Fortune News

FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New

Fortune News

Feb 16 , 2019

Agency Picks State Company to Print Census Material

The state-owned specialty printing company, the Educational Materials Production & Distribution Enterprise, secured a 14 million Br project from the Central Statistical Agency to print training an...

Feb 16 , 2019

Two Industrial Parks Gear up to Open

Two industrial parks in Amhara Regional State built for close to two billion Birr are expected to become operational in two months. Bahir Dar and Debre Berhan industrial parks, each with eight shed...

Feb 16 , 2019

Marathon Motors Completes Assembly Plant

Marathon Motors Engineering, the sole importer of Hyundai car models, is inaugurating a half-billion-Birr assembly plant for Hyundai located on the outskirts of the capital. The opening of the plan...

Feb 16 , 2019

Youngest Bank Basks in Profit Bonanza

Despite declines in foreign exchange transactions, Enat Bank, one of the youngest private banks, increased its profit by more than 40pc aided by a massive boost in investment income. In the last fi...

Feb 16 , 2019

Tahini Processing Plant Puts Down Roots in Addis

Krotaj Tahini Manufacturers Plc, a 4.5-million-dollar joint venture, has launched its tahini processing plant on the outskirts of the capital. Formed between K. Mikedem of Ethiopia; RENEW Investmen...

Feb 16 , 2019

Ministry Relaxes Health Professional Working Conditions

The Ministry of Health issued several directives last week dealing with the working conditions of health workers, allowing staff to transfer between regional states and multi-licensing in the medical...

Feb 16 , 2019

USAID Blesses Health Sector with $44m

The United States has pledged 40 million dollars for the Ethiopian health sector under a new five-year Health Financing Improvement Program. The United States development agency, USAID, has channel...

Feb 16 , 2019

Africa Insurance Gets Back on Track, Reverses Slow Growth

Africa Insurance, one of the pioneer insurance firms in the country, has reversed its unsatisfactory performances of the preceding two years by increasing its profit and shareholder return in the last...

Feb 9 , 2019

At Wheat's End

The hard lesson that bakery owners in Addis Abeba have learned over the last decade is that the industry is not as profitable as it used to be. Shortages in the supply of wheat have meant less flour t...

Feb 9 , 2019

Nib Bank Pushes President, Deputy Out

The board of directors of Nib International Bank removed Kibru Fondja, its president ,and his deputy, Gashawtena Amdetsion, last Friday, January 8, 2019. The board then appointed Genene Ruga, vice...

Feb 9 , 2019

Elevator Procurement Saga Ends after Four-Year Squabble

A four-year long elevator procurement saga came to an end after the Chinese firm, Xizi Elevator Co. Ltd, was awarded the 347 million Br contract. Xizi Elevator will supply 338 electric traction ele...

Feb 9 , 2019

Real Estate Firm Finally Delivers Title Deeds

After eight years of fierce court battle, May Real Estate finally transferred the title deeds of 20 disputed housing units to homebuyers who entered into contractual agreement with the developer. T...

Feb 9 , 2019

Attorney General to Speak on Disputed Teff Patent

The Office of the Attorney General will speak out this week about the steps Ethiopia will follow to handle the teff patent issue. The Attorney General is also expected to disclose the law firm Ethiopi...

Feb 9 , 2019

Policy Bank Finances Vehicles for Tour Operators

Development Bank of Ethiopia, the state policy bank, imported 36 vehicles at a cost of 42 million Br to lease to tour and travel operators. The Bank has already transferred 26 automobiles to 12 compan...

Feb 9 , 2019

Oldest Winery Expands, Triples Capacity

The oldest winemaker in Ethiopia has finalised a two-million-dollar expansion project that will boost its production capacity to 8,000ltr an hour. Awash Wine S.C, located in Nefas Silk Lafto Dist...

Feb 9 , 2019

Cost of Living Rises Again

Headline inflation, which has been easing for the past two months, sped up last month to reach 10.9pc, according to the latest report from the Central Statistical Agency (CSA). Last month's report...

Columns

Commentaries | Jun 22,2026

The Budget Bill Asks the Most from Citizens with the Least Slack

When Parliament takes up the appropriation bill, federal legislators will receive a docume...

Editorial | Jun 20 , 2026

Addis Abeba Pours a New Story in Every Cup, Where Tradition Meets Global Influence

Customers settle into a carefully curated space of dark wood, black accents, muted green f...

Featured | May 31 , 2026 . By HELINA HADGU

For Consumers in Addis Abeba, Even Thrift Becomes Expensive

For Senayit Bekele, the day's rhythm begins at a vegetable stall. The lunchtime crowd spil...

Agenda | Jun 21 , 2026 . By BEZAWIT HULUAGER

AG MESERET MAKES AUDIT MISMATCH HARD TO DEFEND

Federal and regional authorities have spent months urging taxpayers to pay more into the t...

Fortune News | Jun 21 , 2026 . By NAHOM AYELE

News Alert