FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers New TRADE AFRICA New

Fortune Logo


KEFITA TO 1B BR

Jian Yan Han (left), general manager of HuaHong Construction, Dietrich E. Rogge, CEO and founder of the German company Rockstone, and Lelise Neme, head of the Ethiopian Investment Commission

KEFITA TO 1B BR

Jian Yan Han (left), general manager of HuaHong Construction, Dietrich E. Rogge, CEO and founder of the German company Rockstone, and Lelise Neme, head of the Ethiopian Investment Commission, stand ready for a photo op on the occasion of the awarding of a billion Birr construction agreement on January 21, 2021. The agreement was signed between Rockstone and HuaHong, a Chinese firm, to build an environmently-friendly, 21-story apartment building in the Signal district of Addis Abeba. Called Kefita, it is a rare European real estate investment venture in Ethiopia set for completion in 2023.

[ssba-buttons]
Radar

Ministry Showcases Arada Branch Revenue Gains

Arada District's Land Development & Administration Branch pulled in over 150 million Br in just 70 days, beating its 90-day target. Most of the revenue came from annual lease collections and service fees. The office also billed 126 property owners for roof and fence valuations, already securing 20 million Br of the expected 46 million Br. Officials issued warnings to 15 allottees slow to start construction and recommended land right revocations in 11 cases. Leaders credited a more efficient...

Read more >>

Radar

Ministry Backs Blended Finance for Micro, Small Enterprises

The United Nations Capital Development Fund (UNCDF) is partnering with Ministry of Finance to expand financial access for micro and small enterprises through blended finance and digital tools. Off-balance-sheet facilities are designed to attract private investors and Development Finance Institutions (DFIs) by reducing risk and improving capital flow. Digital platforms, including mobile money and digital IDs, will lower transaction costs and broaden reach. The initiative supports job creation and...

Read more >>

Radar

National Electricity Network Set for Upgrade

Ethiopia Electric Utility (EEU) plans to expand the national electricity grid by 8,689 km in the 2026 fiscal year, Yohannes Tonja, head of Performance Monitoring and Evaluation, said. The rollout includes 86,789 km of medium-voltage lines, 92,572 km of low-voltage lines, and pre-maintenance on transformers. EEU will also rehabilitate 1,218 km of medium-voltage lines, install 1,893 transformers, and upgrade 308.7 km of low-voltage infrastructure. Operational targets include cutting power interrup...

Read more >>