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Fortune News

Oct 3 , 2020

City to Provide Elementary Students with Shoes, Bag

Close to three dozen leather manufacturers will start supplying bags and shoes to students of the public schools in the capital beginning this year. Dubbed the School Shoe and Bag Uniform Project, the...

Oct 3 , 2020

Premier Reshuffles Space Science Top Mgmt

Prime Minister Abiy Ahmed (PhD) has sacked Solomon Belay (PhD), the director-general of the Ethiopian Space Science & Technology Institute, effective September 29, 2020. Abdissa Yilma, who was his...

Sep 27 , 2020

MUTED MESQEL

The Novel Coronavirus (COVID-19) outbreak and a major construction project on Mesqel Square have meant that the annual religious festivities of Mesqel was likely to be underwhelming. The celebrations...

Sep 27 , 2020

Higher Education Regulator Undergoes Major Reform

The federal agency in charge of regulating the higher education sector is set to undergo a major overhaul by restructuring itself to directly report to the parliament or the Office of the Prime Minist...

Hijra Bank's Board Receives Approval

The National Bank of Ethiopia (NBE) has given the green light to the founding board of directors of Hijra, the second under establishment, full-fledged interest-free bank in the country. Issued on Sep...

Sep 27 , 2020

Abyssinia Rolls Out More Virtual Banking Terminals

Moti Engineering Plc, a banking and ICT solutions provider, secured a deal to supply 15 Interactive Teller Machine (ITM) to the Bank of Abyssinia for an estimated 65 million Br. The company has alread...

Sep 27 , 2020

First Coffee College Puts down Roots in Addis

The first institute of higher education that will deliver courses and conduct research solely focused on the coffee industry is setting foot in Ethiopia with an investment of 50 million euros. The...

Sep 27 , 2020

EthSwitch Launches Electronic Payments Interoperability

Anyone who holds a payment card issued by any bank can now make payments at any Point of Sale (PoS) terminal, following the board of the National Bank of Ethiopia's (NBE) approval of the interoperabil...

Sep 27 , 2020

Ethiopia Ends Closure, Fully Reopens to Tourists

The Ministry of Culture & Tourism has announced the beginning of October as the official full reopening date for the country's tourism sector, which has been interrupted for the past six months du...

Sep 27 , 2020

Procurement Agency Reinstates Blacklisted Suppliers

The federal agency in charge of regulating public procurements has removed close to four dozen suppliers from its blacklist. The Agency is also allowing these companies to participate in tenders float...

Sep 19 , 2020

DELUGE OF MISFORTUNE

With their clothes hiked up and most types of vehicles unable to traverse the path, residents trudge along despite the foot-high flooding that stands in their way. They do not have a choice - this is...

Government Ends Sugar Subsidy

The government ended the sugar production and import subsidy scheme at the beginning of the new year. The removal of the subsidy, which had been in force for a decade, means a five Birr retail price i...

Sep 19 , 2020

Abay Bank Launches Digital Payment Platform

Abay Bank, one of the youngest banks in the country, along with Atlas Computer Technology has developed a new payment platform that enables customers to make utility and other payments online through...

Sep 19 , 2020

Banks Cease Local Money Transfer Services

Without any formal communication and direction, commercial banks have entirely stopped local money transfer services following the ongoing currency demonetisation. A person who wants to transfer money...

Sep 19 , 2020

Central Bank Empowers Ethio-Re as Lead Reinsurer

A new directive issued by the National Bank of Ethiopia (NBE) requires insurance companies to receive confirmation from Ethiopian Reinsurance (Ethio-Re) before covering a risk that exceeds 30pc of the...

Sep 19 , 2020

Ethio-Djibouti Railway Vows to Reverse Losses

The Ethio-Djibouti Gauge Railway is set to double the number of freight trains a day to four pairs by November in an effort to break even. It has been functioning with two pairs of freight trains a da...

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