Hall on Africa Avenue (Bole Road). These are...

Apr 3 , 2021

EthSwitch to Launch Instant Retail Payment Settlement

EthSwitch S.C., the national switch operator for the banking industry, is set to roll out several digital payment solutions that will introduce new features. The company has been providing solutions t...

Apr 3 , 2021

Ministry to Demolish State Monopoly on Multi-Modal Transport Sector

The multi-modal transport sector will soon be open to private companies after authorities finalise a bill they hope will introduce liberalisation, thereby opening a long-closed industry to the private...

Apr 3 , 2021

Bottlenecks Choke Desperate Water Bottlers

Industrial water bottlers have lodged complaints and a plea for assistance before the authorities at the Ministry of Trade & Industry, claiming that issues with foreign currency shortages and disr...

Apr 3 , 2021

COVID-19 Treatment Equipment to Receive Priority in 170m Br National Repair Campaign

A campaign to repair medical equipment is set to begin with an outlay of 170 million Br as part of a nationwide programme to revitalise the health sector. A dozen public hospitals in Addis Abeba, s...

Apr 3 , 2021

Addis International Bank Marks Remarkable Year, Despite Dismal Market Realities

It was a good operating year for Addis International Bank (AIB), despite the public health crisis, economic slowdown and political uncertainties. In a statement for the annual report, Hailu Alemu,...

Apr 3 , 2021

Online Travel Booking Firm Expands Digital Payment Options with Banks' Enthusiasm

GuzoGo, an online travel booking application, has entered into a deal with Bunna International and Debub Global banks this past week in a bid to expand its payment options and customer base. Under Sol...

Apr 3 , 2021

Belayneh Kinde Group Gives Debre Brehan Vehicle Assembly Plant

The town of Debre Brehan will get its first vehicle-assembly plant, under construction by Phibela Industrial Plc, at a projected cost of 300 million Br for civil works and construction of the plant. ...

Mar 27 , 2021

SESSION OF RECKONING

Speaker Tagesse Chafo (left) walks Prime Minister Abiy Ahmed (PhD) out after a session with members of parliament where the latter had to answer for one of the most challenging periods the country has...

Mar 27 , 2021

Idled Factory Disrupts Oxygen Supply amid Medical Demand Surge

A production disruption at the city's primary supplier of medical oxygen, Chora Gas Factory, has fueled the severe shortage of oxygen in the midst of what experts dub the third wave of the Novel Coron...

Hit by Supply Shortage, Textile Industry Eyes Salvation in Cotton Imports

Ethiopia is importing 20,000tn of cotton, representing close to 40pc of the textile industry's annual demand, after floods damaged plantations in the main growing regional state and caused shortages i...

Mar 27 , 2021

No Love Lost Between Tsehay Real Estate, Homeowners

The relationship between a real estate developer and hundreds of homebuyers has not been warm and sunny of late. Embroiled in a series of issues from title deed issuance to manners in which shared pro...

Mar 27 , 2021

Messebo Resumes Production, Cement Saga Continues

Shocked by the escalating price of cement, authorities at the Ministry of Trade & Industry have begun to take a series of measures hoping to discipline the battered cement industry and supply chai...

Columns

Commentaries | Jun 06,2026

The Elections Offered Order at the Centre, Silence at the Edges

For a political veteran as controversial as Getachew Reda, last week's national elections...

Editorial | Jun 6 , 2026

Addis Abeba Pours a New Story in Every Cup, Where Tradition Meets Global Influence

Customers settle into a carefully curated space of dark wood, black accents, muted green f...

Featured | May 31 , 2026 . By HELINA HADGU

THE GOLD RUSH RUNS OUT OF FUEL

Zenebe Girja used to sit close to the centre of the formal gold trade, where sacks of raw...

Agenda | Jun 7 , 2026 . By MASTEWAL ZEMENE

National Census Delay Opens a New Fight Over Who Controls the Facts

The long-delayed census has returned to Parliament not as a counting exercise, but as a fi...

Fortune News | Jun 7 , 2026 . By NAHOM AYELE