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




Authentication Agency Latest to Strike Telebirr Deal

Sep 10 , 2022


[ssba-buttons]

The Document Authentication & Registration Agency (DARA) is the latest government institution to ink sign up for an electronic payment system under Ethio telecom's Telebirr mobile money platform. The Agency will allow for the settlement of service charges through Telebirr at any of its 15 branch offices, which serve more than 7,000 people a day involving transactions of over six million Birr. The services include the authentication of vehicle sales, rental and loan agreements, as well as memorandums of association. The state-owned Ethio telecom's Telebirr has garnered close to 23 million users since it was launched last May and facilitated transactions valued at over 26.6 billion Br. The platform has been designated as the mode of reimbursement for public transport vehicle owners under the federal government's new dual-rate system at gas stations following the start of a progressive lift-off of fuel subsidies.


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...