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Fortune News

Jan 1 , 2022

Federal Agency for Road Safety, Insurance Under Formation

Transport authorities are forming a federal agency responsible for all road safety activities at the national level, merging two other agencies now defunct. The Road Safety & Insurance Fund Ser...

Dec 25 , 2021

Bunna Bank Turns Tide from Declining Growth

Bunna International Bank managed to steer itself back into the realm of positive growth after making a profit that has made the turnaround. Netting 670.6 million Br in its operations last year, a ...

Dec 25 , 2021

EXTERNAL LOANS SPELL TROUBLE

Public projects stalling due to financing issues have been a challenge to the government for almost as long as Ethiopia honed in on infrastructure development as the key to economic growth. The usual...

Dec 25 , 2021

Government Stops Wheat Subsidies, Pushes for New Distribution Scheme

The federal government will stop subsidies on imported wheat altogether, replacing the long-held practice with a new distribution scheme. The move comes barely two weeks after fuel subsidy scale-backs...

Dec 25 , 2021

Edna Mall Handover Takes Sour Turn with Employees

Employees of Edna Mall have threatened to take the property's management to court, alleging "unlawful dismissal" as the Commercial Bank of Ethiopia's (CBE) handover to East Steel Plc takes a sour turn...

Dec 25 , 2021

GERD Cement Feud Leaves Trucks Stranded at Border Checkpoints

Close to 300 freight trucks heading to ports in Djibouti have been stranded at the Dewele and Galafi border checkpoints beginning last week due to disagreements with the authorities over a mandatory r...

Dec 25 , 2021

Insurance Agency Hires Kenyan Firm for Third-Party Pricing Adjustments

Reforming the law that governs third-party insurance moved forward last week as a Kenyan-based firm is hired to undertake actuarial services for the proposed increase in premiums and compensation. ...

Dec 25 , 2021

Two Dozen Microfinance Firms Deploy $3m Shared Core Banking System

Two dozen microfinance institutions (MFIs) have deployed a shared core banking system developed in-house at their association's base at the cost of three million dollars. The system has been in dev...

Dec 25 , 2021

City Bus to Acquire 644m Br Intelligent Transport System

The Addis Abeba City Roads Authority has hired Chinese suppliers to acquire an intelligent transport system connecting the city bus service's fleet to a central database in real-time. The system is de...

Dec 25 , 2021

Wolayita Zone to Get 2.5b Br Irrigation Dam as Ministry Launches Maiden Project

The federal government has embarked on constructing an irrigation project its planners believe will benefit 65,000 farmers in the Wolayita Zone of the Southern Regional State, 180Km north of the town...

Dec 19 , 2021

ETHSWITCH PAYS FORWARD

Central bank Governor Yinager Dessie (PhD) and Dereje Zenebe (far left), president of Zemen Bank, joined Tsehay Shiferaw (second from left) and Yilebes Addis, board chairperson and CEO of EthSwitch, r...

Dec 19 , 2021

Ministry Rescinds Duty Privileges, Leaves Taxi Associations Fuming

Taxi drivers looking to take advantage of duty exemptions on the imports of knocked down vehicle parts for domestic assembly are left reeling as officials at the Ministry of Justice have ruled the dir...

Dec 19 , 2021

CBE Wallows in Turkish Textile Conundrum as Assets Fail to Attract Buyers

The management of the state-owned Commercial Bank of Ethiopia (CBE) continues to wane in its botched efforts to sell off textile plants foreclosed from Turkish investors after defaulting on billions o...

Dec 19 , 2021

Coffee Industry Sees Steady Growth, But at What Cost?

The notion that Ethiopia, as the birthplace of coffee, receives a fraction of what consumers pay for their cups is becoming a thing of the past as farmers' earnings continue to rise. They sell a kilog...

Dec 19 , 2021

MPs Mull Over Lifting Pension Fund Investment Restrictions

A bill proposes to allow private and public pension funds to invest in high-yielding ventures, replacing a law that restricts them from putting the fund in all but treasury bills. Last week, Ethiop...

Dec 19 , 2021

Ministry Designates Addis Abeba Hospitals for Health Infrastructure Repair in North

Nearly a dozen public hospitals in Addis Abeba have been placed in charge of restoration works for health centres located in the Amhara and Afar regional states, where war has destroyed medical infras...

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