Fortune News

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

Fortune News

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...

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...

Columns

Commentaries | Aug 29,2026

The Education Minister Celebrates the Wrong Numbers

Every year, the Ministry of Education (MoE) sets a national examination. Every year, it fa...

Editorial | Aug 28 , 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

Between Tax Authorities, Dealers, Buyers Who Cannot Keep Up

For Tefera Worku, buying a car was meant to be a simple calculation of convenience. The co...

Agenda | Aug 29 , 2026 . By FITSUM TADESSE

Fed Now Repays Its Bills with More Bills

The federal government is increasingly relying on Treasury bills (T-bills) to repay Treasu...

Fortune News | Aug 29 , 2026 . By BEZAWIT HULUAGER