Fortune News

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

Fortune News

Oct 16 , 2021

Agency to Prepare Separate Price Index for Construction Materials

The Ethiopian Statistics Service (ESS) plans to launch a price index survey focusing on construction materials and inputs. The index is anticipated to serve as a crucial marker in a government-mand...

Oct 16 , 2021

Mortgage Loan Caveat Leaves Loan Hopefuls Frustrated

Employees of banks and borrowers who buy assets under foreclosure cannot process applications for mortgage loans, despite a notice issued by the central bank earlier this month relaxing the freeze on...

Oct 16 , 2021

Exhibition Centre Deals Exceed 100m Br Threshold

Betahon Special Events Plc, a new entrant in the event organising industry, has grasped a deal to host the Christmas and Easter expos at the Addis Abeba Exhibition Centre after offering an unprecedent...

Oct 9 , 2021

PROSPERITARIANS' NEW CHAPTER!

From Arat Kilo to Mesqel Square, October 4, 2021, was a busy day. At the former, Parliament opened its first business of the next five years to form a government, while at the latter, tens of thousand...

Oct 9 , 2021

Ministry Ends Age-Old Logistics Monopoly, Partially

The state monopoly over the logistics sector will end soon, with federal authorities allowing up to five private operators to be involved in moving cargo shipments under the Free on Board (FoB) shippi...

Third-Party Insurance Policy Set for Amendment

Federal authorities gear up to amend compensation and premium rates for third-party motor insurance policies almost a decade after a proclamation compelling vehicle owners to have coverage was passed...

Oct 9 , 2021

Shipping Enterprise to Acquire New Vessels, Financing Remains Unsecured

The state-owned Ethiopian Shipping & Logistics Services Enterprise (ESLSE) is one step closer to acquire two cargo ships, though it is yet to secure financing to commission the ship-build. The...

Oct 9 , 2021

Donkey Slaughterhouse Opens After Seven-Year Deadlock

A donkey slaughterhouse has resumed operations in Assela town, in the Arsi Zone of the Oromia Regional State, after seven years delay due to public outroar. Rhong Chang, a China-based company, has...

Oct 9 , 2021

Hiber Shareholders Remain Upbeat about Ailing Company

The majority of shareholders at Hiber Sugar S.C. have voted against the liquidation of the ailing company despite not seeing dividends in over a decade. The decision was made as the company's manag...

Oct 9 , 2021

Ministry Suspends Contract Farming for Sesame, Pulses in Six Regional States

Officials of the Ministry of Trade & Industry (now the Ministry of Trade & Regional Integration) have banned sesame and pulses contract farming in six regional states, alleging widespread illi...

Oct 4 , 2021

DEVELOPING STORY: Gov't Inauguration Ceremony Kicks Off

An elaborate ceremony marking the formation of the new government has kicked off in Addis Abeba's Mesqel Square. Prime Minister Abiy Ahmed (PhD) and President Sahle-Work Zewde are among the senior go...

Oct 2 , 2021

MADAM MAYOR!

In a City Hall adorned with the theme of the New Year, Adanech Abiebie, 48, walked to a raised podium to take her oath for the highest executive office of the Addis Abeba City Council. She is the firs...

Oct 2 , 2021

Habesha Cement Faces Uncertain Future

Habesha Cement S.C is confronted with an uncertain future after incurring losses of 2.4 billion Br over two consecutive years, despite attempts to address its management turmoil and substantial demand...

Oct 2 , 2021

Ministry Requests $600m for Crude Palm Oil Imports

Officials of the Ministry of Trade & Industry have placed a request for the central bank to make 600 million dollars available for the imports of crude palm oil this year, used as an industrial in...

Oct 2 , 2021

Compulsory Workers' Compensation Insurance Policy Surfaces to Safeguard Seasonal Labourers

A new directive is on the horizon to make workers' compensation insurance policies mandatory for companies hiring seasonal workers. Drafted by experts of the Ministry of Labour & Social Affairs, t...

Oct 2 , 2021

Joint Venture to Erect Bank Card Manufacturing Plant in Addis

A joint venture is inching closer to erect Ethiopia's first ATM card manufacturing plant, presenting an opportunity for commercial banks to save millions in foreign currency spent every year on the pr...

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