FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds

Fortune Logo

Fortune News

  1. Home
  2. Fortune News

Dec 10 , 2022

Zemen Bank Marks Own Era, Despite Fall in EPS

Zemen Bank roared with impressive net profit growth from its last operational year, almost doubling its growth record from the previous year. President of the Bank, Dereje Zenebe, characterised the...

Dec 10 , 2022

Mines Ministry Demands Steel Manufacturers Operate at Full Capacity

Steel factories will not be allowed to produce while operating below capacity without sufficient justification, says the Ministry of Mines & Energy. The Ministry is working on a draft directive...

Dec 10 , 2022

Taxpayers Need No Bank Guarantee to File for Extensions: Ministry

Taxpayers will be granted an extension period without producing bank guarantees if a directive drafted by the Ministry of Revenues sees the light of day. The draft directive responds to taxpayers'...

Dec 3 , 2022

CAR DILEMMA Missing the Combustion Go Electric

The nostalgia for the combustible engine, with the noise and smell of burned fossil fuel, will stay for a while. But the dilemma of buying an electric car in the current transportation ecosystem is a...

Dec 4 , 2022

Industrial Park Corp Executives Shun Private Park Under Development

A self-proclaimed industrial park alias "Hawassa Textile & Industrial Park" cannot enjoy the incentive packages available for other state-owned parks, even after completing half the construction w...

Awash Bank Claims Further Heights Aspiring $1b Capital

Awash Bank shareholders voted to boost the paid-up capital to 55 billion Br in the next four years, a one billion dollars threshold in the current exchange rate. Achieving such height will make the fi...

Dec 4 , 2022

Tikur Anbesa Hospital Expansion Project on the Rocks

The expansion project under the country's largest referral hospital runs aground due to the lack of preparation on land occupancy. The management of Tikur Anbessa Hospital has been planning to expa...

Dec 4 , 2022

Telecom, CNET Joined Hands to Add New Telebirr Payment

Telebirr users will receive a digital payment system that integrates a dynamic QR Code, simplifying and offering payment options for the services and products they buy. Ethio telecom and CNET joint...

Dec 4 , 2022

Transport Bill Enrages Bajaj Drivers in Addis Abeba, Adama Town

Third-wheeled vehicles, locally referred to as 'Bajaj', will soon be banished from main roads if officials from the Addis Abeba Transport Bureau and the Ministry of Transport & Logistics push a bi...

Dec 4 , 2022

Ethiopost Embarks on E-commerce to Foster Small Businesses

Ethiopost managers have upheld the responsibility of acquiring an e-commerce software application underlining the importance of strengthening the capacity of Ethiopia's oldest institution for domestic...

Dec 4 , 2022

Enat Bank Pay 117m Br to Roads Administration: High Court Judge Rules

Enat Bank has to pay hundreds of millions of Birr to the Ethiopian Roads Administration (ERA) to make the latter recover losses from road projects it awarded to contractors but failed to realise. T...

Nov 26 , 2022

Truculent Foreign Banks, Fragile Industry, Bullish Central Bank

The entry by foreign-owned banks and non-nationals into the financial sector has reached a point of inevitability. However, how to navigate through the web of opportunities they are hoped to bring and...

Nov 27 , 2022

Repay Homebuyers: Judge Orders Access, Pacific Link Real Estates

Hundreds of homebuyers signed up for deals with Access Real Estate to buy properties under Pacific Link Ethiopia Real Estate should be paid compensation for homes undelivered, a Judge at the Federal H...

City Finance Bureau Blocks 28b Br Mega Project

The Addis Abeba Finance Bureau blocked a multi-billion Birr budget the city administration approved after requests to pay bid winners in foreign currency gets rejected. Under Debo Tunka, the Addis...

Nov 27 , 2022

With Improved Seeds Local Farmers Offer Promise to Cover Imported Barley

Assela town, 126Km south of Addis Abeba in the Oromia Regional State, may have a reputation for nurturing world track-star athletes. It is also a prominent barley producer region, with the quality...

Nov 27 , 2022

Dashen Stands Tall Amid Industry Peers

Dashen Bank continued to tower as the industry's top performer judging by its latest financial reports released two weeks ago, despite losses from forex dealing remaining stubborn. Addressing share...


Most read

Columns

Commentaries | May 09,2026

The Geopolitical Battle Over Monetary Infrastructure

Life Matters | May 09,2026

Motivation Drops as the Day Begins in Sleepwear

My Opinion | May 09,2026

The AI Risk to Focus On

Sunday with Eden | May 09,2026

The Silence That Leadership Can't Keep

Agenda | May 17,2026

Quiet Campaigns Speak Loudly

Editorial | May 09,2026

Every Encounter with the State Should Not Become an Invoice


         ADVERTISEMENT

Read More

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

Betrothal Ritual Falls Prey to the Event Economy

When Abigiya Tewodros sat for her traditional bethrothal intercession, locally known as "S...

Featured | May 17 , 2026 . By HELINA HADGU

Quiet Campaigns Speak Loudly

Genene Gedebu reached Kucha after the campaign season for the upcoming national elections...

Agenda | May 17 , 2026 . By NAHOM AYELE

Tax Bill Tests the Line Between Compliance, Fairness

A revised tax administration law could bar taxpayers from submitting new evidence during c...

Fortune News | May 17 , 2026 . By NAHOM AYELE