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EU, Finance Ministry Sign Deal for 2025 Action Plan


EU, Finance Ministry Sign Deal for 2025 Action Plan

Ministry has signed a €90 million finance agreement with the European Union (EU) under the Annual Action Plan (AAP) 2025, marking a renewed phase of cooperation. The deal was signed last week in Addis Abeba by Semereta Sewasew, state minister for Finance, and Sofie From-Emmesberger, the EU ambassador to Ethiopia. According to Semereta, the funding will go toward strengthening land governance, advancing nature conservation, empowering women, and supporting migrant integration. She said the agreement reflects Ethiopia’s ongoing economic reforms and post-conflict reconstruction priorities. Ambassador From-Emmesberger noted that the plan aligns with the Home-Grown Economic Reform Agenda and supports the EU’s Global Gateway Strategy, designed to deepen economic ties and promote sustainable growth.

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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...