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Fortune News

Jan 29 , 2022

Bill Regulating Dispute-Riddled Real Estate Market Surfaces at Ministers' Council

Authorities have sent last week a long-overdue bill to the Council of Ministers, which regulates the real estate market, troubled by a series of legal wranglings between developers and disgruntled hom...

Jan 29 , 2022

Upcoming Regulation Offers Relief to Thriving E-Commerce Businesses

The business of electronic commerce (e-commerce) will see a long-awaited law come into force that will define tax obligations, determine privacy issues and govern agreements with users made online. ...

Jan 29 , 2022

Simien Mountains National Park Reopens to Sluggish Tourism Industry

One of Ethiopia's main tourist attractions began welcoming visitors last week, following two years of inactivity after tourists arrival plummeted due to a pandemic and militarized conflict. Semien Mou...

Jan 29 , 2022

City Culture Bureau to Give Heritage Status to Properties, Taitu Hotel

Many properties in Addis Abeba, including Taitu Hotel, are designated to receive certifications establishing their place as values of heritage. City officials will issue the certificates to buildings...

Jan 22 , 2022

THE COLOUR OF TIMQET

The faithful lean from a Sidist Kilo sidewalk in bright white threads to catch a whiff of frankincense. The occasion was Timqet, a religious holiday that commemorates the baptism of Jesus Christ; it i...

Jan 22 , 2022

Fuel Subsidies to Go Goose Egg Next Year

The federal government will likely toss fuel subsidies entirely by the middle of next year. The Council of Ministers has passed a regulation that would see subsidies progressively lifted off in a year...

Jan 22 , 2022

Abay Bank Pioneers Lending Under Warehouse Receipt Scheme

Abay Bank has availed 50 million Br in short-term loans to two cooperative unions, pioneering lending services under a warehouse receipt scheme launched three years ago by the Ethiopian Commodity Exch...

Jan 22 , 2022

Ethiopia Demands Kenya Tell Abducted Businessman's Whereabouts

Ethiopia wants to know the whereabouts of a businessman abducted in Nairobi two months ago. Ethiopian authorities placed a formal request last week to Kenya, demanding disclosure on where Samson Tekle...

Jan 22 , 2022

Kebena Riverbank to See Restoration, Rehabilitation Leading to Residents Relocation

The project to restore the riverbank of Kebena moves closer to realisation, with design firms bidding to win a contract for consultancy service. Ten companies have submitted expressions of interest...

Jan 22 , 2022

Fed Subjects Somali, Oromia Towns to Fuel Quota in Crusade against Contraband Trade

Federal authorities have put dozens of towns alleged to be hubs for contraband fuel trade under a quota-based distribution regime following a study by the Ministry of Trade & Regional Integration...

Jan 22 , 2022

Worries Bubble Enat Bank Pace Lacking Vigor to Meet Capital Threshold in Four Years

Enat Bank, one of the youngest banks in the industry, saw shareholders' return on investment dip for the second year in a row, despite an improved performance last year. But shareholders should hav...

Jan 22 , 2022

Foreign Ministry 1.1b Br Office, Housing Complex Up for Construction Bid

A housing and office complex designated for the Ministry of Foreign Affairs is up for bidding for prospective construction firms five months after a contract awarded to Afro-Tsion Construction Plc was...

Jan 15 , 2022

HIBRET STANDS TALL & HIGH

Melaku Kebede (leftmost), president of Hibret Bank, was all smiles late last week as he showed off to President Sahle-Work Zewde and Yinager Dessie (PhD), governor of the National Bank of Ethiopia (NB...

Officials Pledge Hope for Urban Farmers with City Land Policy Change

The federal government is preparing to incorporate farmlands located in the peripheries of Addis Abeba under the urban cadastre system, amending an eight-year-old law that governs urban landholding re...

Jan 15 , 2022

Government to Decide Threshold Fees for Architects, Consultants

The state will soon determine fees in the construction industry for design and supervision works, ending a competitive market applied to date. The rare move in attaching value to a professional ser...

Jan 15 , 2022

Berhan Bank Pays 86m Br to ERA Over Advance Guarantee Default: Court Orders

Judges at the Federal High Court have ordered Berhan Bank to pay 86 million Br to the Ethiopian Roads Administration (ERA) a year after the court battle began. The Bank had issued an advance payment g...

Columns

Commentaries | Jul 31,2026

The Rains May Fail, Policy Dare Not

Weldu Yiheysh has not read the Pacific temperature charts. He does not need to. In Shibta...

Editorial | Jul 31 , 2026

SMALL-NOTES SQUEEZE WORN, TORN, NEVER RETURNED

For Hirut Ayalew, a small shop owner around Ferensay Legasiyon, the shortage of usable sma...

Featured | Aug 1 , 2026 . By BIZUAYEHU ABIY

Tax Bills Outrun the Metre, Stalling Ride-hailing Drivers

Elbeletel Tilahun was among the ride-hailing drivers startled by this year's tax assessmen...

Agenda | Aug 1 , 2026 . By BEZAWIT HULUAGER

Right-sizing Tests Addis Abeba University’s Promise for Autonomy

Addis Abeba University set out to win its institutional autonomy. Two years in, that freed...

Fortune News | Aug 1 , 2026 . By NAHOM AYELE