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Fortune News

Nov 29 , 2020

Law Sets Tariff Modes for Off-Grid Electricity

A new draft directive that outlines guidelines for setting and reviewing mini-grid electricity tariffs is making its way toward legalisation. Drafted by the Ethiopian Electric Authority, the directive...

Nov 29 , 2020

Development Bank Sees Top Level Reshuffle

The Development Bank of Ethiopia (DBE), the state policy bank, has appointed two vice presidents. Yilma Abebe, the Bank's internal audit director, was promoted to vice president in charge of small &am...

Nov 29 , 2020

Bunna Insurance Maintains Profitability, Yet Rate Slides

Bunna Insurance, one of the youngest insurance firms in the country, has netted 20 million Br in profit during the last fiscal year. The net profit, however, was 25pc lower in comparison to the preced...

Nov 29 , 2020

City Commences Well Drilling to Bridge Supply Gap

Eleven water wells that are expected to supply an additional 33,000 cubic metres of water to the capital are scheduled to start operations this coming January. The projects were awarded to four local...

Nov 29 , 2020

National Convention Bureau Gears Up for Launch

Ethiopia Convention Bureau, an agency in charge of attracting business and conference tourists to Ethiopia, will hold a national launching event in January with the slogan "Meet in the Land of Origins...

Nov 21 , 2020

FIFTH QUEEN OF MIDROC

Jemal Ahmed (left), managing director of Horizon Plantations, leads the charge in showing off to the city's Deputy Mayor, Adanech Abiebie (centre), its latest offering: a new supermarket. An event tha...

Nov 21 , 2020

On Ethiopia’s Debacle, Washington Speaks in Multiple Voices

From American foreign policy bigwigs to legislators in the Senate, statements coming out of Washington, DC, on Ethiopia's current conflict lack unanimity and in some cases are contradictory. It is a m...

Sep 1 , 2021

Central Bank Suspends Accounts Opened in Tigray State

The National Bank of Ethiopia (NBE) has ordered all bank accounts that have been opened in Tigray Regional State frozen. With the new procedure, an individual living in any part of the country cannot...

Nov 21 , 2020

Humanitarian Crisis Looming in North

Amidst a humanitarian crisis in Tigray Regional State, the federal government has deployed a fact-finding mission that will be looking for corridors of safe transit for humanitarian aid to the people...

Nov 21 , 2020

Nile Insurance Registers Modest Growth

The net profit of Nile Insurance, a 25-year-old firm, marginally increased by one percent to 112.1 million Br in the last fiscal year. The profit rise of Nile is lower compared to the preceding year's...

Nov 21 , 2020

Assembler Launches Dual-Purpose Three-Wheeler

Horra Adama Automotive Assembly Arena (H4A), a local vehicle assembler, has launched a new three-wheel model dubbed Maxima Z with an engine capacity of 236cc. The new model can be used for dual-purpos...

Nov 21 , 2020

Delay in Digitisation Disrupts Third-Party Insurance Scheme

The sluggish digitisation process at the Insurance Fund Administration Agency has resulted in a scarcity of vehicle insurance policies against third-party risks. Insurance companies have now run out o...

Nov 21 , 2020

Ethiopia's Silicon Valley Adds Four Data Centres

Four new data centre companies have secured land to make their home at Ethio ICT Park, Ethiopia's Silicon Valley. Raxio Data Plc, RedFox Web Solution, ScutiX and Wingu.africa have signed a memorandum...

Nov 21 , 2020

Oromia Insurance Picks Chinese Firm to Build HQs

A Chinese state-owned firm that is constructing major buildings in the country has just secured another project to build Oromia Insurance's head office for 1.1 billion Br. Jiangxi Corporation for Inte...

Nov 14 , 2020

FUEL TO THE FIRE

As violent conflict is raging in the northern part of Ethiopia, Redwan Hussein, the spokesperson for the state of emergency task force, was formal as he briefed members of the media on the current sta...

Nov 14 , 2020

Authority Edges Closer to Floating Telecom License Bid

The first five directives that will enable the Ethiopian Communications Authority to launch a request for proposal for the issuance of two new telecommunication licenses are set to be approved in 10 d...

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