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Fortune News

Jun 14 , 2020

Authority Drafts Law to Regulate Telecom Service Quality

The Ethiopian Communications Authority, the telecom and radiofrequency regulatory body, drafted a directive that requires local telecom operators to submit a quarterly quality of service report. Th...

Jun 14 , 2020

Chaka Coffee Feeds 300 People

Chaka Coffee, one of the coffee shops and cafes in the capital, has started feeding 300 people whose lives have been affected due to the Novel Coronavirus (COVID-19) pandemic once a day. The benefi...

Jun 14 , 2020

Authority Spends 25.8b Br on Roads Ahead of Fiscal Year Closing

Seven local and three Chinese companies have inked deals with the Ethiopian Roads Authority (ERA) for the construction of 1,022Km worth of road projects for a total of 25.8 billion Br. The projects we...

Jun 10 , 2020

Inquiry Council Recommends Term Extension for Upper, Lower Chambers Until Next Election

The Council of Constitutional Inquiry has recommended extending the terms of members of parliament, the House of Federation and regional councils as well as federal and regional executives until the s...

Jun 6 , 2020

THE LAST RESORT

It is hard to tell from its façade, but the hotel and hospitality industry is not well. Devastated by a steep decline in occupancy rates, the management of Ambassador Hotel has been forced to shave o...

CBE Solicits over 90b Br to Attend Credit Demand

Directors of the the Commercial Bank of Ethiopia (CBE) have asked the Ministry of Finance to provide over 90 billion Br to address its credit demand, which has not been quenched by mobilised deposits...

Jun 7 , 2020

Bill Clears Way for Postal Enterprise to Take up e-Commerce

A new bill is in the making to enable the 125-year-old state-run postal service provider to operate as a non-financial institution and carry out e-commerce services. Drafted by the Ethiopian Commun...

Jun 7 , 2020

MIDROC's Industrial-Scale Bakery Reaches Final Stage

Sheger Bread & Flour Factory, an industrial-scale bakery built by MIDROC's Horizon Plantations Plc, is set to start baking bread this week. Built for 900 million Br within a 10-month period, th...

Jun 7 , 2020

Local Company Refurbishes Hibret Bank Logo

A local branding agency Studionet Plc has refurbished the 22-year-old logo and brand of Hibret Bank, one of the oldest private commercial banks. With the rebranding, the Bank will also stop using U...

Jun 7 , 2020

Agriculture Ministry to Import Dairy Cattle Breeds

The Ministry of Agriculture has started the process of importing two dairy cattle breeds with an estimated 30 million Br in support from the World Bank Group. The Ministry is importing 75 Jersey an...

Jun 7 , 2020

Headline Inflation Falls to 19.8pc

After three consecutive months of spikes, headline inflation dropped by three percentage points last month, according to the latest Consumer Price Index from the Central Statistical Agency (CSA). H...

Jun 7 , 2020

Heineken Provides Food Aid across Three Cities

Heineken Breweries, one of the largest producers of beer in the country, has spent 1.4 million Br to support 1,400 households encountering economic difficulties due to the Novel Coronavirus (COVID-19...

Jun 7 , 2020

Standard Agency Bars Polythene, Latex in Face Masks

Ethiopian Standard Agency has drafted a new standard that prohibits the use of polythene materials and latex as inputs for cloth face masks for public use. The Agency prepared the first-ever cloth...

Jun 7 , 2020

Abyssinia Bank Gives Pensioners a Hand

The Bank of Abyssinia has donated 7.7 million Br worth of personal protective gear and sanitary materials to 37,000 private and public pensioners that receive payments through the Bank. The Bank do...

Jun 7 , 2020

Transport Ministry Starts COVID-19 Safety Inspection

The Transport Ministry has deployed a team of professionals tasked with ensuring the consistent implementation of health standards across the transport sector of the country. The professionals were...

Jun 3 , 2020

'Not Too Expansionary'

The Ministry of Finance has drafted a bill that proposes 470 billion Br for next year's federal budget, a figure highly influenced by fears of the repercussions the Novel Coronavirus (COVID-19) could...

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