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Fortune News

Jun 23 , 2019

New Partnership Sprouts to Boost Honey Export

The government has started an effort to establish and upgrade internationally accredited quality testing laboratories for honey with the main aim of boosting revenue from export of the product. For...

Jun 23 , 2019

Local Firm Molds Plastic Plant

A local trading company has invested 145 million Br to set up a plastic manufacturing plant in North Shoa Zone of the Amhara Regional State. Nared General Trading, a pharmaceutical import and whole...

Jun 23 , 2019

Sugar Corporation Welcomes New Board Chair

Beyene Gebremesqel, director general of the Public Enterprises Holding & Administration Agency, takes the helm as chair of Sugar Corporation's board of directors beginning this month. Beyene be...

Jun 23 , 2019

Habesha Construction in Profit Slide

Habesha Construction & Materials Development S.C., a local real estate firm and construction material supplier, bagged 13 million Br in net profit in 2018, a slight decline from the preceding year...

Jun 22 , 2019

DEVELOPING STORY: Attempts on the Lives of Regional President, Attorney General Fail

An attempt on the lives of Ambachew Mekonnen (PhD), president of the Ahmara Regional State, and Megbaru Kebede, Attorney General of the Regional State, has failed in the town of Bahir Dar today, sourc...

Jun 15 , 2019

RUDE AWAKENING

As the International Telecommunications Union was announcing it has accepted Ethiopia's request to host the World Telecommunications Development Conference in 2021, the country went offline. Internet...

Jun 15 , 2019

Ethiopia Goes Offline, Operator Remains Silent

This was supposed to be a special week for aspiring 25-year-old businessman Fraol Ibsa. After many preparations, he was planning to go to Dubai by the end of the week and was awaiting his visa via ema...

Jun 15 , 2019

Premier Permits Gas Companies to Hold Offshore Accounts

Companies engaged with oil and gas exploration and development projects can now open an offshore or a foreign bank account, according to a letter from the Office of the Prime Minister. Issued on Ju...

Jun 15 , 2019

Auditor General Office Gets More Power

The Audit Services Corporation will be reporting to the Federal Auditor General rather than parliament, according to a new proclamation that was legislated at the end of last week. Previously, the Co...

Jun 15 , 2019

Ministry Scolds Exporters About Under-invoicing

The government is wagging its finger at major sesame exporters suspected of under-invoicing, warning them to stay away from the act. The Ministry of Trade & Industry sent a warning letter three...

Jun 15 , 2019

Stringent Labor Law Reaches Legislation

A new draft labour law allows for the dismissal of employees who have a record of coming to work late eight times and are absent for five days without cause within a six-month period. Drafted by th...

Jun 15 , 2019

Justices Overrule Dividend Tax Imposed on Total Ethiopia

Dividend taxes will only be applied to profits that are paid to shareholders but not on accumulated earnings, according to the latest ruling from the Cassation Bench of the Federal Supreme Court. T...

Jun 15 , 2019

Ethiopia Scales Up 'Scaling Solar Program'

The government has scaled up the Scaling Solar Program from four to six projects with a total capacity to generate up to 750MW following the new financing received from the World Bank Group. The pr...

Jun 15 , 2019

Chinese Firms Vie to Construct Palace Parking Lot, Tunnel

Two Chinese companies are vying to construct a 60m tunnel to connect the National Palace Park and Museum with a proposed underground parking lot to be located just south of the palace. Jiangsu Inte...

Jun 15 , 2019

Mob Attack Partially Damages Hong Kong Shoemaker

New Wing Addis Shoe Factory, a Hong Kong shoemaker, has ceased operations after experiencing a mob attack by residents in the area and after being suspended by the City Administration. A group of res...

Jun 15 , 2019

New Petroleum Retailer Joins Market

ODAA Integrated Transport S.C, part of the economic revolution in the Oromia Regional State, has joined the local petroleum retail market by building two gas stations on the outskirts of the capital w...

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