Fortune News

FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New

Fortune News

Oct 30 , 2021

Foreign Affairs 'Right-Sizing' Leaves Citizen Abroad in the Cold

Ethiopian citizens abroad are in a precarious situation following disarray at diplomatic missions resulting from the administration's overhaul in the Ministry of Foreign Affairs. The missions witne...

Oct 30 , 2021

Awash Insurance Profits Surge, Shareholder Earnings Dwindle

Shareholders of Awash Insurance may have reasons to get displeased despite a remarkable net profit the firm has made from its operations last year. Awash has reported a 270 million Br profit in 20...

Oct 30 , 2021

Labour Union Struggle Faces Stiff Resistance in Hawassa Park

Five companies operating in Hawassa Industrial Park have rejected the rights of nearly 6,000 employees to form labour unions. Managers of Arvind Lifestyle Apparel, JP Textile, JP Garment, Isabella...

Oct 30 , 2021

City Cabinet Increases Public Health Premium Rate by 30pc

Under a public-health scheme in Addis Abeba, community insurance beneficiaries will be subjected to a 30pc increase in their annual premium to 500 Br. The move comes a year after the Ethiopian Heal...

Oct 23 , 2021

A TAXING TIME!

Beverage companies and commercial banks dominated last week's event held at the Grand Palace up at Arat Kilo. Prime Minister Abiy Ahmed (PhD) handed out recognition awards to over 300 taxpayers for th...

Oct 23 , 2021

Banks Told to Re-invest Returns from Bonds on T-Bills

The central bank has instructed commercial banks to reinvest returns from bonds maturing next year and onwards on treasury bills. The banks bought the bonds for eight years after a directive from t...

Technology Park Price Tag Vexes Investors

Companies setting up data centres at the Addis Abeba ICT Park are embroiled in a dispute over lease payments after a Corporation administering the park revised lease prices. Raxio Data Plc, RedFox...

Oct 23 , 2021

IMF Unable to Project Ethiopia Growth for Volatility, Pending Debt Talks

The International Monetary Fund (IMF) left Ethiopia out of its economic growth projections for next year due to political volatility and pending negotiations over external debt restructuring. Since...

Oct 23 , 2021

Inflation Rages in War Torn Tigray Region

The war-ravaged Tigray Regional State is undergoing hyperinflation, with two of its towns seeing the prices of goods skyrocketing by up to 2,300pc, according to a report released by the United Nations...

Oct 23 , 2021

Roads Administration Installs 300m Br Data Centre

The Ethiopian Roads Administration (ERA) has installed a data centre at its headquarters on Ras Abebe Aregay St., near Mexico Square, with a cost of 300 million Br obtained from the World Bank. The...

Oct 23 , 2021

Debt Reprofiling Ambiguity, Instability Dampens Ethiopia's Credit Standing

Moody's Investors Service, a global credit rating agency, has further downgraded Ethiopia's creditworthiness from Caa1 to Caa2, citing delays and ambiguity in debt reprofiling, economic volatility and...

Oct 23 , 2021

Awash Second Firm to Launch Clinical Trial Coverage

Awash Insurance S.C. plans to start a clinical-trial coverage policy, submitted its proposal to the insurance supervision directorate at the National Bank of Ethiopia (NBE) last month. If permitted...

Oct 16 , 2021

UPHILL CAPITAL TOO HIGH TO CLIMB!

Over a dozen banks hoping to join the industry saw their ambitions screech to a halt last week as they failed to meet a deadline to raise half a billion Birr in paid-up capital. The central bank gave...

Oct 16 , 2021

Gold Explorer Suspends Oromia Operation over Security Concerns

An overseas firm exploring gold in Western Wellega Zone has suspended the erection of a production facility in Tulu Kepi due to security concerns. The second suspension comes weeks before a government...

Oct 16 , 2021

TotalEnergies Partnership Leads to Dispute, Station Closures

Gas station operators under TotalEnergies Ethiopia find themselves in precarious circumstances following a partnership deal the oil company has entered into with a coffee shop and tyre repair company...

Oct 16 , 2021

Justices Overrule Favouring Ghion Hotel over Disputes with Filmmaker's Company

Justices at the Supreme Court have ruled in favour of the Ghion Hotels Enterprise over litigation against a private company undertaking construction works inside one of Addis Abeba's most valued landm...

Columns

Commentaries | Jun 06,2026

The Elections Offered Order at the Centre, Silence at the Edges

For a political veteran as controversial as Getachew Reda, last week's national elections...

Editorial | Jun 6 , 2026

Addis Abeba Pours a New Story in Every Cup, Where Tradition Meets Global Influence

Customers settle into a carefully curated space of dark wood, black accents, muted green f...

Featured | May 31 , 2026 . By HELINA HADGU

THE GOLD RUSH RUNS OUT OF FUEL

Zenebe Girja used to sit close to the centre of the formal gold trade, where sacks of raw...

Agenda | Jun 7 , 2026 . By MASTEWAL ZEMENE

National Census Delay Opens a New Fight Over Who Controls the Facts

The long-delayed census has returned to Parliament not as a counting exercise, but as a fi...

Fortune News | Jun 7 , 2026 . By NAHOM AYELE

News Alert