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

Fortune Logo

Fortune News

  1. Home
  2. Fortune News

Aug 7 , 2021

Ahadu, Amhara Banks Nominate Industry Veterans, Pending Central Bank Approval

Two banks awaiting licenses to go operational have nominated veteran bankers as their founding presidents. Ahadu Bank has nominated Eshetu Fantaye, former head of Bunna Bank, as its first president...

Jul 31 , 2021

Abinet Gebremeskel Departs MIDROC, "Sacked" or "Resigned"

Abinet Gebremeskel, a close confidant of Mohammed Hussein Al-Amoudi (Sheikh) for over three decades, has left the MIDROC Ethiopia Group in all but clear circumstances. Abinet says he had resigned from...

Jul 31 , 2021

Businesswoman Acquires Nexus Hotel for 740m Br

A businesswoman with assets in the hospitality industry has acquired the Nexus, a four-star hotel located in the Gerji area, for 740 million Br. Tiliksew Gedamu, the owner of the Grand Hotel in Bah...

Tenants in Historic Piassa Buildings Breathe Sigh of Relief

Tenants of two historical structures in Piassa, Addis Abeba, breathed a sigh of relief after being granted assurance that their names are not included on the list of properties slated for demolishment...

Jul 31 , 2021

Federal Government to Harmonise Regions' GDP Computation

Regional authorities will soon start computing the size of their respective economies based on a new manual prepared by the federal government. It is a part of the Planning & Development Commis...

Jul 31 , 2021

Transport Operators Flustered by New Tax Regime

Transport owners with permits to operate in Addis Abeba will be compelled to keep audited accounts beginning this year, obliged to comply with a new tax regime the authorities imposed on the sector. ...

Jul 31 , 2021

Industrial Parks Available for Non-Manufacturing Investments

Prospective investors can now submit business proposals should they be interested in engaging in commercial ventures in four industrial parks, following the Industrial Parks Development Corporation (I...

Jul 31 , 2021

UK Bovine Semen to Boost Milk Production through Artificial Insemination

A project office under the Ministry of Agriculture (MoA) is importing 10 million Br worth of frozen bovine semen from Cogent Breeding Limited, a company based in the United Kingdom (UK), to begin arti...

Jul 24 , 2021

Ministry Redefines 'New' for Vehicle Taxation

Customs authorities have been directed to consider all motor vehicles imported within three years of their manufacture date as 'new' for the purposes of assessing duty and excise tax. With the upda...

Shipping Enterprise Gives Waiver to Importers

Local importers have begun receiving waivers from the Ethiopian Shipping & Logistics Services Enterprise (ESLSE), allowing them to use other shipping companies to transport their goods from ports...

Jul 24 , 2021

Ethiopia Recalls All Diplomats But Ambassadors, Finance Heads

All Ethiopian diplomats, barring ambassadors and heads of finance, have been instructed to report back to Addis Abeba by mid-August 2021. They are called back to attend a reorientation, which is se...

Jul 24 , 2021

Cement Prices Hike as Gov't Removes Price Controls

Barely a week after the government set aside its cement market regulatory policy, cement prices have spiked up to as high as 900 Br a quintal, double the official price from two weeks ago. The surg...

Jul 24 , 2021

Authorities Add Six Hotels to Shutdown Spree

Authorities have closed down six prominent hotels situated in the Haya Hulet and Bole areas of Addis Abeba. The establishments are the latest to join a long list of hotels, bars and restaurants, inclu...

Jul 24 , 2021

Ed Stelar Gears Up for Export

A local company, Ed Stelar Foods Plc, is warming up to start exporting semi-processed meat products, particularly burger patties and meatballs, to Somaliland, Djibouti and the United Arab Emirates. ...

Jul 24 , 2021

Investors Show Little Appetite for Treasury Bills

Bidders showed a lack of appetite for the latest auction floated by the National Bank of Ethiopia (NBE) to sell 40 billion Br worth of treasury bills. Tasked with managing securities that will go t...

Jul 24 , 2021

Another Desert Locust Wave on the Horizon

Authorities warn that yet another wave of desert locust infestation could be heading to Ethiopia, as signs of an impending invasion are evident across several regions. Heavy rainfall, greater plant...


Most read

Columns

Commentaries | Apr 26,2025

Why African Leadership Matters in Geoengineering

Life Matters | Apr 26,2025

The House That Deceit Built

My Opinion | Apr 26,2025

The Activism Gets Funded But Not the Women Beneficiaries

Sunday with Eden | Apr 26,2025

When the Lens Crosses a Line

Agenda | Apr 27,2025

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

Editorial | Apr 26,2025

Policymakers Trudge Down a Path of Punitive Taxation


         ADVERTISEMENT

Read More

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