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



Bottlers Association Gets New Executives

Ethiopian Bottled Water, Soft drink, Fruit & Vegetable Processing Manufacturing Industries Association in its general assembly on August 1, 2019, elected Getenet Belay, manager of Aqua Addis bottled water as its board president.


Bottlers Association Gets New Executives

Ethiopian Bottled Water, Soft drink, Fruit & Vegetable Processing Manufacturing Industries Association in its general assembly on August 1, 2019, elected Getenet Belay, manager of Aqua Addis bottled water as its board president. Getenet, before founding Aqua Addis, served at Ethiopian Airlines as manager of the engineering and planning department, as well as director of the capacity development planning department for 15 years. He has a bachelor’s degree in mechanical engineering from Addis Abeba University and got his Master of Business Administration degree from Lincoln University, USA. The Association also elected Berhane Gebreselassie, founder and general manager of Cado Industry Fruit & Vegetable Processor Company as the chairperson. The Association was formed in February 2019 with the merging of two associations, one representing bottled waters and soft drinks manufacturers, and the other fruits and vegetable processors.

[ssba-buttons]

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...