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Fortune News

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...

Jan 21 , 2023

THE WEDDING BELLS TO RING LOUD

Fewer couples tied the knot in 2022 than the year before; the post-pandemic environment could be attributed to over 12,000 more married couples in that year compared to two years ago. The merriment se...

Capital Rolls Out a 3.1b Br Rehabilitation Centre Project

A women's rehabilitation and skill development centre foresees construction as Mayor Adanech Abiebie laid the cornerstone two weeks ago. The 3.1 billion Br project lies on 5.1hct land located around Q...

Contractors Dry Out of Collaterals

Contractors are apprehensive about buying a policy from insurance companies as the requisite for collateral is half the performance bond. After insurers started to require collateral for policies, the...

Jan 21 , 2023

Venerated Institutions Get New, Younger Chiefs

Two federal offices of the highest stature saw newly appointed young leaders installed last week. Parliament has approved in two-thirds of the votes the appointment of a chief and deputy justices for...

Jan 21 , 2023

Ethiopian Embroils in Lawsuit Over Bids to Acquire Stake in Nigeria Air

Ethiopian Airlines' entry seems to have irked domestic airlines in Nigeria the wrong way, as they came together in November, filing a lawsuit against the Airline and three parties to halt Nigeria Air...

Jan 21 , 2023

Coffee Roasters Leap to Domestic Trade

Value-added coffee exporters will be allowed to sell their products with foreign currency in the local market if the bill prepared by the Ethiopian Tea & Coffee Authority sees the light of day. ...

Jan 14 , 2023

IT'S ONE AFTER THE OTHER

The gradual and discriminatory phasing out of subsidies on fuel prices may have helped the federal authorities save billions of Birr. Despite their pronounced policy measure to shield the poor and tho...

Columns

Commentaries | Jul 25,2026

Cost Recovery by Public Institutions Becomes a Hidden Tax

Ideally, citizens who have paid income tax all year should not have to reach for their wal...

Editorial | Jul 25 , 2026

Chasing Excellence in the Summer, Raising Questions Over Who It Leaves Behind

For as long as her daughter had been in school, the summer break belonged to the family. E...

Featured | Jul 25 , 2026 . By BIZUAYEHU ABIY and TIGIST MEKONNEN

Shematera Weavers' Chain Meets the VAT Line

The footsteps, bargaining voices and rustle of cotton cloth that once filled Shematera in...

Agenda | Jul 25 , 2026 . By NAHOM AYELE

Global Bank Board Suspends 18 as Deposit Probe Widens

Global Bank's Board of Directors have overhauled top management, after suspending several...

Fortune News | Jul 25 , 2026 . By BEZAWIT HULUAGER