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COVID-19 Positivity Rate Reaches Zenith as Fourth Wave Sets In


COVID-19 Positivity Rate Reaches Zenith as Fourth Wave Sets In

The Ethiopian Public Health Institute announced that the positivity rate for COVID-19 has reached up to 89pc in select areas of Addis Abeba where it conducted surveys. People have been flocking to health centres for treatment for a flu-like disease presenting symptoms such as headache, fatigue, back and joint pain, and coughing. The Institute has cautioned the public to take the illness seriously as a potential COVID-19 infection. Of the 55,562 people that went to the health centres in the capital for treatment in the past week, close to half tested positive for COVID-19. Country-wide, the positivity rate is hovering around 36pc, up from five percent two weeks ago. The Institute warns that another wave of the pandemic has come with potentially devastating consequences. Last week alone, some 41 people succumbed to the virus while 260 patients were admitted to intensive care units. Over 33,000 people tested positive over the same period.

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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...


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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...


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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...