Fortune News

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

Fortune News

Sep 4 , 2021

Visa on Arrival Resumes, Signals Hope for Hospitality Industry

Ethiopian immigration authorities announced the resumption of electronic and on-arrival visas last week, marking the end of a suspension for all travellers that began in mid-June 2021. The announce...

Sep 4 , 2021

Oil Company Shares Fail to Attract Bidders

No bidder showed up to buy shares registered under Tewodros Tewolde with Zagol Petroleum Plc, during an auction held last week. The assets up on the auction bloc included 90 shares in Zagol Petrole...

Sep 4 , 2021

State Insurer Eyes Clinical Trial Policies

The Ethiopian Insurance Corporation (EIC) is gearing up to provide a clinical trial insurance policy, a first for the industry. The new product covers policyholders on research subjects (individual...

Sep 2 , 2021

MINING FOR SUCCESS

Fist bumps were in order late last week between Eyob Takalign (PhD) (left), state minister for Finance, and Takele Uma, minister of Mines & Petroleum and head of the institution that oversees the...

Aug 28 , 2021

Ethiopia Secures $408m from IMF, Officials Chuffed

Ethiopia has secured a sum of 408 million dollars under the Special Drawing Rights (SDR) programme of the International Monetary Fund (IMF). On the table since March this year, the allocation took...

Aug 28 , 2021

Global Shipping Crisis Pushes Container Procurement Cost

The state-owned Ethiopian Shipping & Logistics Services Enterprise (ESLSE) is to spend 19 million dollars to procure 2,958 containers, up by two million dollars from a similar acquisition it under...

Aug 28 , 2021

Judge Orders Tsehay Real Estate to Transfer Deeds to Homeowners

A judge at a lower court has ordered a Chinese real estate firm to hand over title deeds to homebuyers after a months-long legal battle. The Yeka District Federal First Instance Court has ruled in...

Aug 28 , 2021

Tax Authorities Extend Succour to Solar Tech Importers

Businesses involved in the import and assembly of solar technologies will soon receive duty tax adjustments based on the new tariff book released by the Ministry of Finance. Effective next month, t...

Aug 28 , 2021

Study Flickers Hope to Dismayed Construction Industry

The findings of a new study commissioned to recommend price escalation adjustments in the construction industry may impact almost all public projects under construction. According to individuals kn...

Aug 28 , 2021

Akir Construction, Seifu Ambaye Legal Battle over 'Bad Cheques' Ends in Foreclosure

Close to 23,200 shares of Akir Construction Plc registered under Seifu Ambaye are to be auctioned off by judges at the Federal High Court. Presided over by Judge Frehiwot Teshome, the Federal High...

Aug 21 , 2021

CLOUDY WITH RISK OF CASUALTIES

An excavator digs out mud from a school building after heavy flooding has mostly destroyed it. The structure was not the only casualty of a rainy season characterised by fog, harshly cold weather and...

Ayat Offers 615m to Acquire TACON HQs

A pioneer real estate developer has placed the highest offer to acquire the headquarters of the embattled Tekleberhan Ambaye Construction Plc (TACON), located near the CMC area. Ayat Real Estate ha...

Aug 21 , 2021

Cement Plants to Make Upward Price Adjustment

The turbulent cement industry will see another significant change, with plants gearing up for upward price adjustments. Managers of cement companies, who have been disgruntled by the surge in the pric...

Aug 21 , 2021

Foreign Office Spokesperson Calls Embassies Closure "Right-sizing"

Officials of the Ministry of Foreign Affairs have pursued Prime Minister Abiy Ahmed's pledge before parliament to close no less than 31 missions abroad, in a manner Dina Mufti, the spokesperson, descr...

Aug 21 , 2021

Harari Sets Price Cap on Commodities

Harari has become the first regional state to impose a price cap on major food and non-food items in a bid to tame inflationary pressure. The Trade Development Agency of the state, home to a quarte...

Aug 21 , 2021

Full-Fledged Sharia Compliant Insurance Firm in the Making

A firm dedicated to providing full-fledged Sharia-compliant insurance services is gearing up to offer equity to the public. Promoted by individuals with a background in interest-free banking, "Aman...

Columns

Commentaries | Apr 26,2025

Policymakers Trudge Down a Path of Punitive Taxation

Benjamin Franklin famously quipped that “nothing is certain but death and taxes.” Yet...

Editorial | Apr 26 , 2025

From Cassette, CD Dreams to Cloud Streams

Key Takeaways Kuku Sebsibie's transition to digital singles represents a shift in the...

Featured | Apr 19 , 2025 . By BEZAWIT HULUAGER

In the Shadows of Renewal, a Generation Struggles to Find Its Place

Takeaways: Hana Melaku's story demonstrates the personal turmoil within the broad...

Agenda | Apr 27 , 2025 . By BEZAWIT HULUAGER

Bound by Duty, Lawyers Fight for Fair Pay in Free Legal Aid Battle

Key Takeaways: The Ministry of Justice's directive plans to enforce pro bono work amo...

Fortune News | Apr 28 , 2025 . By NAHOM AYELE