Gojo Lottery Draw Sees 105 Houses Assigned

Jan 14 , 2023


[ssba-buttons]

Of the 8,127 residents that have dwelled to get a house in the capital, 105 got lucky as Gojo Bridge Housing has drawn its first round lottery. The lottery was drawn for members saving 2,000 Br every month for the last year following an advance payment of 52,000 Br. Gojo was established in February 2021 to ease the housing problem in the city by introducing a platform that connects private landowners, home buyers, lenders, and developers. The lottery that was planned to be drawn a few months back was postponed due to a system malfunction. Four months ago, the company partnered with the Ministry of Health and Dashen Bank to deliver 10,000 affordable housing for health professionals in the city at separate sites. The CEO Almaw Gari told participants the drawing system developed by Addis Abeba University is automated and is reserved from manual manipulation, at the event held at Eliana Grand Hotel on Churchill Road. The sites at Ayat Mekedonia and Behere Tsige had been selected for this round with 42 and 63 houses respectively.


Radar

Korenti, Agelegel Microfinance Ink EV Financing Deal

Korenti Auto Trading PLC has signed a strategic agreement with Agelegel Microfinance to provide accessible financing options for electric vehicle (EV) buyers. The partnership seeks to ease EV ownership by offering fair pricing and loan packages with affordable rates. The initiative supports Ethiopia's push for clean transport and aligns with national sustainability goals. Korenti's managing director said the move reflects the company's commitment to expanding electric mobility. Customers can now...


Radar

NBE Leads Week-Long Bank Supervision Application Forum

The National Bank of Ethiopia (NBE) is hosting a week-long Bank Supervision Application (BSA) User Group meeting that began on July 7, 2025. The BSA system, developed by a pan-African consortium of central banks including the NBE, automates supervisory work for financial regulators. NBE will take over the rotating BSA chairmanship in September. Opening the session, Frezer Ayalew, Director of Bank Supervision, stressed the need for modern tools to handle growing regulatory demands amid cyberse...


Radar

Six Fuel Companies Banned, Seven Warned, Authority Noted Illicit Activity

The Ethiopian Petroleum & Energy Authority has taken disciplinary action against 13 fuel distribution companies for illegally trading 2.8 million litres of fuel outside the digital system in the past two months. Six firms face a one-month suspension from the fuel import and trading market, while seven others received final warnings and must rectify their operations within a month. Director General Destawe Mekwanant (PhD) said the companies failed to monitor fuel stations and ensure proper...