FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds

Fortune Logo

Fortune News

  1. Home
  2. Fortune News

Nov 27 , 2021

SUNDAY MARKETS OFFER RESPITE

Sunday has become a sought-after market day for residents of Addis Abeba. If they venture into the areas of Mexico, Megenagna, Qality, Jemo or Piassa, they are bound to run into lively marketplaces wh...

Nov 27 , 2021

Central Bank Spurns Insurer Outcries Over DBE Bonds

The central bank has rejected pleas from the insurance industry to ease demands on firms to invest in bonds issued by the Development Bank of Ethiopia (DBE). Regulators at the National Bank of Ethi...

Nov 27 , 2021

Roads Authority Lifts Embargo on Tsehay Insurance Following 4.7m Br Settlement

The Ethiopian Roads Authority (ERA) has lifted a ban on Tsehay Insurance S.C. preventing it from issuing advance payment and performance guarantee bonds for contractors ERA hires. The move comes af...

Nov 27 , 2021

Banks Scramble to Know Clients in More Depth

Financial institutions are scrambling to get a hold of account holders' personal information in the wake of a directive from the National Bank of Ethiopia (NBE) requiring them to compile data before t...

Nov 27 , 2021

Vehicle License Plate Production to Go Private

The Ministry of Transport & Logistics is to delegate part of its roles to the private sector, including vehicle license plate production and distribution to regional offices. Issuing licence pl...

Nov 27 , 2021

Bunna Relishes Newfound Life Insurance Success

The executives of Bunna Insurance S.C. are basking in the instant success of a life policy as the firm recorded 8.5 million Br in gross premiums in the two months since it began offering the insurance...

Nov 27 , 2021

Microfinance Institutions Swell National Switch Operator Ranks

The rank of microfinance institutions (MFI) joining a national payment system is swelling following three MFIs showing strong interest in acquiring shares with EthSwitch S.C. The three MFIs joining...

Nov 20 , 2021

A TAX SEASON FOR ATROPHIED ECONOMY

As October and November rolled in, so did the tax season, when tax officials and businesses began an annual ritual of testing one another's patience. However, the tax bureaus were not as crowded, stuf...

Debt Soaked Sugar Corp Wants 11.3b Br in Loans

The Ethiopian Sugar Corporation (ESC) has placed loan applications with the state-owned Commercial Bank of Ethiopia (CBE) for 11.3 billion Br for rehabilitation works and servicing debts. Nearly ha...

Nov 20 , 2021

Security Concerns Drive Pioneering Tenant Away from Hawassa Industrial Park

An international apparel company that has played a pioneering role in establishing the Hawassa Industrial Park has unplugged its operation and is leaving, owing to increasingly fluid security situatio...

Nov 20 , 2021

Awash Insurance to Erect Second HQ

Awash Insurance plans to erect a new headquarters building in Addis Abeba's financial district of the Senga Tera area, marking the second project of such purpose. Awash has acquired a 3,870sqm of l...

Nov 20 , 2021

Trade Ministry Plans to Allow Retailers Distribute Fuel in Rural Areas

The federal government is to begin licensing small-scale fuel retailers in rural areas where gas stations are few and far between. A directive is in the making that will allow individuals and business...

Nov 20 , 2021

Despite Rise in Net Claims, United Shores Up Profits

United Insurance saw a rise in profits last year, netting 145.1 million Br, a 17pc jump compared to the previous year. It is a profit recorded notwithstanding the severity of road accidents, escala...

Nov 13 , 2021

TESTED IN UNCERTAIN TIMES

A fraction of the 1,000 Menelik II Preparatory School students stood outside the gates of their exam centres in the early hours of the day last week. Pencils and blank papers were at the ready. Secur...

Nov 13 , 2021

State Liability Company Settles 34b Br in Public Enterprise Debts

A public corporation established to soak up the debt of state-owned enterprises has settled 34.1 billion Br in arrears owed by three such companies. The former Metals & Engineering Corporation...

Banks Raise 1.2b Br for Humanitarian Response

Banks have raised 1.23 billion Br to support efforts by the federal government to provide humanitarian assistance to the displaced in the northern parts of the country due to the year-old militarized...


Most read

Columns

Commentaries | Jul 31,2026

Reconstitute the Institution That Propelled Ethiopia’s Floriculture Globally

Life Matters | Jul 31,2026

The Fear I Learn to Let Go Of

My Opinion | Jul 31,2026

Ethiopia Built the Rooms. Now Fund the Startups

Sunday with Eden | Jul 31,2026

What Every Parent Really Asks in Children Education

Agenda | Aug 01,2026

Tax Bills Outrun the Metre, Stalling Ride-hailing Drivers

Editorial | Jul 31,2026

The Rains May Fail, Policy Dare Not


         ADVERTISEMENT

Read More

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