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Fortune News

Jun 1 , 2019

Leather Institute Replaces Director After Only Six Months

Prime Minister Abiy Ahmed (PhD) named former head of the Oromia Cooperative Promotion Agency, Dagnachew Shiferaw, as the new head of a federal agency charged with overseeing the leather industry. D...

Jun 1 , 2019

Bill Takes Shape to Avoid Public Project Delays, Cost Overruns

The government has drafted a proclamation that will introduce a new system that delegates an autonomous body to evaluate and approve new public projects from inception through implementation and opera...

Jun 1 , 2019

Local Real Estate Firm Hands Over 200 Units On Time

A local real estate firm has delivered 200 housing units, built for 400 million Br, to home buyers on June 2, 2019, right on time. Noah Real Estate built the residential development, Noah Garden Re...

Jun 1 , 2019

Companies Grumble About Rebar Bid Results

Three of the four companies that failed to cut the technical evaluation stage of a tender to supply 21,761tn of reinforcement bar valued at nearly 305 million Br filed grievances with Addis Abeba's pr...

Jun 1 , 2019

Wikimedia Sets Foot in Ethiopia

Close to three dozen local professionals have founded a non-profit organisation that will be part of the global foundation that hosts Wikipedia, the free online encyclopedia. Initiated by two found...

Jun 1 , 2019

Disagreement Pauses Overseas Employment

Disagreement between the Ethiopian and Saudi governments over the application of an online platform to recruit Ethiopian workers to Saudi Arabia has blocked the implementation of a labour exchange agr...

May 25 , 2019

HUMAN FACE OF FDI

Netsanet Birhanu, like the thousands of other employees at Hawassa Industrial Park, is the lowest paid textile worker in the world, according to a new report from the STERN Centre of New York Universi...

May 25 , 2019

Ministry Overhauls Privatisation Laws

The government is amending the privatisation proclamation to specify which government body will oversee the asset valuation of public enterprises, bring them to public auctions, managing transactions...

May 25 , 2019

Enterprise Postpones Abattoir Project

The commencement of construction for the city's newest abattoir, which is expected to cost two billion Birr, has been rescheduled for three years from now, as residents and farmers living on the desig...

May 25 , 2019

Second Audit to Follow Private Colleges

The Higher Education Relevance & Quality Agency will conduct a nationwide audit of private colleges to assess whether or not the institutions meet human, material, financial and curricular require...

May 25 , 2019

Two Universities Vie to Evaluate Mass Procurement

Two public universities are vying to evaluate the efficiency of the government's procurement process for large volume buying. The Addis Abeba Civil Service University and Bahir Dar University are t...

May 25 , 2019

ZemZem Bank Rises from the Ashes

ZemZem Bank, whose formation was aborted seven years ago following issues with the central bank, has been resurrected and has restarted its formation process. The founders of the Bank, who lobbied...

May 25 , 2019

State Creativity Hub to Come Online

The government, with the support of development partners, is setting up a state-owned creativity hub for entrepreneurs and innovators with a seven million Birr investment. The hub will be located i...

May 25 , 2019

Depreciation on Duty-Free Imports Faces no Change

While removing the 30pc depreciation applied to customs duties on imported second-hand items, the government will retain the 10pc annual depreciation on imported items with duty-free privileges. A...

May 25 , 2019

Ministry Issues Five Mining Concessions

The Ministry of Mines & Petroleum has issued five mining concession licences for four companies with investments valued at a total of 4.3 billion Br. Three of the concessions are for extraction, a...

May 25 , 2019

Rapprochement, Sanction Lift Would Cure Eritrea's Economy: IMF

The rapprochement with Ethiopia and the lifting of international sanctions would have a positive prospect of dragging Eritrea out of its economic morass and its ‘difficult situation', according to a...

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