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Fortune News

Jul 2 , 2022

Scrap Metal Auctions End as Manufacturers Claw for Inputs

Steel manufacturers will no longer buy scrap metals through auctions but depend on a federal agency which will supply the industry at predetermined prices. The Public Procurement & Property Dis...

Jul 2 , 2022

City Officials Renew Drive to Breathe Down on Ride-Hailing Companies

The Addis Abeba Transport Bureau steps up its exertions to bring the capital's ride-hailing fleets under oversight three years after a failed attempt by municipal authorities. Dawit Yeshitla, head...

Jul 2 , 2022

Poultry Bill in the Making as Industry Wrestles Mysterious Disease

Officials at the Ministry of Agriculture are working on a bill to regulate the poultry industry as farms struggle with an unidentified disease decimating their flocks. The bill proposes the establishm...

Jun 25 , 2022

Cement Industry Shake Up Leaves Regional States, Agents Unimpressed

Regional state officials and cement distribution agents are in an uproar over new rules under consideration for the distribution and marketing of cement. Legal experts at the Ministry of Trade &...

Jun 25 , 2022

Mayor Adanech Receives Cabinet Approval to Compensate Farmers

Mayor Adanech Abiebie has won the approval of the Addis Abeba City Cabinet to give reparations to hundreds of farmers in the capital's peripheries who have lost land for infrastructure development, ro...

Addis Abeba City Admin Under Extensive Restructuring, Reshuffle

The Addis Abeba City Administration is undergoing an extensive reshuffling leading the number of bureaus and offices down to 45. It is the second administrative restructuring attempted in the capital...

Jun 25 , 2022

Inside Dashen's 230m Br Data Centre

Dashen Bank has rolled out a data centre for nearly a quarter of a billion Birr. Installed by two local firms, the centre is expected to enhance networking and security systems at one of the country's...

Jun 25 , 2022

FAO Gets Nod to Supply Fertiliser to Farmers in Tigray

Months of effort from Chimimba David Phiri, Ethiopia's representative of the Food & Agriculture Organisation (FAO), to facilitate the procurement of chemical fertilisers for farmers in the Tigray...

Jun 25 , 2022

NEW ERA FOR PUBLIC ENTERPRISE

The squad at the helm of public and regulatory economic institutions attended a conference inside the meeting hall of the Commercial Bank of Ethiopia's (CBE) new headquarters last week. It included, r...

Jun 25 , 2022

Minibus Taxis Face Hurdles Registering for Fuel Subsidies

Over 1,000 minibus taxi owners operating in Addis Abeba with "Code-3" license plates are caught in a dilemma in their attempt to qualify for federal fuel subsidies. Federal transport officials plan...

Jun 25 , 2022

Corporation Eyes Another Development Project in Capital

Lensa Mekonnen, head of the Land Bank & Development Corporation, strives to overhaul unutilised land under federal agencies in Addis Abeba through a programme dubbed "Revamping Sheger." Officia...

Jun 24 , 2022

Sovereign Fund Takes Control of Colossal Enterprises

The country's biggest public enterprises have come under the wing of the newly-formed Ethiopian Investment Holdings (EIH). The Ethiopian Airlines Group, the Commercial Bank of Ethiopia, Ethio telec...

Jun 18 , 2022

AMHARA BANK IN FULL SWING

Yilkal Kefale (PhD) (second from left), president of the Amhara Regional State; Agegnehu Teshager (third from left), speaker of the House of Federation; and Yinager Dessie (PhD) (centre), governor of...

Jun 18 , 2022

Bank Reserve Cut Stokes Inflationary Fears

Central bank Governor Yinager Dessie's (PhD) decision to slash reserve requirements for the commercial banks by half has stoked fear that a lending spree fuels inflation. Commercial banks must hold...

City Admin to End Land Auction Hiatus

The Addis Abeba City Administration under Mayor Adanech Abiebie is closer to holding the first land auctions in four years. Last week, Speaker Buzena Alkedir and 138 members of the City Council gave t...

Jun 18 , 2022

Minister Oumer Brings Smile to Farmers' Face

Oumer Hussein, minister of Agriculture, has successfully navigated the bureaucratic maze to facilitate billions of Birr in subsidies from federal coffers, sufficient to slash fertiliser prices by a qu...

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