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



Addis Abeba Dictates Minimum Building-Road Setbacks


Addis Abeba Dictates Minimum Building-Road Setbacks

New regulations from the Addis Abeba City Cabinet dictate minimum distances buildings must be built from roadways. Buildings must be at least 10m from the main road edge while five meters and two metres distance is required from sub-main roads and neighbourhood roads, respectively.

The regulations arose from the experience of developing the massive corridor project over the past three months, which led to the demolition of several buildings and homes located on the roadside. The grand corridor development covering 47.5hct across five main routes will entail around 400 building renovations, 70 public parks, 100Km of bicycle lanes and 96Km of pedestrian sidewalks upon completion. While the project has not been completed in the three-month schedule initially announced certain parts of the capital have already been permanently transformed.

According to the statements made last week, a "smart city" requires an environment devoid of immediate threats to pedestrians from tall buildings, complementary aesthetic standards of buildings, and smooth traffic flow.

[ssba-buttons]

Radar

Annual U.S.–Ethiopia Real Estate Expo to Debut in July

Harvest Circle Inc., a U.S.-based organisation, will launch the first annual U.S.-Ethiopia Real Estate & Construction Expo in July 2026. The event will bring together Ethiopian and U.S. real estate developers, construction firms, banks, insurers, property managers, and investors to explore partnership, financing, and investment opportunities. Organisers say the platform seeks to promote private sector-led urban development, facilitate diaspora investment, and expand market access for Ethiop...


Radar

Addis Abeba Housing Bureau Warns Landlords against Illegal Rent Hikes, Threatens Legal Action

The Addis Abeba Housing Development and Administration Bureau has issued a warning to landlords attempting to impose unauthorised rent increases or carry out unlawful evictions as the residential leasing cycle nears its statutory June 30 deadline. The warning follows reports of landlords pressuring tenants to vacate properties under claims of personal use or sale, alongside demands for steep rent hikes, according to comments made to state media. Kidist W. Giorgis, Head of the Bureau, said...


Radar

Development Bank Turns Corner as Profit Hits Eight Billion Br

The Development Bank of Ethiopia (DBE) posted a gross profit of eight billion Br in the first nine months of the fiscal year while repaying 15.6 billion Br in outstanding debt. Total income reached 17.3 billion Br, exceeding its target by 12pc. Presenting its performance to the House of Peoples' Representatives Standing Committee for Government Development Organizations, the bank highlighted progress from ongoing reforms, including reducing its non-performing loan ratio to 13.4pc, below the Nati...