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Fortune News

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...

Feb 9 , 2019

Amid Profit Bounce, Abay's Shareholders Return Dives

Despite considerable improvement in its after-tax profits last fiscal year, Abay Insurance recorded a slowdown in profit growth that fell by half from the previous financial year. The firm's after...

Feb 9 , 2019

State to Fully Privatise Former Adey Abeba Yarn

The government will surrender its minority share in BM Ethiopia Garment & Textile S.C, the former Adey Abeba Yarn Factory II, which is located in Nifas Silk Lafto District on Debre Zeit Road. T...

Feb 9 , 2019

Capital Increase Dampens Dividend at Bunna

Although profits at the nine-year-old Bunna International Bank climbed by one-third, shareholder return remained at the same level as the previous fiscal year. Last year, the Bank netted 315.3 mill...

Feb 9 , 2019

Multilateral Partners Shower Ethiopia with Dev't Financing

Ethiopia reoriented its financing agreements from bilateral sources to multilateral institutions in the first half of this fiscal year, according to data released by the Ministry of Finance. Disbur...

Feb 9 , 2019

Ministry Incubates Innovation Hub

The Ministry of Innovation & Technology has set up a six-million-birr incubation centre to encourage innovators in the technology sector. The centre, located in the Tracon Building on Churchill Av...

Feb 2 , 2019

Sober Address

Tagesse Chafo (right), speaker of Parliament, chatted with Prime Minister Abiy Ahmed (PhD) as they made their way out of the legislative hall, while Shimelis Abdisa, chief of staff to the Prime Mini...

Feb 2 , 2019

Barred Firm Joins 3.2b Br Wheat Supply Bid

Eight companies are bidding to supply four million quintals of wheat valued at 3.2 billion Br, including a Dubai based trading house that has been suspended from entering into such bids in Ethiopia. P...

Feb 2 , 2019

Mayor Empowers Bureau to Administer All Construction

The City Construction Bureau has taken over the responsibility of managing all construction projects in the capital with the primary aim of improving project administration. Deputy Mayor Takele Uma...

Feb 2 , 2019

Kinfe et al. File Preliminary Objections

Kinfe Dagnew (Maj. Gen), former head of Metals & Engineering Corporation (MetEC) who has been charged with grand corruption, brought preliminary objections in defence of the charges leveled agains...

Feb 2 , 2019

City Abattoir Invests in Water Treatment

The city's state-owned slaughterhouse corporation is building a primary wastewater treatment plant at its Aqaqi Qality facility for an estimated 40 million Br. Addis Abeba Abattoirs Enterprise's pl...

Feb 2 , 2019

Tiret Ventures into Milk Processing Plant

Tiret Corporate, an endowment fund affiliated with the Amhara Democratic Party (ADP), is investing 47 million Br to build a dairy processing plant in Amhara Regional State. TZA Dairy Production &am...

Feb 2 , 2019

City to Expand Bus Depots

A depot that accommodates 850 buses is being built at the premises of the headquarters of the Anbessa City Bus Services Enterprise in Yeka district. The construction is expected to commence next May....

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