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Ethio-Djibouti Railway Undergoes Major Overhaul to Promote Train Speeds


Ethio-Djibouti Railway Undergoes Major Overhaul to Promote Train Speeds

The Ethio–Djibouti railway is undergoing a comprehensive upgrade, with outdated equipment being removed and replaced with modern components. CEO Takele Uma noted that lines inactive for the past eight years are being restored, with the stretch from Sebeta Railway Station to Djibouti’s Nagad Railway Station receiving high-quality, expedited renovation. Once completed, freight train speeds are expected to rise from 60 km/h to 67 km/h, while passenger services will increase from 70 km/h to 90 km/h. Efforts are focused on bringing out-of-service lines back into operation and fully restoring their intended services. While officials did not clarify the cause of the prolonged interruption, they anticipate the renovations will be finished within four months.

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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...