FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds

Fortune Logo

Fortune News

  1. Home
  2. Fortune News

Feb 6 , 2021

Inflation Continues Runaway Trend

Ethiopia's pace of inflation, the average change in the price for a basket of goods and services that consumers purchase, grew by one percentage point in January to 19.2pc, far higher than the governm...

Feb 6 , 2021

Authority Awards Road Projects with Sizeable Price Gap

A nine-fold difference in the average cost of a kilometre between road projects awarded to local firms by the Ethiopian Roads Authority (ERA) earlier last week raised some eyebrows. The Authority s...

Feb 6 , 2021

Lucy Insurance Springs Back From Profit Plunge

Lucy Insurance reversed the profit decline it faced two years ago and netted 9.5 million Br in profits over the last fiscal year, a 51pc growth from the previous year. Its earnings per share (EPS) hav...

Jan 30 , 2021

SELLING THE PLAN

Finance Minister Ahmed Shide (left) and Seleshi Bekele (PhD) (centre), minister of Water, Irrigation & Energy, walk President Sahle-work Zewde out as she leaves the hall of the United Nations Econ...

Jan 30 , 2021

Central Bank Blacklists Individuals for Alleged Forex Fraud

Authorities at the central bank have ordered all banks to immediately terminate business relationships with 65 individuals suspected of foreign exchange fraud valued at 13 billion Br. The list include...

Berhan Bank Profits on Upswing

Berhan Bank, one of the mid-sized banks, registered noteworthy profit growth in the past fiscal year, ended July 7, 2020. Its net profit recorded a 25pc jump to 551.6 million Br. Parallel to the pr...

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...


Most read

Columns

Commentaries | Aug 29,2026

The Smartest Hectare Planted with Roses

Life Matters | Aug 28,2026

What a Money-Back Guarantee Really Sells

My Opinion | Aug 28,2026

Africa Feeds Itself on Borrowed Fertiliser

Sunday with Eden | Aug 28,2026

The Park We Build. The Fence We Put Inside It

Agenda | Aug 29,2026

Between Tax Authorities, Dealers, Buyers Who Cannot Keep Up

Editorial | Aug 28,2026

The Education Minister Celebrates the Wrong Numbers


         ADVERTISEMENT

Read More

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