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Fortune News

Sep 23 , 2023

National Bank Raises Creditable Forex Amount for Non Residents

Ethiopians living abroad for over a year and non-residents of Ethiopian origin can now deposit foreign currency notes of up to 10,000 dollars, provided they can present entry visas not exceeding 30 da...

Sep 23 , 2023

Electric Utility Gears Up to Power Addis Abeba Grids

Troubled Addis Abeba's electric grid system is set for significant rehabilitation with 57 million dollars, as the Ethiopian Electric Utility (EEU) moves to secure a technical consultant and provide an...

Sep 23 , 2023

Printed ID Backlogs Prompt Agency to Home Delivery

An unprecedented pile-up of identification cards (IDs) at the city wereda bureaus has prompted the Civil Registration & Residency Service Agency to start door-to-door delivery services before the...

Sep 16 , 2023

SCHOOL SUPPLY-CHAIN CHAOS

Schools are back in session, but parents find themselves burdened by the rising education costs. Some have opted for public schooling for their children, but even that is proving challenging. As the C...

Sep 16 , 2023

Jubilee Palace Rolls Out Red Carpet for Elite Palates

Ethiopia's Jubilee Palace is opening its doors to a medley of upscale restaurants and hotels, a transformation spearheaded by Prime Minister Abiy Ahmed (PhD). As the refurbishment enters its final...

Central Bank Rolls Out Offshore Banking Array

In an audacious bid to attract investment to a country experiencing diminishing forex inflows, the National Bank of Ethiopia (NBE) allows investors to bank with a financial institution different from...

Sep 16 , 2023

Trade Ministry Stirs Consumer Protection Statute

A rising trend in defective commodities and pretence advertisement has prompted experts at the Ministry of Trade & Regional Integration to prepare a bill aspiring to promote healthy market competi...

Sep 16 , 2023

Oncology Center Looms through Public-Private-Partnership

An Oncology centre inside the premises of Saint Paul Millennium Medical College is afoot as a French consultant finishes a feasibility study for the Public Private Partnership (PPP). Under Abebe Ge...

Sep 16 , 2023

Freight Operators in Frenzy as Extension Period Wanes

Freight transporter associations and drivers face a four-month lifeline to transform into commercial entities or meet the consequences, which entail an embargo on crossing the Djibouti border. The...

Sep 16 , 2023

National ID Project in a Tailspin

The audacious initiative to produce millions of pre-inscribed ID cards for the National ID program is met with contention as the Indian-based company declared its triumph amid a complaint lodged by a...

Sep 10 , 2023

TRADITION - TALENT - TRANSITION

A musical tidal wave is sweeping through the Ethiopian youth as a team of poetic and visionary talents keeps dropping hit tracks one after the other. Where tradition and modernity are in a perpetual d...

Sep 9 , 2023

Festive Cheer Spreads as Exhibition Secures Bazaar Contracts

The veteran Century Promotions Plc has bagged the contract to host the upcoming Christmas and Easter holidays with 84 million Br, aspiring to breathe life into the fatigued exhibition scenes clouded b...

Sep 9 , 2023

Ministry Avails Pipeline of Prospects for Struggling Start-Ups Amidst Delayed Proclamation

In a bid to support languishing start-ups and entrepreneurs underserved by the traditional financial sector, the Ministry of Finance has indicated plans to launch several innovation funds. At the m...

Sep 9 , 2023

Flowers Bloom Under New Export Standard

Flower exporters are subject to a codified process of ascertaining and quantifying their imported inputs that augment the value of the finished goods prior to their exportation. The materials such...

Sep 10 , 2023

Twice the Power: Raxio Data Center Comes Doubling its Forces

Raxio data centre which was slated to launch seven months ago aspires to begin operation in a couple of months doubling its capacity. The Tire III data centre was initially planned to operate with...

Sep 9 , 2023

Capital Market Launch Gets IFC Boost

The Ethiopian Capital Markets Authority (ECMA) focuses on setting up local currency bond markets with an estimated budget of around 1.5 million dollars, signing a four-year technical assistance progra...

Columns

Commentaries | Aug 22,2026

Exports Record Worth Having. They Worth More as a Beginning

A record is a strange thing to worry about. Federal trade officials have booked the best e...

Editorial | Aug 22 , 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

The City Wants to Widen Its Tax Net. Shops Feel It Tighten

The tax bill that reached Ferdos Debebe this year left little room in the tight finances o...

Agenda | Aug 22 , 2026 . By ABDUREUF JUHAR and FITSUM TADESSE

Central Bank Writes Rulebooks for Billion-Birr Market Already Exists

The forthcoming strategy for interest-free finance will place Sharia-compliant financing o...

Fortune News | Aug 22 , 2026 . By BEZAWIT HULUAGER