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




Commodity Transaction Hits 2.9b Br

Aug 10 , 2019


[ssba-buttons]

The Ethiopian Commodity Exchange (ECX) traded 2.9 billion Br worth of commodities in July 2019. Coffee took top billing in volume and value, followed by sesame, soya beans and white pea beans. ECX transacted  5,817tn of sesame for 320.2 million Br and 11,273tn of soya beans for 170.2 million Br. It also transacted 1,765tn of white pea beans for 35.5 million Br and 28tn of green pea beans for 792,000 Br. ECX transacted 20,326tn of unwashed coffee for export with a value of 1.5 billion Br. Meanwhile, it traded 5,923tn of unwashed coffee for the local market at 364.9 million Br. The value shows an increase of seven percent compared to the same period last year. It transacted a total of 32,291tn of washed and unwashed coffee in July.


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...