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Fortune News

May 8 , 2021

Oromia Coop Bank Seeks Artificial Intelligence to Keep Customers Chatting

A private bank takes the lead to launch artificial intelligence (AI) tools, in league with a newly formed federal agency, the Artificial Intelligence Centre (AIC). The Cooperative Bank of Oromia (C...

Apr 30 , 2021

THE SO-SO EASTER MARKET

As the fasting season came to an end over the past week, followers of the Christian faith prepared to celebrate Easter and surreptitiously approached markets. Popular destinations such as Shola Gebeya...

Apr 30 , 2021

Limits on Mobile Money, Tower Market Push Bidders to Opt-out of Telecom Bid

Telecom developers opted out of the race for the two operational licenses in Ethiopia as the government remains firm in its position to close the mobile banking and telecom tower markets to foreign co...

Court Grants Bail to Mulugeta Tesfakiros

The Federal High Court fifth division corruption bench has granted bail for the amount of 80,000 Br to Mulugeta Tesfakiros, a businessman behind several companies under Muller Industries, including Mu...

Apr 30 , 2021

Awash Strikes Deal with Growing Money Platform to Reach Unbanked Population

The fastest-growing mobile money provider in the Somali Region, Rays Microfinance, the creator of Sahay, has partnered with Awash Bank to expand its operations in Addis Abeba and pastoralist areas of...

Apr 30 , 2021

New Oxygen Plants Arrive to Alleviate the Spike in Demand

The opening of two oxygen plants has brought some relief to the severe shortage of medical oxygen currently plaguing hospitals and medical centres, particularly in light of the Novel Coronavirus (COVI...

Apr 30 , 2021

Coffee Processor Looks to Boost Value-Added Exports

Hebron Ethiopia Trading Plc, a company operating in Yirgalem Agro-Industrial Park, is gearing up to begin the production of coffee capsules used for brewing espressos with an investment capital of 80...

Apr 30 , 2021

Local Investors Open Camel Milk Processing Plant

A processing plant for camel milk is bracing to start production soon, after an investment of 70 million Br, almost half it obtained as a loan from the state-owned Development Bank of Ethiopia (DBE)....

Apr 30 , 2021

Second Interest Free Bank Acquires 130m Br Headquarters

Ethiopia's second interest-free bank has debuted service in a building it acquired for 130 million Br, located in the Olympia neighbourhood. Hijra Bank is the first-ever financial institution to bu...

May 1 , 2021

Ethiopia's Economy Back to Pre-COVID Level: WB

Ethiopia's economy recovers from the impacts of COVID-19 despite a fall in foreign direct investment and a slight decline in export proceeds, reads the latest economic update from the World Bank (WB)...

Apr 24 , 2021

SIGNED IN DELIGHT

Finance Minister Ahmed Shide (left) and Ousmane Dione (centre), World Bank country director, saunter out of the halls of the former's headquarters on King George VI St., Sidist Kilo area, following th...

Apr 24 , 2021

International Wheat Procurement Falters, Again

The federal government's bid to import desperately needed consumer goods seems to be going from bad to worse as procument processes to buy wheat, sugar, and rice faltered last week. Only one suppli...

UTILITY MONOPOLY TO ENHANCE ELECTRICITY DISTRIBUTION IN ADDIS ABEBA, OUTSKIRTS

The Ethiopian Electric Utility (EEU) is set to kick off the construction of power lines in two weeks in Holleta, 35Km away from Addis Abeba, at a projected cost of 10 million Br. The primary enhanc...

Apr 24 , 2021

Ethio Life Records Lacklustre Year

Shareholders at Ethio Life & General Insurance (ELiG) saw their returns drop for the second year in a row after the firm reported a disappointing performance for the year ended June 30, 2020. Its...

Apr 24 , 2021

Abay Bank Looks to Dive into Digital Arena

Abay Bank is entering into a partnership with AirfPay, a fin-tech company that provides digital solutions, to launch a mobile POS (m-POS) service in the coming weeks. ArifPay is part of an emerging...

Apr 24 , 2021

Co-working Facilities on the Rise in Addis Abeba

Adore Addis, a co-working space in the Bole Atlas area, is set to be fully launched in two months, developing an area covering 700sqm. It lies inside an eight-story building and aims to provide a shar...

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