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Fortune News

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...

EDUCATION MINISTRY CANCELS MASK ORDERS

The Ministry of Education has cancelled the contract it gave to five plants at industrial parks to supply 50 million face masks to be disbursed to schools after the plants supplied a little over half...

Jan 16 , 2021

MIDROC Foundation, Ex-manager Dispute Continues

A dispute between MIDROC Foundation Specialist and a former employee and shareholder continues even after a court closed the six-year-old legal wrangling. Although the Court ordered the company to pay...

Jan 16 , 2021

Abyssinia Reintroduces Mobile Wallet

Bank of Abyssinia has replaced its former mobile wallet application with Gizepay, which allows its customers and users to create a mobile wallet account without an account at Abyssinia. The new system...

Jan 16 , 2021

Profits Face Slight Hiccup at Bunna Bank

Bunna International Bank netted 440.3 million Br in profit during the last fiscal year, a 4.6pc decline from the year before. The Bank's earnings per share (EPS) also receded by 21.6pc to 225 Br. T...

Jan 16 , 2021

Investment Income, Claims Cut Boost Abay's Profit

Reduced claims and improved investment income ushered Abay Insurance toward increasing its net profit by 12.3pc to 63 million Br in the last fiscal year. Yet its earnings per share (EPS) declined slig...

Jan 16 , 2021

Ministry Writes Digital Literacy Plan

A federal agency in charge of overseeing higher education and vocational training institutions has crafted a programme to intensify digital skills and learning. Dubbed the National Digital Skills Coun...

Jan 16 , 2021

Local Firm to Accelerate Digital Health Startups

A local tech firm, which works on digital health solutions, is set to incubate 15 tech-based startups with a quarter of a million dollars in funding it secured from the Mastercard Foundation. Orbit In...

Jan 9 , 2021

"THE AIR IS DEAD"

On the eve of the Ethiopian Christmas (Genna), January 6, 2020, a Suzuki truck stood at the entrance of Shola Market with a vendor shouting at the top of his lungs about merchandise with a special dis...

Jan 9 , 2021

Fed Gov't to Fully Administer Concurrent Taxes

A bill that gives the federal government full authority to collect and administer revenues from concurrent taxes reached the final drafting stage. The bill also affirmed that the regional states could...

Long Serving, Founding Head Departs ATA

The founding head of the Agricultural Transformation Agency (ATA) has resigned from office on January 8, 2021. Khalid Bomba believes it is time to move on, allowing leadership to transition to a loc...

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