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Fortune News

Aug 24 , 2019

Lawmakers Legislate Controversial, Stringent Electoral Law

Candidates who run for a parliamentary seat should bring 3,000 endorsement signatures from their intended constituency, according to the new electoral law that was legislated last week. The controv...

Chamber’s Project Award Disgruntles Bidders

Cancelling a bid for the design of a five-year strategic plan and training, the Ethiopian Chamber of Commerce & Sectoral Association has awarded the contract to a company owned by a member of the...

Aug 24 , 2019

Delayed Rail Academy Begins to Fall into Place

For the construction of the nation's first-ever railway academy, the Ethiopian Railway Corporation compensated 150 farmers with 65 million Br to relocate from their land. To rest on 60ha of land, t...

Aug 24 , 2019

Two Local Firms Vie to Supply Bulk Rebar

Two local companies are vying to supply 21,761tn of rebar for various projects in the city with an estimated value of over 300 million Br. C & E Brothers Steel Factory and Mohammed Hassan Adem...

Aug 24 , 2019

Oromia Bank Goes Live with Upgraded Solution

Oromia International Bank, a decade-old private commercial bank, has gone live with an advanced core banking solution procured for one million dollars. ICS Financial System (ICSFS), a company from...

Aug 24 , 2019

Center Emerges to Train Leather Specialists

The World Bank has pledged 24 million dollars for the construction of the first Centre of Excellence for leather processing and technological advancement. Planned to be constructed by the Federal T...

Aug 24 , 2019

GIZ Drafts Sludge Management Guideline

The German development agency has drafted a new guideline on how to manage and reuse sludge discharged from textile and garment plants. Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ...

Aug 24 , 2019

Commission Writes Strategy to Recycle Car Batteries

A joint effort between the government and development partners will recycle car batteries, which are known for environmental contamination and can be toxic if humans become exposed to them. The Env...

Aug 17 , 2019

LEADING THE WAY

President Sahle-Work Zewde launched a five-year national road map to end child marriage and female genital mutilation (FGM ) with Yalem-Tsegay Asfaw, minister of Women, Children & Youth, in a cere...

Aug 17 , 2019

City Reclaims Real Estate Firms' Land

Addis Abeba City Administration has reclaimed land plots covering a total of 41ha “illegally” possessed by real estate developers. The move from the city's Land Management & Development Bur...

Gov't Puts Economic Reform Plan in Place

With the main aim of addressing economic imbalances and sustaining growth, a team of experts under the Office of the Prime Minister drafted a three-year economic reform programme. Dubbed the Homegr...

Aug 17 , 2019

New Directive Eases Passport Application Process

Ethiopian citizens who hold kebele identification cards and birth certificates can now obtain a passport from the Immigration, Nationality & Vital Events Agency. Over the past 11 months, the A...

Aug 17 , 2019

MIDROC Expands Three Plants, Boosting Capacity

MIDROC Technology Group inaugurated the third major expansion project in a month, pushing the total investment for the projects to 574 million Br. In the latest round of expansion, the company inve...

Aug 17 , 2019

Chinese Firm Ploughes $70m into Textile Plant

A Chinese company set up a new export-oriented yarn plant in Adama, Oromia Regional State, with an investment of 70 million dollars. Kingdom (Ethiopia) Linen Plc built the integrated plant on 2.9ha...

Aug 17 , 2019

Local Shoemaker Acquires Bankrupted Tannery

A local shoemaker has acquired a bankrupt tannery located in Bahir Dar, Amhara Regional State, for 28.8 million Br. Development Bank of Ethiopia's Bahir Dar District foreclosed on Habesha Tannery f...

Aug 17 , 2019

Power Shortage Suspends Abattoir's Operations

Finished with an expansion project that consumed half a billion Birr, Organic Export Abattoir Plc has not begun operations at the new facility due to a lack of power supply. Organic Export Abattoir...

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