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Fortune News

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...

Oct 2 , 2021

Enterprise to Lease Expressway Service Area to Private Operators

Prospective investors will soon lease a service area to host a gas station, retail centre, parking space, motel and restaurant, along the Tulu Dimtu-Adama Expressway. Executives of the Ethiopian To...

Oct 2 , 2021

Associations Receive Nod to Buy 1,500 Taxis Duty Free

Dozens of taxi associations are one step closer to realising their dream of buying 1,500 vehicles after federal authorities gave the nod of approval last week. The cars are to be assembled domesticall...

Oct 2 , 2021

Geospatial Institute Acquires Time-Saving, Data Quality Tech

A Geospatial Information Institute (GII) has acquired a new technology that is hoped to significantly cut down the time it takes to conduct mapping surveys. The light detection & ranging (LiDAR...

Sep 30 , 2021

DEVELOPING STORY: Somali Polling Station Closed over Security Concerns

A polling station in Moyale town, Somali Regional State, has had to be shut down due to security threats, disclosed Birtukan Mideksa, head of the National Election Board of Ethiopia (NEBE). Over fi...

Sep 30 , 2021

DEVELOPING STORY: Addis Abeba Stations Host Harari Voters

Six polling stations in the capital are open to voters casting their ballots for constituencies in Harari Regional State. Voters will be choosing their parliamentary representatives and 36 candidates...

Sep 30 , 2021

DEVELOPING STORY: Polls Open for Deferred Elections

Voters in 47 constituencies in the Somali, Harari and Southern regional states, as well as Dire Dawa City Administration, are casting their ballots in the sixth national elections. These were some of...

Sep 26 , 2021

CONSUMERS' ONION TEARS

Consumers are no strangers to sharp increases in the prices of goods and services, considering the consistent inflationary pressure in the economy. Nonetheless, not many were prepared onions, usually...

Sep 30 , 2021

Sluggish Treasury Bill Market Hog-ties Gov't Budget Deficit Narrowing Effort

The central bank's treasury bill (T-bill) auctions continue to underperform as recent measures from the regulatory body jeopardise banks' liquidity positions. Financial and non-financial institutio...

Sep 26 , 2021

Ethiopia's Officials Feel Junk Credit Rating Short-term Worry

Standard & Poor's (S&P), an American credit rating agency, has downgraded Ethiopia's credit standing to "junk", caused by political turbulence, civil war and a fall in assistance from developm...

Sep 26 , 2021

Central Bank Exempts Microfinance from Loan Freeze

The freeze placed on asset-based loans could not apply to microfinance institutions (MFIs), the National Bank of Ethiopia (NBE) said. They are exempted from the freeze, irrespective of the types of...

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