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Fortune News

Apr 10 , 2021

Ethiopia Spends Over $660m to Import 1.8m Tonnes Fertiliser

Ethiopia is spending 27.2 billion Br (over 660 million dollars in the current exchange rate) on importing 1.8 million tonnes of fertiliser bought mainly from Morocco but also from Egypt, the UAE and S...

Winning Concession, Industrial Parks Fight against Transactions Cap

Companies operating in the country's industrial parks have raised concerns with the central bank's recently-passed directives that place limits on transactions and retention rates on export earnings....

Apr 10 , 2021

Education Agency Puts Heavy Hand on Unruly Colleges

Half-a-dozen private higher learning institutions have been subject to regulatory action from the federal institution in charge of overseeing higher education quality in the country. The Higher Edu...

Apr 10 , 2021

Partnering Retailers, Dashen Bank Pushes on Digital Boundaries

Diners on outing in Addis Abeba now have the option not to carry cash when they wine and dine at one of Lime Tree restaurant's three joints. They will be issued with Lime Tree Family Card, a collabora...

Apr 10 , 2021

Nyala Insurance to Join "Takaful" Bandwagon

Nyala Insurance S.C. is the latest firm to announce plans to join Takaful, a Sharia-compliant form of insurance business. It has hired AlHuda Centre for Islamic Banking & Economics, a UAE-based in...

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. ...

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