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Fortune News

Jan 9 , 2021

Inflation Reaches Lowest Rate of Fiscal Year

The prices consumers paid for widely used goods and services in December clocked in at 18.2pc higher than a year ago, marking this fiscal year's lowest rate. The inflation rate registered a 0.8 percen...

Jan 2 , 2021

WHAT DOES NOT KILL YOU …

There was political unrest, the displacement of hundreds of thousands, high profile assassinations, including the army chief and a regional president, and the crash of Flight 302 near Addis Abeba that...

Jan 2 , 2021

Ministry Revamps Two-Decade-Old Industrial Policy

With the assistance of a New York-based consulting firm, the Ministry of Trade & Industry has started revamping the nation's two-decade-old industrial policy. Initiated last March, the policy is e...

Some Negotiations Remain Pending, Continental Free Trade Bloc Takes Off

The much anticipated continental-wide free trade area for Africa has been launched beginning January 1, 2021. However, negotiations are still ongoing as to what degree and how early African countr...

Jan 2 , 2021

Debub Global Avails Two New Premium Branches

Debub Global Bank, one of the youngest banks, has launched two new premium branches at a cost of approximately five million Birr. The two branches that were launched at the end of last week will repla...

Jan 2 , 2021

Central Bank Approves Enat's New President

The National Bank of Ethiopia (NBE) has approved Ermias Andarge as the third president of Enat Bank beginning December 31, 2020. Ermias served as vice president of Enat for the past six years before r...

Jan 2 , 2021

Lion Insurance Sustains Profit, Controls Claims

Lion Insurance netted 51.8 million Br in profit over the last fiscal year, recording a 21pc rise from the preceding year. Though the firm registered remarkable growth, it was slower than the 44pc rate...

Jan 2 , 2021

New College Breaks Ground with Tech Offerings

The nation's 278th private higher education institution started operations last week following a total investment of about 25 million Br. Business Innovation Technology Systems College (BITS) will pro...

Jan 2 , 2021

Ministry Puts in Place Revenues Allocation System

A team of experts at the Ministry of Revenues crafted a new system that allows regional offices to closely monitor their share of revenues they receive from the federal government along with its sourc...

Jan 2 , 2021

Corporation Picks Five Industrial Hub Sites

The government has chosen five new places as major sites for industrial development in the coming two decades after only recently announcing it has stopped the construction of industrial parks. Bahir...

Dec 26 , 2020

CAN THEY REFORM?

In step, Chief Justice Meaza Ashenafi (far right) marches from the podium with new board members of the Ethiopian Broadcasting Corporation after swearing them in last Thursday, December 24, 2020. Oppo...

Dec 26 , 2020

Ministry Waives 14.5b Br in Taxes, Customs Duties

The Ministry of Finance waived 14.5 billion Br in accumulated tax and customs duties that have been imposed on companies for various imported items. The waiver, which includes penalties and fines, was...

Board Adds Dukem Depot to PPP Projects

The board of the Public-Private Partnership, which is chaired by Minister of Finance Ahmed Shide, approved the construction of the country's largest depot through the joint investment of the governmen...

Dec 26 , 2020

Committee Arises to Assess Damaged Investments

The Office of the Prime Minister has formed a high-level committee that will assess the damage suffered by investments and business entities due to instability in the country. With four institutions a...

Dec 26 , 2020

Enat Bank Bags Modest Profit, Yet EPS Slides

Enat Bank registered 208.6 million Br in profit over the last fiscal year, a modest 3.5pc increase from the previous year. The Bank's profit growth rate has slowed down compared to the preceding year...

Dec 26 , 2020

Commission Delays Long-Awaited Prosecution Mandate

The draft Ethics & Anti-Corruption Commission law tabled to parliamentarians last week has excluded a mandate to prosecute — the addition that initiated the revision. Forwarded to the standing c...

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