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

Oct 22 , 2022

Addis Abeba Markets Get Dry of Cement

A bottleneck in the national supply chain risked the cement market emptying stores and retailers last week. Shops in the Megenagna area, a hub for cement retail in Addis Abeba, were closed due to the...

Oct 22 , 2022

Construction Players Apprehensive over Competence, Escalating Prices

Companies in the construction industry are worried about meeting the annual gross revenue requirements as construction input costs skyrocket. The mounting prices of steel and cement have become a barr...

Oct 15 , 2022

DISPARATE RING RUMBLES IN TOWN

Palms opened testing the new service in town; many lined up inside a shop on the ground floor of Medihanalem Mall, across from Edna Mall. Standing in the queue was Mulugeta Ababu, 35, who works as a t...

Oct 15 , 2022

Ethiopia Bans Goods Imports to Save $600m

Federal authorities have banned the importation of goods in an unprecedented move not seen in three decades. However, they can only save a little over 600 million dollars on a three-year average, cons...

Shipping CEO to Boost Steel Transport, Pledges Tariff Revision

The state-owned shipping company will jump-start transporting steel from the international market after a year-long lull due to COVID-19 and Russia's war in Ukraine. Company executives pledge they are...

Oct 15 , 2022

IT Companies Vying to Bag Sidama Bank CORE Banking Contract

Sidama Bank, a third-generation financial firm, is hiring a technology company to acquire CORE banking solutions, an automated financial management system in the banking industry. It initiated the...

Oct 15 , 2022

Audit Board Under Fire for Sluggish IFRS Adoption

Chief financial officers (CFO) are displeased with the pace of conversion in corporate reporting standards to international financial reporting norms, as professionals blame a regulatory body for thei...

Oct 15 , 2022

Making Ends Meet Despite AGOA Delisting

Textile manufacturers in the industrial parks struggle to stay the course despite Ethiopia's delisting from the African Growth & Opportunity Act (AGOA), its primary market for apparel and textile...

Oct 15 , 2022

Agri Importers to Repack Agrochemicals

Officials of the Ethiopian Agricultural Authority have granted permits to domestic companies to repack imported agrochemicals and fertilizers, for the first time. The rising cost of shipping has force...

Oct 8 , 2022

A MARKER OF HISTORY

Telcom users in Ethiopia saw last week a milestone event with the launching of a second operator breaking a monopoly enjoyed by the state-owned Ethio telecom for over a century. Safaricom Ethiopia Plc...

Oct 8 , 2022

Electric Utility Secures World Bank Fund to Build Solar Hybrid Mini-grid Plant

The federal government has secured finance from the World Bank to build a hybrid mini-grid power plant, partially tapping energy from solar sources. The 217 million dollar project is designed to ge...

Agri Institution Completes Soil Archive

A national centre archiving soil samples for agricultural activities, including identifying the types of fertiliser and chemicals suitable for particular plots, has gone operational. The National S...

Oct 8 , 2022

Private Companies Back to Bazaar Shows

Private companies are back in business, holding holiday bazaars at the Addis Abeba Exhibition Centre. Dream Come True (DCT) Entertainment Plc has been awarded for organising the bazaar for Christmas....

Oct 8 , 2022

Tranformer Producers Anxious about Prospect

Transformer producers have lodged complaints before federal authorities that they are on the verge of closing plants. Twenty local transformer producers declined to make deals with the Ethiopian Elect...

Oct 8 , 2022

Postal Service, Regional Revenue Bureaus at LoggerHead Over Taxation

Officials of the Ministry of Revenues want to see regional bureaus cancel double taxation following complaints filed by the Ethiopian Postal Services Enterprise (EPSE). Senait Seyum, a team leader...

Oct 8 , 2022

Groundbreaking Lab Foresees Changing the Game

A fund secured from the federal government will finance a new laboratory for Armauer Hansen Research Institute (AHRI). Officials of the Ministry of Health expect the centre to be completed and operati...


Most read

Columns

Commentaries | Jul 25,2026

The Central Bank Bets on Signals Over Ceilings

Life Matters | Jul 25,2026

Parents Dreams Meet the Reality of the Classroom

My Opinion | Jul 25,2026

From Digitisation to Digital Transformation

Sunday with Eden | Jul 25,2026

A Celebration of Love Where Tradition Met Presence

Agenda | Jul 25,2026

Shematera Weavers' Chain Meets the VAT Line

Editorial | Jul 25,2026

Cost Recovery by Public Institutions Becomes a Hidden Tax


         ADVERTISEMENT

Read More

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