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Fortune News

Apr 4 , 2020

Hawassa Industrial Park Scales Down Production

Close to half of the industries operating at the Hawassa Industrial Park (HIP) stopped production this week due to a widespread slowdown in the global economy after the outbreak of Novel Coronavirus ...

Apr 4 , 2020

Businesses in Tigray to Bid for Welkait Sugar Estate

The Tigray Chamber of Commerce & Sectoral Associations has started mobilising investors to take part in the bidding process for the privatisation of Welkait Sugar Plant. The sugar plant is one...

Apr 4 , 2020

Taxi Hailing Firm Diverts to Courier Service

Ethiopia Taxi (ETTA), one of the first taxi-hailing service providers, has diversified into providing courier services with its latest creation, Zmall, an e-commerce and delivery application. ETTA...

Apr 4 , 2020

Local Firms Germinate Bamboo Seedlings to Combat Erosion

Jacaranda Integrated Agro-industry, a local company engaged in agricultural husbandry, has started germinating 100,000 bamboo seedlings to be distributed to farmers. The seedlings are germinated at...

Apr 4 , 2020

Abay Bank Waives Fees on Loan Rescheduling, Early Settlement Charges

Abay Bank has waived fees that have been imposed on loan rescheduling, early settlement charges as well as ATM transaction fees as of the beginning of this month. The Bank, which also decided to re...

Apr 3 , 2020

Headline Inflation Hits 22.6pc Rate

The cost of living keeps spiking and reached the highest rate in a six-year period by increasing 22.6pc last month, according to the latest Consumer Price Index from the Central Statistical Agency (CS...

Apr 3 , 2020

Korean Business Association, NGO Donate 40,000 Medical Masks

The Korean Business Association and Good Neighbors, a Korean NGO, have donated 40,000 medical masks for employees working at the city and federal governments in order to protect them from the spread o...

Apr 3 , 2020

Confirmed COVID-19 Cases Hit 35

The number of people who have contracted the Novel Coronavirus (COVID-19) in Ethiopia has reached 35, Lia Tadesse (MD), minister of Heath, disclosed today. See All Our Coronavirus Coverage in One P...

Apr 3 , 2020

Zemen Bank Cuts Loan Interest Rate to Zero for Horticulture Industry

Executives at Zemen Bank took the banking industry by surprise, cutting interest on commercial loans for borrowers in the horticulture industry to zero. The new rate applies to loans and advances take...

Apr 1 , 2020

Oromia Bank Joins Fight to Combat Spread of COVID-19

Oromia International Bank has joined the commercial banks that have contributed donations to the national mobilisation fund to ward off the potential spread of the Novel Coronavirus (COVID-19). The...

Apr 1 , 2020

Ethiopia Extends Partial Closure of Courts for 23 More Days

The Federal Supreme Court has extended the partial closure of the Federal Courts for an additional 23 working days, announced Chief Justice Meaza Ashenafi. The extension was based on information an...

Mar 31 , 2020

Electoral Board Postpones Election

The National Electoral Board of Ethiopia has announced that it will postpone the upcoming general election due to the effects of the Novel Coronavirus (COVID-19). The Board, in consultation with se...

Mar 31 , 2020

Heineken Commits 3m Br to Support COVID-19 Fight

Heineken Ethiopia donated three million Birr to the national resource mobilisation committee at a handover ceremony that took place at the Addis Abeba City Administration. External Communications &...

Mar 31 , 2020

Dashen Bank Chips in 10m Br for National Emergency Preparedness Fund

Dashen Bank is the latest in a long line of banks chipping in funds for the national mobilisation to ward off the potential spread of the Novel Coronavirus (COVID-19). Its board of directors donated ...

Mar 31 , 2020

Abay Bank Joins Nation's Effort to Avert Spread of COVID-19, Pitching in 3m Br

Abay Bank has joined the list of financial institutions that are giving financial assistance to the national committee that is mobilising resources to ward off the potential spread of the Novel Corona...

Mar 30 , 2020

More Regional States Suspend Inland Road Transport Services

Three more regional states closed their doors for inland road transport services, joining the country's effort in containing the spread of the Novel Coronavirus (COVID-19). Oromia, Amhara and South...

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