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Fortune News

Dec 27 , 2018

Central Bank to Raise Insurer Investment Ceilings

The central bank is amending its directives to raise insurance company investment ceilings on acquisition and construction of buildings; and to ease the maximum liquidity level imposed by the central...

Dec 27 , 2018

Agency Schedules Overdue Census for April

The long-awaited census, the fourth in the nation's history, will be held between April 7 and April 22, 2019. Initially scheduled to be conducted in November 2017, the census was postponed again to...

Dec 27 , 2018

Claims Control Boosts Oromia's Profit

The decade-old Oromia Insurance Company registered one of the highest growth rates in the industry for the second year in a row. The insurance firm grew its net profits by 127pc to 72.5 million Br...

Dec 27 , 2018

New Regulation Broadens Energy Authority's Scope

The Council of Ministers approved a regulation that empowers the Ethiopian Energy Authority to regulate energy efficiency performance standards of equipment and appliances. Approved on December 15...

Dec 27 , 2018

Judges Re-up 14-Day Custody of Kinfe for Third Time

Police have brought an additional six allegations against Kinfe Dagnew (Maj. Gen), former head of Metals & Engineering Corporation (MetEC) and a suspect in crimes of corruption, making the sum tot...

Dec 27 , 2018

Authority Shuts Nightclubs Down for Noise Pollution

Following grievances lodged by residents, Bole District Environment Protection Authority shut down 14 nightclubs in the Gerji, area accusing them of creating noise pollution. The district revoked t...

Dec 27 , 2018

Project Valued at 1b Br Brings Water to Dire Dawa

The city of Dire Dawa has welcomed the completion of 14 potable-water wells built at a cost of one billion Birr with financing from the World Bank and the city administration. The water wells in Bo...

Oct 23 , 2018

President Girma Passes Away at 94

Former President of Ethiopia, Girma Wolde-Giorgis, who has been under treatment at the Nordic Medical Centre, passed away yesterday at the age of 94. Hospitalized for the past two weeks, Girma ente...

Oct 23 , 2018

Al-Amoudi’s Ethiopia Asset Over $1.2b

Mohammed Al Amoudi's (Sheikh) vast assets in Ethiopia amount to only his second largest after those in Sweden, according to the Bloomberg Billionaires Index. The index shows that his assets in Ethi...

Oct 23 , 2018

Ethiopia on Pathway to Join Continental Free Trade Area

Ethiopia is negotiating to enter the African Continental Free Trade Area, which aims to create a free, single continental market for goods and services. Last week, the latest negotiation was held i...

Oct 23 , 2018

Regulator Remits Bank Fines for Failure to Train Staff

The central bank has remitted 40.1 million Br in fines it levied on seven banks that failed to invest two percent of their expenses on staff training. In a letter issued on November 27, 2018, Solom...

Dec 19 , 2018

Local, Chinese Firms Team Up to Furnish Nile's HQs

A partnership between local and Chinese construction companies has won a deal to finish the headquarters building of Nile Insurance for 872 million Br. Rama Construction and China Jiangsu Internati...

Dec 19 , 2018

Technology University, Students at Standoff

The management and students of the Addis Abeba Science & Technology University, one of the 45 public universities in the country, have been at loggerheads with each other since December 03, 2018....

Dec 19 , 2018

Rigorous Law Approaches to Dispirit Tobacco, Alcohol Use

A bill, which has stringent rules on the use, sale, advertisement and retail of tobacco and alcohol, has reached the final stages of legislation in parliament. Drafted by a joint force of the Food...

Dec 19 , 2018

Authority Awards 16b Br for Road Projects

The Ethiopian Road Authority signed agreements for the construction of a network of roads totaling nearly 724Km for 16.3 billion Br. The agreement encompasses 10 road projects across Amhara, Oromia...

Dec 19 , 2018

City to Construct Primary Dump Sites

The Addis Abeba Solid Waste Administration Agency is set to build 74 primary dump collection sites across all districts of the city. They will replace the current 819 open-air dump collection containe...

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