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




Maize Provides Increased Export Trade from Uganda, Ethiopia and Tanzania

Nov 2 , 2019


[ssba-buttons]

The presence of high demand in Kenya and the improving market functionality in South Sudan has led to increased export from Uganda with maize grain on top of the commodity trade in the regional markets in the third quarter of 2019. It is also expected that the availability of maize in the Eastern Africa region will be lower between July 2019 and June 2020 than the previous year. Uganda has expanded its supplies of dry beans to South Sudan while Tanzania and Ethiopia have increased their exports to Kenya, leading to the regional trade in dry beans exceeding the recent five-year average. As Uganda is the main producing country with Kenya and Somalia the main consumers in the regional markets, the June-to-July harvest was registered below to near average maintaining the last five-year average lever of maize production. Staple food commodity parity price trends (expressed in US dollars per MT) were relatively higher in Kenya, South Sudan, Rwanda and Burundi due to lower production, poor economic conditions and/or border restrictions. The tight supplies and the high costs of marketing in maize and sorghum would help maintain the elevated prices of these commodities in October 2019. Rice trade remained high because of persistent high demand in the region. Regional trade in livestock is expected to remain low between October 2019 and March 2020 as demand declines following the end of religious festivities during July-to-August.


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...