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Document Service Reports Billions in Revenue, Exceeds Half-Year Plan


Document Service Reports Billions in Revenue, Exceeds Half-Year Plan

The Documents Authentication & Registration Service collected over 1.9 billion Br in service fees and stamp duty in the past six months, achieving 112pc of its half-year target. The office, which serves an average of 6,000 clients a day, handled more than 900,000 clients during the period, maintaining full service availability. Officials said 80pc of clients were served through the online system. Client numbers rose by 166,459 compared with the same period last year, driving higher revenue from fees and stamp duties. Measures to curb counterfeit documents, including secure paper and dry stamps, security labels, use of Fayda ID, and system linkages with other institutions, reduced forgery cases by 95pc year-on-year.

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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...