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Ethiopia-China Cooperation Committee Bridges the Gap to Rural Electrification

Oct 2 , 2023


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With hopes of scaling up the solar power capacity through a special vehicle funding system, the Ethiopia-China Cooperation Committee has a discussion with the Ethiopian Investment Commission (EIC) officials on its Light Up Ethiopia Villages program. Deputy Commissioner Temesgen Tilahun expressed his commitment to the realisation of the project and implementation of the wider engagement. China has been Ethiopia's largest source of investment for decades in addition to its grants and loans for several government projects. Its investors play a pivotal role in creating job opportunities and transferring technology in the country most of them still involved in industrial parks. Led by the Committee president Betty Xu (PhD) the project aims to increase the business and investment of Chinese enterprises and build an all-round high-end service platform between the two countries.


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Annual U.S.–Ethiopia Real Estate Expo to Debut in July

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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...