Fortune News

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

Fortune News

Feb 11 , 2023

City Administration Embarks on Spirited Bid to Outsource Public Parks

Private businesses interested in owning and managing public parks have a rare opportunity that opened after the Addis Ababa City Administration decided to onboard private capital to run three such fac...

Feb 11 , 2023

Africa Becoming Epicenter of Extremism: UN Report

Unemployment is cited as the most common factor driving people to join extremist groups in sub-Saharan Africa, according to the two-year UN Development Programme report. Close to 25pc of the individua...

Feb 11 , 2023

Construction Corp Owed Roads Administration Wopping 39.8 Trillion Br

A state-owned company in the construction sector owed the Ethiopian Roads Administration (ERA) a staggering amount of debt seven times larger than the country's economic size, a federal audit finding...

Feb 4 , 2023

AMID OFFICIAL BLAME SHIFTING HIGH SCHOOL STUDENTS BECOME VICTIMS

Officials are toiling to radically overhaul the education system after experiencing a "shock" from a minuscule number of 12th-grade students passing the average grade to make it to college. Amid offic...

Feb 4 , 2023

Fed Tables Revised Excise Tax on Imported Vehicle

The auto market foresees changes as a draft proclamation of excise tax on imported vehicles is revised. An amendment to the cylinder capacity (CC) of vehicles imported and the amount of excise tax the...

Fertilizer Arrives Earlier than Anticipated

A ship carrying half a million quintals of urea arrived at the Djibouti ports last week. The amount accounts for nearly five percent of the total fertilizer imports scheduled for the year, while the...

Feb 4 , 2023

Hibret Bank Glides Through Another Year

For thousands of Hibret Bank's shareholders who congregated at the Inter-luxury Hotel in November for a general assembly and marked their bank's service for a quarter of a century, praising profit oug...

Feb 4 , 2023

Capital Market Authority Braces Licenses Issuance

The Ethiopian Capital Market Authority officials revealed up to a dozen directives currently in the hands of the Board of Directors to see the light of day in a couple of weeks. The slew of directives...

Feb 4 , 2023

Fed Diversifies Housing Development for Capital Residents

Government employees and associations gathered voluntarily longing to get houses, are met with a couple of new modalities to develop communal housing projects. The promise Mayor Adanech Abiebie made t...

Feb 4 , 2023

Adama Fuel Demand Surpasses Supply

Drivers in Adama (Nazareth) town, 90Km east of the capital, are compelled to meet their fuel demands under the table at high prices due to supply shortages. The long queue contests the main roads of t...

Feb 4 , 2023

Experts to Appraise Road Damages in Tigray

The damage sustained by construction projects in Tigray Regional State during the civil war is set to be assessed following the peace agreement between the federal government and TPLF forces. The Ethi...

Jan 28 , 2023

"MISS" MATCHED APPOINTMENTS

In what has become common in the past four years, a new round of nominations was put before Parliament last week. These nominations by the Prime Minister did not receive unanimous votes as most politi...

Jan 28 , 2023

Wegagen Bank Bounces with Promise Despite Recent Adversities

Aklilu Wubet of Wegagen Bank and his executives had a lot to celebrate when they met rather anxious shareholders last December as they made a turnaround in the Bank's adversities and came out of the p...

Oromia Public Enterprise Buys Ayka Addis Textile

The Oromia Public Enterprise is edging closer to bagging Ayka Addis Textile Factory for 1.82 billion Br. The factory, 20Km west of Addis Abeba, in Alemgena, Oromia Regional State, has been idle under...

Jan 28 , 2023

Parliamentarians Grill Chief Whip Over Ministerial Confirmations

Last week saw an uncharacteristically polemical moment after parliamentarians questioned three nominees of Prime Minister Abiy Ahmed's (PhD) for ministerial positions, tabled for their confirmations o...

Jan 28 , 2023

Afro-China Relationships Probe as Trade Reaches All Time High

Trade between China and Africa reached an all-time high of 282 billion dollars this year, as the modern China-Africa relationship nears 70 years old. The figure reflects a rise of 11pc from the previo...

Columns

Commentaries | May 09,2026

Every Encounter with the State Should Not Become an Invoice

The Ethiopian state appears to have discovered a fiscal instrument that is politically con...

Editorial | May 9 , 2026

CAKE Takes the Place of Wine in Addis Abeba’s Social Visits

Weeks after the Easter holiday, Addis Abeba has slipped back into its ordinary pace. The h...

Featured | Apr 26 , 2026 . By MASTEWAL ZEMENE and BEZAWIT HULUAGER

Period Poverty Crisis Forces Women to Pay For Dignity

Luladay Abraham treats the arrival of her menstrual cycle less as a private inconvenience...

Agenda | May 9 , 2026 . By HELINA HADGU and MASTEWAL ZEMENE

FED'S COSTLY TURN FROM MONEY PRINTING PILES PRESSURE ON BUDGET

Finance Minister Ahmed Shide entered the last quarter of the fiscal year with a budget und...

Fortune News | May 9 , 2026 . By NAHOM AYELE