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Fortune News

Jan 25 , 2020

Ethiopia Unveils Mega Irrigation Projects

About a dozen large-scale irrigation projects are to be launched by the federal government under public-private partnership agreements, estimated to cost two billion Birr. The National Irrigation T...

Public Institutions Trail Audit Deadlines

About 15 state-owned enterprises lag audit report deadlines by two to seven years, according to the Office of the Auditor-General. Out of the Enterprises, the Ethiopian Sugar Corporation topped the...

Jan 25 , 2020

Oromia Insurance Boosts Profit, Capital

Despite a notable improvement in profitability, the earnings per share (EPS) of Oromia Insurance saw a marked decline in the last fiscal year. The company's profit after tax went up by 20pc to 87....

Jan 25 , 2020

Hidase Gears up for Headquarters Construction

Hidase Telecom, a local telecom products and services distributor, started the construction of a mixed-use headquarters and business complex for an estimated half a billion Birr investment. The hea...

Jan 25 , 2020

Debub Global Increases Shareholder Return to Industry Average

Debub Global Bank raised its earnings per share (EPS) last fiscal year, leveling it with the industry average. The Bank was able to boost its EPS by more than a double-digit figure as a result of a...

Jan 25 , 2020

Oldest Laboratory Builds New Headquarters

One of the oldest and prominent clinical laboratories, Arsho Medical Laboratory constructed a headquarters building with 55 million Br in investment. Resting on a 945Sqm plot of land leased for app...

Jan 25 , 2020

Bishoftu Automotive Scales up Assembly Plant

Bishoftu Automotive Engineering Industry, a wing under the state-owned industrial conglomerate, has completed an expansion of its workshops by investing 173 million Br to double its assembly capacity...

Jan 25 , 2020

Lucy Insurance Head Departs

Tefera Wondimu, CEO of Lucy Insurance, resigned from his post on February 2, 2020, after serving the company for 22 months. The board of the company appointed Tewodros Teklu, the executive officer...

Jan 25 , 2020

Revenues Ministry Loses Case to Faffa Foods

The Ministry of Revenues lost a court wrangling it had with Faffa Food S.C. over a 5.8 million Br Value Added Tax (VAT) refund. The Federal High Court ruled in favour of Faffa Food, reversing the v...

Jan 18 , 2020

Years From Hilton

Mulatu Teshome (PhD), former president of Ethiopia, waited outside the main hall of Hilton Addis to greet his successor, Sahle-Work Zewde, last Thursday. Together, joined by Claus Steiner, general man...

Jan 18 , 2020

Years From Hilton

Jan 18 , 2020

Central Bank Avails 9b Br to Ease Liquidity Crisis

For the second time in a month, the National Bank of Ethiopia (NBE) availed a nine-billion-Br loan to cash-strapped commercial banks at a competitive bidding interest rate. The central bank, which...

Jan 18 , 2020

Audit Reveals Mismanagement of 44b Br in Public Funds

An audit conducted on close to 2,000 projects extending four years revealed mismanagement of over 44 billion Br, according to a report tabled to the parliament. Presented by the Office of the Audit...

Consumer Authority Powers Up

A bill that will empower and clarify the major roles of the Trade Competition & Consumer Protection Authority reached the final stage. Drafted by the Authority and the Ministry of Trade & I...

Jan 18 , 2020

Bill Proposes Complete Ban on Plastic Bags

A new bill that completely bans the use of single-use plastic shopping bags for both commercial and household purposes is expected to be tabled to the Council of Ministers this week. Drafted by the...

Jan 18 , 2020

Amid Doubts in Transit, Fertiliser Reaches Djibouti Port

Amid a shortage of trucks to transport imported goods between the port and the country, two ships that carry fertiliser for the coming farming season arrived at the Port of Djibouti. Fifty-thousand...

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