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Dec 10 , 2022

BETTING FRENZY SWEEPS ADDIS ABEBA

The World Cup games ongoing in Qatar have produced a fair share of surprises. The unpredictable games have stirred the most excitement in Addis Abeba as fans swing thin stacks of papers mistakenly app...

Dec 10 , 2022

Finance Intel Rolls Out Decree Forcing Background Checks on Car Dealers

Businesses in the car market will be required to conduct background checks identifying and verifying buyers, provided that a new directive in the making by the Financial Intelligence Services (FIS) is...

Five-Day Academic Strike Demanding Survival Meets a Pause

Academicians and technical staff went on a five-day strike in several universities across the country last week. The academicians claimed they were underpaid and systematically undervalued for their e...

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...


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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...

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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...

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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