Fortune News

FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New

Fortune News

Jan 30 , 2021

Council Establishes Corp. to Absorb Residual Debts

The Council of Ministers approved a regulation that will establish the Liability & Asset Management Corporation, which will be soaking up debts owed by state-owned enterprises to external lenders...

Jan 30 , 2021

Ethio-Re Celebrates Another Profitable Year

The nation's first reinsurance firm, Ethiopian Reinsurance S.C., aka Ethio-Re, made a huge profit in the last fiscal year for the second year running. Ethio-Re bagged 164.6 million Br in net profit, a...

Jan 30 , 2021

Roads Authority Debars Four Financial Institutions

Four financial institutions face a ban from issuing any guarantees and securities for construction companies hired for projects under the Ethiopian Roads Authority (ERA). The letter signed by Habtamu...

Jan 30 , 2021

Second Interest-Free Bank Welcomes Founding CEO

The National Bank of Ethiopia (NBE) has approved the first president of the nation's second fully-fledged, interest-free bank (IFB), Hijra. Dawit Keno, who has been serving at Commercial Bank of Ethio...

Jan 30 , 2021

New Luxury Apartments on the Horizon

Metropolitan Real Estate is set to break ground on a new luxury apartment site near the African Union Headquarters in Sarbet. The 19-storey apartment project is expected to be launched in March with a...

Jan 30 , 2021

Ministry Lifts Price Caps for Private COVID-19 Healthcare

In an updated manual for the regulation of private healthcare, the Ministry of Health has lifted previously imposed price caps on the provision of COVID-19 healthcare in hospitals. The amendment from...

Jan 23 , 2021

TIMKET BLASTS

With celebrants dressed in white, prominently carrying the flag of the Ethiopian Orthodox Tewahedo Church, horns were blared and drums struck for the celebration of Timket last Tuesday. On the days pr...

Ethio Telecom Hires Business Valuator

Ethio telecom, the lone telecom operator, hired KPMG East Africa to conduct its business valuation. Kicked off earlier this month, determining the market value of the entire businesses of the company...

Jan 23 , 2021

Stock Exchange to be Operational through PPP

The first securities exchange, where traders can buy and sell securities such as company stocks and bonds, will be established as a share company through a partnership of the public and private sector...

Jan 23 , 2021

Ministry Vitiates Oil Importer's Trade Name

The Ministry of Trade & Industry has ordered the cancellation of Muleg Oil Importer's trade name. The company has been in a dispute with Mullege Plc, the nation's fifth-largest coffee exporter, fo...

Jan 23 , 2021

Deloitte to Map Out Awash Insurance's Strategic Plan

Awash Insurance Company (AIC) has come to an agreement with Deloitte East Africa for the latter to design a 10-year strategic plan and a 10-year performance road map dubbed "Transforming Awash Insuran...

Jan 23 , 2021

Local App Joins CBE to Digitise Agriculture

The state giant commercial bank has partnered with a local company that works on agricultural mechanisation and solutions for transforming the way farmers in rural areas procure products and services...

Jan 23 , 2021

Nib Surpasses Industry Average Growth Rate

Nib International Bank registered a remarkable profit growth in the last fiscal year, surpassing the industry average growth rate of 33pc. Its net profit expanded by 44pc to 1.04 billion Br. The pr...

Jan 23 , 2021

Berhan Amps Up Profit, Shareholder Return

Berhan Insurance, one of the latest entrants in the insurance industry, registered remarkable growth over the past fiscal year. Its net profit reached 33.7 million Br, marking a 27.6pc rise from the p...

Jan 16 , 2021

CEMENTED FATE

Bags of cement are stacked up high in Megenagna, one of the more famous retailing areas in Addis Abeba. But the closed warehouses in the photo betray the turbulence of a market where production is low...

Jan 16 , 2021

Universities to Undergo Accreditation Assessments

The federal agency in charge of education quality assurance has begun reviewing the quality of all 51 public universities in the country for accreditation. The universities have been operating without...

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