Bank of Abyssinia, Fastpay Seal Digital Remittance Deal

Radar

Industrial Parks Deploy 6.9b Birr Incentive Push to Scale Local Manufacturing

The Industrial Parks Development Corporation (IPDC) has allocated 22 hectares of rent-free land and a 6.9 billion Br incentive package to 50 local medium-sized manufacturers. The programme targets import substitution, with 24 firms assigned to the Kilinto Special Economic Zone for pharmaceutical and medical equipment production, while the remaining 26 will operate across the Bole and Kilinto corridors. According to IPDC Deputy CEO Fitsum Ketema, the package is designed to ease upfront capital...

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...

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...