FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds




Japan Proffers $13.6m Grant for Pandemic

Jul 25 , 2020


[ssba-buttons]

The government of Japan gave 13.6 million dollars in grant funding to Ethiopia for the procurement of medical supplies to support the ongoing battle against the Novel Coronavirus (COVID-19). The agreement was inked by Ahmed Shide, minister of Finance, and Daisuke Matsunaga, ambassador of Japan to Ethiopia, at the end of last week. The new grant is a continuation of the 2019 Tokyo International Conference on African Development (TICAD-7) commitments to expand universal health coverage and the African health and well-being initiatives. It will be directed for the supply of critical medical equipment including accessories, spare parts, installation, operation and maintenance. This aid will strengthen the healthcare system through the provision of health and medical equipment including radiography systems and portable ultrasound scanners to hospitals and medical universities in Addis Abeba, Dire Dawa and 10 other cities, according to Daisuke.


Radar

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...


Radar

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...


Radar

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...