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




City Inaugurates Qality Bus Depot

May 16 , 2020


[ssba-buttons]

The Qality Bus Depot, built for 790 million Br, was inaugurated on May 16, 2020, in the presence of Deputy Mayor Takele Uma. Qality Bus Depot, which rests on five hectares, has a garage, washing and fuel supply facilities, and an administration building. With 12 vehicle washrooms and four gas stations, the Depot can accommodate 250 to 300 buses on its ground-level floor and 85 buses on the underground floor. It is also fitted with security cameras along with a dispatch service centre. The Depot will be providing service to the 3,000 buses the Administration plans to buy. The Administration has additionally secured two hectares of land adjacent to the Depot for its expansion. The deputy mayor, in his speech at the inauguration, cited the Depot and Sheger Bakery as examples of projects focusing on benefiting middle and low-income citizens.


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...