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Fortune News

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...

Oct 26 , 2019

Authority to Issue Telecom Operator, Service Provider Licenses

The Ethiopian Communications Authority, the new telecom and radio frequency regulatory agency, is considering issuing two types of telecommunications licenses for full operators and service providers...

Oct 26 , 2019

TACON Wins Machinery Rental Dispute at Cassation Bench

Justices at the Cassation Bench closed the bitter court battle between a local machinery rental company and a prominent construction firm over a construction equipment rental agreement in favour of th...

Oct 26 , 2019

Tulu Moye Hires Geothermal Driller

Tulu Moye Geothermal Operations Plc (TMGO) has hired a drilling contractor for its two-phase geothermal project with an estimated capacity of generating 150MW. The drilling contract signed by the C...

Oct 26 , 2019

Tech Firm Launches App to Connect Home Buyers with Sellers

A local tech firm has developed a mobile application that links up house owners and real estate agents with buyers. DSD Computer Technology Plc developed Ethio-rental, a programme that aims at savi...

Oct 26 , 2019

Corporation Prepares for Technical Training Centre in Modjo

The Ethiopian Construction Works Corporation is constructing a technical training centre at Modjo town in Oromia Regional State for an estimated 85 million Br. The construction of the training cent...

Oct 26 , 2019

Adama Welcomes Haile Resorts

Haile Hotels & Resorts, a local company founded by prominent athlete Haile G. Selassie built its seventh hotel in Adama, Oromia Regional State, with a total investment of 403 million Br. The fo...

Oct 19 , 2019

BOOKING THE CAMPAIGN

Thousands of enthusiastic fans, invited guests, government ministers and dignitaries filled up Millennium Hall on Africa Avenue in Addis Abeba on Saturday morning, October 19, 2019, for the launching...

Oct 19 , 2019

City to Map Traffic at New Control Centre

Addis Abeba will soon get a traffic control centre, which will keep an up-to-date situational picture of road traffic, traffic control and traffic information, with an investment of 831 million Br. ...

Oct 19 , 2019

Central Bank Bans Capitalising Valuation Gains

The National Bank of Ethiopia (NBE) ordered financial institutions to stop recognising gains from fixed asset valuation, including buildings, as paid-up capital. Issued on October 8, 2019, the circ...

Oct 19 , 2019

Nation's First Toll Road Receives Upgrade

The nation's first toll road, Addis Adama Expressway, is undergoing major maintenance and upgrading at a cost of 27.2 million Br. Expected to be completed in the coming two months, the project incl...

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