Fortune News

FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New

Fortune News

May 2 , 2020

Bill Proposes Formation of Digital Council

The new electronic transaction bill proposes the formation of the national Digital Economy Council, which will be tasked with advising the government on building an economy that is based on digital co...

May 2 , 2020

Eka Kotebe Hospital Gets Cardiac Surgeon as CEO

Yared Agdiew (MD), a pediatric cardiac specialist, has taken the helm at Eka Kotebe Hospital and is starting his tenure on the front lines of the fight against the Novel Coronavirus (COVID-19). The...

May 2 , 2020

Swiss Inn Nexus Hotel Announces Wage Cut

While the Novel Coronavirus (COVID-19) pandemic continues to disrupt the worldwide economy, Swiss Inn Nexus Hotel has decided on a 40pc cut of employee wages this month. The management of the Hotel...

May 2 , 2020

Ethiopia Hires Danish Firm for Assela Wind Farm

The government has hired Siemens Gamesa Renewable Energy, a Danish firm, to install the 29 turbines for the Assela I Wind Project for 143 million euros. Officials from Ethiopian Electric Power (EEP...

May 2 , 2020

New Poverty Figures Shed Light on Rural-Urban Divide

In early April, as the World Bank Group (WB) was busy throwing lifelines to governments to deal with the ravages of the Novel Coronavirus (COVID-19) pandemic, a landmark study on poverty rates in Ethi...

May 2 , 2020

Ethiopia's Readiness for COVID-19 Ranks Low: Report

The United Nations Development Programme's (UNDP) latest report, "COVID-19 Human Development, Exploring Global Preparedness & Vulnerability," demonstrates that the impact of the Novel Coronavirus...

May 1 , 2020

IMF Approves $411m in Emergency Assistance

The Executive Board of the International Monetary Fund (IMF) has assented to 411 million dollars under the Rapid Financing Instrument (RFI) to address urgent balance of payments pressure and create fi...

Apr 25 , 2020

ODD POLICY

With schools closed, most public service employees asked to stay home, and many businesses having closed their doors, the streets of Addis Abeba have emptied significantly over the past weeks. But the...

Apr 25 , 2020

Agency Pleads for 3b Br Bailout for Small, Medium Enterprises

The federal agency that oversees small and medium enterprises has asked for a three billion Birr bailout from the government to rescue the businesses endangered by the economic recession caused by the...

Private Energy Firm, Gov't at Loggerheads Over Debre Birhan Wind Project

Terra Global Energy Developers, a California-based energy company, has been embroiled in a dispute with the government over the Debre Birhan Wind Project, which was recently added to the list of proje...

Apr 25 , 2020

Hotel Occupancy Rate Hits Rock Bottom

The hotel room occupancy rate in the capital has fallen sharply to two percent for the first time in years, according to the latest survey conducted by the Addis Abeba Hotel Owners Trade Sectoral Asso...

Apr 25 , 2020

Ministry Orders Schools, Parents to Decide on Fees

Amid a heated standoff between parents and private schools over tuition, the Ministry of Education has ordered schools and parent committees to sit down and make decisions on payment. The two parti...

Apr 25 , 2020

Local Tech Firm Launches E-Learning Platform

Winner System, a subsidiary of Winner Industrial Engineering, has developed the Online Learning Management System to help higher education students and teachers continue classes during the Novel Coron...

Apr 25 , 2020

Ethiopia Limits Funerals to 50 People

If approved by the Council of Ministers, a new directive will allow a maximum of just 50 people to attend funeral ceremonies. Drafted by the Ministry of Health, the directive limited the number of...

Apr 25 , 2020

Ministry Solicits Additional Budget of $250m

The Ministry of Agriculture, which completed its budget ahead of the project period, has pleaded for additional financing of 250 million dollars from the World Bank for the Second Agricultural Growth...

Apr 25 , 2020

Bale Robe Kicks Off First Ever Inner-City Asphalt Road

Alemayehu Ketema General Contractor, a local grade-one firm, secured a project to construct the first ever, inner-city asphalt road in Bale Robe town, Oromia Regional State, for 1.1 billion Br. The...

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