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Fortune News

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...

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...

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