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Fortune News

Nov 9 , 2019

Parliament Invites Diaspora Back into Insurance Sector

Three years after financial institutions were ordered to auction off shares owned by non-nationals of Ethiopian origin, parliament passed an amendment to allow Ethiopian diaspora to invest in the insu...

Nov 9 , 2019

Large Pharma Suppliers Forfeit Five Percent of 2018 Revenue

Four out of five of the nation's largest private suppliers of pharmaceuticals have been ordered to pay five percent of their annual revenue generated in 2018. This comes after a case was opened agains...

Nov 2 , 2019

UP IN SMOKE

The dreams and businesses of many went up in smoke in some towns of the Oromia Regional State in the disturbances that started on October 21, 2019. A number of towns including Dodola, Bale Robe, Adama...

Nov 2 , 2019

Consumer Authority, Kana et al Dispute Half-minute Ad

The federal authority in charge of consumer protection and trade competition lost a case against three parties at its own tribunal over a 30-second ad that aired two years ago. Although an altered ver...

Nov 2 , 2019

Inner City Condos Rise to Meet Housing Demand

Signaling a policy change by the Addis Abeba City Administration, Deputy Mayor Takele Uma inaugurated condominium projects that will be built in centre city. The projects are expected to cost the gove...

Nov 2 , 2019

Nine-year Saga of St. Paul’s Maternity Expansion Comes to End

St. Paul's Hospital Millennium Medical College has begun treating patients at its long-awaited maternity and pediatric centre this month. The centre, which will provide care during pregnancy and after...

Nov 2 , 2019

Jobs Commissioner Laments Gov't Job Creation Record

The head of Ethiopia's Job Creation Commission expressed disappointment over the government's track record on job creation. At the Job Creation Summit, held on October 31, 2019, at the Sheraton Add...

Nov 2 , 2019

Wollo University Plans Two More Campuses

Wollo University, one of the 50 public universities in the country, announced plans to construct two campuses for an estimated cost of 382 million Br. Each facility will have 450Sqm classrooms, fou...

Nov 2 , 2019

Supreme Court Remands May Real Estate Court Battle

The Federal Supreme Court has remanded the case between May Real Estate Plc and 24 homebuyers back to the Federal High Court. This comes three years after another court battle between the real estate...

Nov 2 , 2019

Bahir Dar University Unveils New Facilities

Bahir Dar University completed the construction of educational facilities for an estimated investment of 430 million Br. The facilities include a four-story building lying on 10,200Sqm of land. It...

Nov 2 , 2019

Mortgage Consultancy Rises to Serve the Diaspora

A company aiming to provide consultancy services solely to the diaspora in Ethiopia has opened its doors. Addis Landmark Group Plc (ALG) provides services related to bank loans, property management, c...

Oct 26 , 2019

FACING THE PEOPLE

Tagesse Chaffo, speaker of parliament, started the second regular session of the fifth year of the federal legislative house on the morning of October 22, 2019, by congratulating Prime Minister Abiy A...

Oct 26 , 2019

Motion to Parliament Passes with One Objection

Last Tuesday, October 22, 2019, Prime Minister Abiy Ahmed (PhD) was in the House of People's Representatives for the fifth-year, second regular meeting to pass a motion on an agenda presented to both...

Awash Bank Unveils Plan to Build 12b Br HQs

Awash Bank, the first private bank in Ethiopia, is planning to build a 50-storey skyscraper, which will spread over a footprint of 8,700Sqm, as its new headquarters with an estimated cost of 12 billio...

Oct 26 , 2019

Bureau Breaks Ground on 1.6b Br Headquarters

The Addis Abeba City Transport Bureau launched the construction of its office tower headquarters in Megenagna with a total investment of 1.6 billion Br. The Transport Bureau complex has three under...

Oct 26 , 2019

Despite Court Freeze, Private Bank Grants Loan against Collateral

Amid a fierce court battle over the ownership of a housing unit, Nib International Bank approved a loan to one of its clients using the house as collateral. Nib approved the 12.3 million Br loan to...

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