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Fortune News

Commercial Bank to Request 17b Br Liquidity Injection

The board of directors of the Commercial Bank of Ethiopia (CBE) is about to request a 17-billion-Br liquidity injection from the Ministry of Finance in the form of paying back a portion of state-owned...

May 16 , 2020

Three Firms Win Deal to Supply Wheat Worth $128m

Three overseas companies won a bid to supply 600,000tn of wheat that will be used for market stabilisation and emergency responses. The government will spend 127.9 million dollars for the procurement...

May 16 , 2020

Central Bank Temporarily Suspends Foreclosures

The National Bank of Ethiopia (NBE) has temporarily suspended commercial banks from foreclosing on the properties of defaulted borrowers. The suspension will remain active for three months. In a ci...

May 16 , 2020

Bunna Bank, Insurance Acquire Headquarters

Bunna International Bank and Bunna Insurance have invested 285 million Br and 130 million Br, respectively, to acquire two separate buildings as their headquarters. Bunna Bank bought an eight-store...

May 16 , 2020

US Pledges $230m for Multisector Development Projects

Ethiopia has received a 230-million-dollar grant from the United States through a partnership agreement for the development of agriculture, education, economic growth and good governance. Donated t...

May 16 , 2020

Rorank Reviews Decision to Lay Off 148 Employees

After conducting negotiations with representatives of the labour union, Rorank Business S.C., a company that makes alcoholic spirits including the SuperEagle and Crystal brands, has reconsidered emplo...

May 16 , 2020

Institute Takes Special Permit Process Online

A team of eight tech experts under the Technology & Innovation Institute have developed an online system to process special permits for private vehicles to be used daily during the state of emerge...

May 16 , 2020

Commission Set to Digitise Labor Market Information System

The Jobs Creation Commission has partnered with two overseas institutions to digitalise the country's labour market information system for a total investment of one million dollars. The Commission...

May 16 , 2020

Ambo to Get Irrigation Dam

The Oromia Regional State has started the construction of an irrigation dam in Ambo town of West Shoa Zone, a project expected to cost 3.2 billion Br. The Dam is designed to irrigate about 5,000ha of...

May 9 , 2020

MESQEL SQUARE UNDONE

A blue corrugated sheet metal was placed about a week ago in front of an area that is considered historically, culturally and religiously significant - Mesqel Square. The reason for this would only be...

May 9 , 2020

Central Bank Avails 16B Br to the Commercial Bank

The board of directors of the National Bank of Ethiopia (NBE) has availed 16 billion Br to the state-owned Commercial Bank of Ethiopia (CBE), amounting to 0.5pc of the country's GDP. The cash injec...

May 9 , 2020

Ethiopia Scales Up Urban Productive Safety Net Project

The government and the World Bank have scaled up the Urban Productive Safety Net Project, increasing the number of cities and beneficiaries under the programme. For the project, which will be imple...

May 9 , 2020

UNDP Backs Innovators Solving COVID-19 Problems

The United Nations' global development network has allocated one million dollars for tech-savvy and innovative youth that will develop homegrown solutions helpful in the fight against the Novel Corona...

May 9 , 2020

Temporary Shelter for Homeless Opens in Meqelle

The joint efforts of local NGOs and Meqelle University has established a temporary shelter in Meqelle, Tigray Regional State for the homeless to protect them from Novel Coronavirus (COVID-19). The...

May 9 , 2020

Ministry Introduces PPP Scheme for Animal Quarantine

The Ministry of Agriculture has started the process of administering animal quarantine centres in partnership with private investors through a Public-Private Partnership (PPP) approach. The approac...

May 9 , 2020

Regional Court Sentences Ex-Tiret Board Chair, Executive

After a year-long court battle, the Regional Supreme Court sentenced Bereket Simon, former board chair, and Tadesse Kassa, a former executive of Tiret Corporate, to six and eight years in prison, resp...

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

Fortune News

Commercial Bank to Request 17b Br Liquidity Injection

Three Firms Win Deal to Supply Wheat Worth $128m

Central Bank Temporarily Suspends Foreclosures

Bunna Bank, Insurance Acquire Headquarters

US Pledges $230m for Multisector Development Projects

Rorank Reviews Decision to Lay Off 148 Employees

Institute Takes Special Permit Process Online

Commission Set to Digitise Labor Market Information System