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Fortune News

Feb 15 , 2020

Standard Bank Backs Coca-Cola's Expansion

The Coca-Cola Company, which recently invested 16 million Br to add a new production line that makes sugar-free, non-alcoholic malt drinks, secured 50 million dollars in financing from South Africa's...

Feb 15 , 2020

Nestle Pulls out of Water Investment

Nestle Water, a wing of the Swiss multinational company, cut ties with Great Abyssinia Spring Waters after three years of partnership at the end of last month. Nestle Water, subsidiary of the Nestl...

Feb 15 , 2020

Dashen Bank's Profit Grows, Yet EPS Falls Off

Dashen Bank, one of the pioneering private banks, registered a considerable profit growth last fiscal year, yet its earnings per share (EPS) slid slightly due to the sale of more shares. In the las...

Feb 15 , 2020

Despite Profitability, Ethio Life's Shareholder Return Drops

Despite a considerable growth in profit, Ethio Life & General Insurance's earnings per share (EPS) fell by 10pc in the 2018/19 fiscal year. The company netted 25.9 million Br in profit, achievi...

Feb 15 , 2020

New Water Bottler Joins Burgeoning Industry

A new water bottling company joined the growing industry in Danglia town, Awi Zone of Amhara Regional State with a total investment of 62 million Br. Kefeta Spring Water, a new plant founded by Sir...

Feb 15 , 2020

Commercial Bank Procures Money Counters

Commercial Bank of Ethiopia (CBE), the state banking giant, procured cash counting machines from a Korean company for close to 80.2 million Br. Ebanking Technology Co. Ltd, a Korean banknote counte...

Feb 8 , 2020

Pull no punches

Tagesso Chafo (right), the speaker of the House, playfully tugs Demeke Mekonnen, deputy prime minister, after welcoming him at the entrance to the main hall of parliament. The duo, a few minutes later...

Feb 8 , 2020

Ministry Waives Duties on Agricultural Machinery

The directive that exempts imported agricultural machinery and inputs from duties reached the final level. Drafted by the Ministry of Agriculture, the directive has been in the making for the last...

Feb 8 , 2020

Excise Reform Finale

The parliament is due to meet this week to approve the controversial excise tax bill, which recently excluded telecommunications from the taxable items list. The Revenue, Budget & Finance Stand...

Feb 8 , 2020

The Africa List Picks Aviation Guru to Steer Ethiopia Group

The Africa List, a platform that brings leaders together, has picked Girma Wake, an aviation guru as the Working Group Chair for Ethiopia. Girma, the former CEO of Ethiopian Airlines, was named Cha...

Feb 8 , 2020

Selendawa Textile's Fourth Auction Draws No Bidders

The fourth attempt by Commercial Bank of Ethiopia (CBE) to sell the troubled Selendawa Textile Factory bore no fruit, since no buyer showed up during the bid opening date. CBE tried to auction off...

Feb 8 , 2020

Auto Dealer Jumps into Water Bottling, Juice Processing Business

A local automotive importer has ventured into a new industry by setting up a mango juice processing and water bottling business with an investment of 150 million Br. Sendelet Food Processing, a sub...

Feb 8 , 2020

Awash Holds Sway in Banking Industry

Awash Bank continued to lead the private commercial banking industry with its most recent earnings results, amassing a huge net profit and the highest earnings per share (EPS) among competitors. In...

Feb 8 , 2020

Trade Ministry Concludes Dispute Over Pharma Firm

The Ministry of Trade & Industry has rejected a complaint from a New York-based pharmaceutical company, which claimed to be cheated by its local partner. RX Africa filed a complaint letter requ...

Feb 8 , 2020

Development Bank Finances Local Paint Maker

A local paint maker secured a 29.6 million Br loan from the Development Bank of Ethiopia (DBE), the state policy bank, to double production capacity. Bright Paints Factory secured the loan in the m...

Feb 8 , 2020

Berhan Insurance Maintains Growth, Profitability

Berhan Insurance, one of the late entrant insurance firms, managed to increase its net profit by 19pc in the last fiscal year. The company netted 24.4 million Br in profit, and its earnings per sha...

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