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




Banks Donate 32.5m Br for School Feeding Programme

Sep 11 , 2020


[ssba-buttons]

All banks, including the Commercial and Development banks of Ethiopia, have donated 32.5 million Br to the School Feeding Programme. With one million Birr being the lowest contribution and five million Birr being the highest, the donations were given to the programme at the end of last week. Two weeks ago, the newly appointed Deputy Mayor, Adanech Abebie, met up with the president of each bank at Sheraton Addis Hotel to request their help for the Programme. Earlier last week, they received recognition from the Addis Abeba City Administration. The School Feeding Programme was launched at the initiative of the former Deputy Mayor of the city, Takele Uma, and has allocated 1.2 billion Br for the coming school year. The School Feeding Agency is looking for 45 construction companies that will construct kitchen and dining halls across 151 schools in the city. The project, which is estimated to cost 25.5 million dollars, will be financed by the World Bank.


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...