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Fortune News

Oct 17 , 2020

MIDROC Introduces Pivot Irrigation System to Ethiopia

MIDROC Ethiopia Investment Group has contracted a Saudi Arabian company to supply 244 pieces of agricultural machinery to irrigate farmland for ELFORA and Ethio Agri-CEFT. Alkhorayef Industries will b...

Oct 17 , 2020

Nib Expands ATM Network with NCR Brand

Nib International Bank, one of the oldest banks, has procured 250 automated teller machines (ATM) for an investment of 76 million Br. Moti Engineering, a prominent local technology and banking solutio...

Oct 17 , 2020

Dozens of Gov't Officials Miss Asset Registration Deadline

Only half of the high ranking government officials who failed to register their properties with the Federal Ethics & Anti-Corruption Commission used the second chance they were given for registrat...

Oct 17 , 2020

GIZ, Authority Team up to Support Bamboo Makers

The government of Germany and Ethiopia have partnered to launch a project to finance 30 small and medium-sized manufacturers from five selected regional states to work on bamboo production. Worth 78 m...

Oct 17 , 2020

State Firm Seals Deal to Design Groundwater Dams

The Ethiopian Construction Design & Supervision Works Corporation has secured a deal to supervise the construction of two groundwater dam projects in two regional states at a total cost of 18 mill...

Oct 17 , 2020

Fourth Round COWASH Project Embarks with €18m

The Finnish and Ethiopian governments have committed 18 million euros to launch the fourth phase of a project that works on hygiene and sanitation at the beginning of this coming January. The project...

Oct 13 , 2020

IMF Foresees Over 90m Falling into Extreme Poverty Worldwide due to COVID-19

The global pandemic is set to cause a disturbing slide to extreme poverty and inequality, leading over 90 million people across the world fall below 1.90 dollars daily income, the International Moneta...

Oct 10 , 2020

ONWARD

President Sahle-worq Zewde leads the way to the hall adjacent to the Prime Minister's Office, where the joint legislative houses of the state were gathered to begin their sixth annual session of the f...

Gov't Ponders Unbundling Electric Power

The government is considering a significant structural reform by unbundling Ethiopian Electric Power (EEP), which may see a two-way split where one would oversee power generation and the other would d...

Oct 11 , 2020

Attorney General Files Money Laundering, Usury Suits

Seven individuals and three companies face charges for alleged money laundering, illegal remittance services and usury crimes. The Federal Attorney-General filed the charge, which has eight counts, at...

Oct 11 , 2020

Central Bank Alters Forex Allocation Rules

The National Bank of Ethiopia (NBE) has removed fuel from the list of import items that will get first priority in foreign currency allocation. Now the central bank lists only pharmaceutical products...

Oct 11 , 2020

Fed Mulls Bypassing State To Reach Out To Weredas In Tigray

The House of Federation has delegated the Council of Ministers to assess and outline the details on how the federal government will directly communicate with local institutions in Tigray Regional Stat...

Oct 11 , 2020

TACON vs Prosper Legal Strife Back on Scene

Justices at the Federal Supreme Court have remanded the six-year-old court wrangling between Prosper International and Tekleberhan Ambaye Construction Plc (TACON), reversing the lower court's ruling t...

Oct 11 , 2020

Social Security Agency Moves into 628m Br HQ

The private employees' pension fund agency is set to move to its new headquarters that was built for 682 million Br in the capital's neighbourhood of Megenagna. The Private Organisations, Employees...

Oct 11 , 2020

`Humanitarian Aid Need High, While Funding at Decade Low

Ethiopia has an increasingly high need for humanitarian assistance, estimated at more than 1.4 billion dollars, due to the compounded issues of the Novel Coronavirus (COVID-19) pandemic, locust invasi...

Oct 11 , 2020

Headline Inflation Gauges 18.7pc

Headline Inflation, an indicator of the cost of living, ticked down slightly last month to 18.7pc, according to the latest report from the Central Statistical Agency (CSA). Headline inflation, whic...

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