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




Authority Tightens Grip on Road, Industrial Construction

Jan 23 , 2021


[ssba-buttons]

The Construction Works Regulatory Authority has announced that it will be more stringent in its follow-up, particularly with regard to delays at road and industrial construction projects, stressing that construction is a fundamental stepping stone to the commencement of any business or industry. The announcement came during a new campaign the Authority kicked off on January 23, 2021. Dubbed "A Successful Construction Industry for Ethiopian Prosperity," the campaign is being held to create awareness about its five-year strategic plan. The campaign will be a month-long affair during which discussion events will be held in the cities of Hawassa, Jimma, Debre Birhan, Jijiga and Adama. It is expected to involve the participation of over 1,000 representatives from all of the regional states, the Addis Abeba and Dire Dawa city administrations, federal institutions, trade unions and educational institutes. Established two years ago, the Authority oversees the quality and efficiency of the construction industry and industrial inputs. It also works on ensuring the well-being of the environment and public health with regard to construction.


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...