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Fortune News

May 31 , 2020

Tigray Regional State Rolls out New Structure

The Tigray Regional State government has begun undertaking structural reforms by shrinking public offices and decentralising its top-down structure. Hoping to increase the efficiency of the regiona...

May 31 , 2020

Top Water Seals 20-year Saudi Arabian Deal

Abebe Dinku Water & Non-Alcoholic Beverages, a bottler of one of the newest waters, Top Water, has closed a 20-year deal with a Saudi Arabian company to export water. Abebe Dinku signed the dea...

May 31 , 2020

North Gonder Invests 22.5m Br in Sport Facilities

The Administration of North Gonder Zone has invested 22.5 million Br in the construction of an athletics centre and small stadium in two towns. The athletic centre, which is set to be built in Daba...

May 23 , 2020

WADING THE NILE

Failing to reach an agreement on the filling of the Grand Ethiopian Renaissance Dam (GERD), the three main protagonists of the dispute, Ethiopia and the two downstream countries, Egypt and Sudan, have...

May 23 , 2020

Ministry to Avail 5pc of Ethio Telecom to Public

The Ministry of Finance has decided to avail a five percent stake in Ethio telecom to the public with a cap on the number of shares an individual can buy. The minority share of the telecom company wil...

May 23 , 2020

Bankers Call for Higher Denomination Bank Notes

The Ethiopian Bankers Association, the consortium of all commercial banks, has asked the government to issue banknotes in higher denominations, including 200 and 500 Br notes. The 0.4pc average wee...

May 23 , 2020

State Broadcaster Appeals for 191m Br Cash Injection

The Ethiopian Broadcasting Corporation has requested a 191-million-Br cash injection from the government for the payment of employees and satellite fees. The state broadcaster has been facing challeng...

May 23 , 2020

Ethiopia to Steer Economy Through Tech-led Growth

The Ministry of Innovation & Technology tabled a digital economy strategy that is designed to lead the economy toward tech-led growth to the Council of Ministers for a final blessing. The 157-p...

May 23 , 2020

Abyssinia Bank Employees Give Hand to Victims of COVID-19

Employees from the East Addis District of Bank of Abyssinia have donated food supplies worth close to half a million Birr to various low-income households most impacted by the Novel Coronavirus (COVID...

May 23 , 2020

Chinese Firm Seals Deal to Power Railway Project

The government has hired a Chinese company to build four power substations for the Awash-Hara Gebeya Railway project for close to 214 million Br. Ethiopian Electric Power (EEP) signed a contractual...

May 23 , 2020

Institute to Use Respiratory Protective Device

In a bid to address the scarcity of N95 respirators, Addis Abeba University's Institute of Technology has started reprocessing used masks using an ultraviolet or UV light decontamination process. W...

May 23 , 2020

Commission Launches Irrigation Dam Worth 4.3b Br

The Irrigation Development Commission has hired two local companies to build the Kaza Irrigation Dam project in Western Tigray Regional State for 4.3 billion Br. Having a 55m height and 2.5Km lengt...

May 23 , 2020

Local Tech Company Develops Online Learning Portal

A local tech company has developed a portal to help students of public schools obtain access to educational resources online and assist them in studying during the Novel Coronavirus (COVID-19) pandemi...

May 23 , 2020

Local Food Processing Firm Expands with 350m Br

A local food processing company has invested 350 million Br to expand a flour processing, pasta and biscuit manufacturing plant in Adama, Oromia Regional State. Set to be built on 20,000Sqm of land, t...

May 20 , 2020

Central Bank Hopes Cash Withdrawal Limits Promote Non-cash Payment Instruments

The central bank's imposition of limits on cash withdrawals by savers and businesses targets payment instruments other than cash, thereby mitigating liquidity crunches and reducing note printing costs...

May 16 , 2020

BACK ON THE STREETS

Gradually, people are coming out of their homes. Streets that were once all but quiet, such as Megenagna roundabout (in picture), are filling with people once again. This time the streets are populate...

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