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




Agency Saves Half Billion Birr Through Kaizen

Sep 8 , 2019


[ssba-buttons]

Ethiopian Pharmaceutical Supply Agency has saved half a billion Birr through the implementation of the Kaizen business philosophy in the recently ended fiscal year. Out of 19 branches, the Agency implemented Kaizen philosophy in Hawassa and Meqelle branches, according to Muluwork Setegn, planning, follow up and evaluation director at the Agency. Through implementing Kaizen philosophy, the Agency minimised the number of its rental warehouses from 23 to three. Drawn from this experience, the Agency plans to implement the philosophy in its 15 branches and has begun to give training at its Hawassa, Meqelle, Bahir Dar and Jimma branches. During the recently ended fiscal year, 14 billion Br worth of pharmaceuticals and medical equipment were distributed to 4,588 governmental medical institutions. The Institute, which was established in 2011 under the initiative of the late Prime Minister Meles Zenawi, has enabled 600 factories and service-providing companies to save nearly 2.8 billion Br by managing waste through the implementation of the Kaizen philosophy.


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...