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




Local Firm Secures Aviation Facilitation License

Dec 25 , 2018


[ssba-buttons]

The Ethiopian Civil Aviation Authority awarded Kirmson PLC new business aviation licenses, which enable the company to provide flight facilitation and fuel support systems. With its new license, Krimson will be able to process landing permits, immigration arrangements, travel & hotel accommodation, refuelling and other services. “When people hear of aviation they only think of planes and flights,” Dawit Krimson (MD), founder of the company, told Fortune. “Yet there are flight support and services that we are set to deliver.” Flight support and facilitation services companies provide services such as ground handling, emissions trading support, fueling, weather and flight planning services. Krimson Aviation was founded with an initial capital of one million Birr in 2014, and it has been providing consultancy services for aviation companies. “In the past individuals used to engage in the industry, but there was no legal framework behind the business,” Animut Lema, communications director of the Authority, said. “The new directive was issued with the goal to formalize the sector.”


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...