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Fortune News

Mar 23 , 2019

Statistics Agency Completes Training Facilities

Ahead of the long anticipated national census, the Central Statistical Agency has invested 29.5 million Br in expanding its facilities. The Agency built a conference hall, a training centre and ren...

Mar 23 , 2019

Authority Shuts Marble Factory, Alleging Noise Pollution

Municipal authorities shut down a local marble factory, DRB International Marble Factory, located in Akaki Qality district for causing noise pollution in the surrounding area. The Addis Abeba Environ...

Mar 23 , 2019

City Calls to Dismiss Tax Fraud Charges

The City Administration is waiting for the approval of the Attorney General to drop charges on 1,780 taxpayers who are accused of tax fraud. The request was filed with the Office of the Attorney Ge...

Mar 23 , 2019

Nyala Pays Out Dangote’s 10.7m Br Claim

Dangote Industries Ethiopia received a 10.7 million Br insurance compensation from Nyala Insurance for business interruption and damage it faced in November. The company's cement plant operations w...

Mar 23 , 2019

Prime Minister Defends One Year Record, Plays Tough on “Spoilers”

Prime Minister Abiy Ahmed (PhD) has defended his administration`s record in several fronts today, including reforms in political and economic affairs, while claiming “enormous” achievements in the...

Mar 16 , 2019

MOURNFUL NATION, GRIEVING WORLD

Family members of the passengers and crew who perished aboard Ethiopian Airlines Flight 302 gathered to mourn their loved ones at the crash site in Tulu Fara Wereda, some 40Km south of the capital. Th...

Mar 16 , 2019

Mourning Nation, Grieving World

Last Sunday, March 10, 2019, began as an ordinary day for Yammani Geleta, a 57-year-old farmer and father of six living in Tulu Fara wereda, a border village between Amhara and Oromia regional states...

Mar 16 , 2019

Central Bank to Print 206m Br In Notes

The National Bank of Ethiopia (NBE) is injecting an additional 206 million Br into the economy. To print the notes, the Bank approached international firms to vie and print two denominations - 50 B...

Mar 16 , 2019

Corporation to Build New Houses

The Federal Housing Corporation has announced a plan to build 435 housing units in eight buildings scattered across five sites at a cost of 1.8 billion Br. The Corporation signed construction agree...

Mar 16 , 2019

Local Firm Digitizes Medical School Examinations

Addis Abeba University's College of Health Sciences has invested 40 million Br to launch an online examination system and learning platform. For the process, IT experts at the University customised...

Mar 16 , 2019

United Bank Shares Attract Nine Times Par Value

United Bank received offers nine times the firm's par value, pulling in the highest bid of 1,027 Br a share in the latest auction held by the Bank. United offered 1,659 shares, which sold during th...

Mar 16 , 2019

Bunna Pays First Ever Dividend

The late entrant to the private insurance industry, Bunna Insurance, recouped its accumulated losses it has recorded the first two year of its inception and started paying dividends to its shareholder...

Mar 16 , 2019

Regional Economic Giant Ventures into Sugar Production

An economic wing of the Amhara Regional State is expanding to sugar production with an estimated investment of 1.4 billion Br. Abay Industrial Development SC plans to set up a sugar manufacturing p...

Mar 16 , 2019

Authority Binds Industries to Reduce Energy Losses

Energy-intensive industries such as textiles, metal and cement are going to sign an agreement with the Ethiopian Energy Authority to control energy losses. To enact the new system, the Authority ha...

Mar 16 , 2019

New Contractors Association Cements Bond

Two sectoral associations in the construction industry have joined hands to avoid redundancy, increase their influence and accomplish a better utilisation of resources. The Construction Contractors...

Mar 11 , 2019

ET 302 Flight Black Box Found

The black box from the flight of ET 302, which crashed yesterday morning, has been recovered from the accident site in an area called Ejere between the towns of Bishoftu (Debre Zeit) and Modjo. Man...

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