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Launches Water Payment Services in Major Towns

May 21 , 2022


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Residents of seven regional towns now have the option to settle their water utility payments through Ethio telecom's Telebirr mobile money platform. The state-owned operator has availed the services in Arba Minch, Harar, Bahir Dar, Finote Selam, Injibara, Dessie, and Combolcha after reaching agreements with the respective administrations. The Information Network Security Agency's Derash integrated payment platform is a crucial cog in the payment scheme. Officials hope the service will enhance the efficiency of water and sewerage service providers. Customers will be able to settle their bills remotely. Telebirr has garnered over 19 million subscribers since it was launched last May. Over 80 "super-agents", 67,000 agents, and 17,000 merchants have signed on. Ethio telecom began piloting pre-commercial 5G network services in Addis Abeba earlier this month.


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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...