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Fortune News

Feb 20 , 2019

Somalia, Somaliland Leaders to Meet in Addis

Leaders of Somalia and Somaliland are expected to meet in Addis Abeba today with the hope of starting talks between their estranged governments, sources disclosed. If successful, the meeting will r...

Feb 16 , 2019

THE TURKISH DILEMMA

The top five companies holding the highest portfolios of non-performing loans at the Development Bank of Ethiopia (DBE) are all Turkish owned. Together with one other Turkish company, six foreign comp...

Feb 16 , 2019

The Turkish Dilemma

Some nine years ago, Mahmud Nursacan, a Turkish textile dealer with almost three decades in the industry, was invited by a friend to visit Ethiopia. Fatih Mehmet Yangin was his friend in charge of man...

Feb 16 , 2019

Council Injuncts Delivery of Disputed Houses

The Council of Constitutional Inquiry, the constitutional interpretation advisory body, issued a stay-order on a previous judgment that ruled Country Club Developers (CCD) to deliver disputed houses t...

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...

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 Taxi-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