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Fortune News

Nov 13 , 2021

Authorities to Introduce Mandatory COVID-19 Jab for Service Sector, Health Professionals

COVID-19 vaccination by personnel working in the health, financial and transport sectors will be mandatory following a recommendation from a task force comprised of officials from the Ministry of Heal...

Nov 13 , 2021

Security Concerns Cast Doubt on Addis Abeba Global Telecom Conference

An international conference scheduled to take place in Addis Abeba next year faces uncertainty following the introduction of a nationwide state of emergency two weeks ago. The International Telecom...

Nov 13 , 2021

Car Injury Victims to See Medical Expense Limit Rise to 40,000 Br

The Insurance Fund Administration Service (IFAS) is set to introduce a new arrangement at the end of 2021, compelling health institutions to treat those injured in road accidents for up to 40,000 Br....

Nov 13 , 2021

Dashen Bank Senior Executives Leave for New Pastures

Two senior executives of Dashen Bank have left to take the helms of newly-established financial institutions. Last week, Yared Mesfin, chief corporate banking officer, was approved by regulatory autho...

Nov 13 , 2021

Trade Bureau Issues Notice for Mercato Commercial Property

Municipal authorities have issued a notice to a share company that owns a commercial property in Mercato, demanding managers meet a list of requirements within 15 days or face permanent closure. Ed...

Nov 6 , 2021

AGRICULTURE DE-GROWTH!

The calamities the spreading civil war has brought are only mounting by the day. As escalating food prices show, one of the most perceptible is falling agricultural output as the scale of the war and...

Nov 6 , 2021

Fintech Firms Edge Closer to Launch Digital Payment Services

Three companies in the information technology sector will soon launch online payment systems without partnering with financial institutions, ushering in a new era of financial services outside banks....

Ministry Mulls Higher Profit Margin for Petroleum Industry

Petroleum product retailers and distributors stand to see a significant increase in profit margins if a directive in the making by the Ministry of Trade & Regional Integration wins approval from t...

Nov 6 , 2021

ECX Seats Receive Eight-Fold Threshold Value

A seat at the Ethiopian Commodity Exchange (ECX) has attracted a record high offer after a businessman bid eight times higher than the threshold value set by the Exchange. Kebede Belema has placed...

Nov 6 , 2021

Insurance Lobby Pleads Regulators for Bond Rethink

Insurance firms have petitioned the central bank to reduce the minimum amount required to invest in bonds issued by the Development Bank of Ethiopia (DBE), claiming the requirement would put the indus...

Nov 6 , 2021

Authority Bans Baby Formula Products Promotion

The federal government has banned the promotion and advertisements of infant formula, enforced beginning last week. Authorities are increasingly concerned with the growing use of substitute formula un...

Nov 6 , 2021

Disease Blights Coffee Output in Southern Region

Tens of thousands of farmers in the primarily coffee-growing areas of the south face risk of loss with the spread of a fungus damaging coffee beans. Over 32,000 farmers in the Gedeo Zone of the Sou...

Oct 30 , 2021

GOH SWEET HOME

Addis Abeba's Mayor, Adanech Abiebie, was given a tour of the headquarters of Goh Mortgage Bank as it opened its doors last Monday by Mulugeta Asmare (centre) and Gebreyesus Egata (right), president a...

Salt Trader Embarks on 8b Br Addis Abeba Tower Projects

A proprietor of a landmark building near Mexico Square aspires to finance a series of skyscraper projects in Addis Abeba estimated to cost close to eight billion Birr. Temesgen Kefyalew, a business...

Oct 30 , 2021

Businesses to Authenticate Loans above 25,000 Br Before Notary Officer

Businesses taking loans of above 25,000 Br from non-financial institutions will be required to authenticate the borrowing before an officer of the Documents Authentication & Registration Agency if...

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...

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