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




Ministry Gears Up to Host Manufacturing Event

Mar 25 , 2023


[ssba-buttons]

Over 350 local manufacturers, foreign investors and more than a quarter million visitors are expected to gather in an event aiming to expand the market destinations of locally manufactured products. Melaku Alebel, minister of Industry said the project intends to promote import substitution, expand the manufacturers' market destination, and increase export volume. According to Melaku, the Ministry has been paying close attention to the sector, learning from international countries such as Malaysia, Singapore, and Japan at the launching ceremony. Dubbed "Made in Ethiopia", the event is organised by the Ministry of Industry in the month of May at the Millennium Hall, on Africa Avenue (Bole Road). The Prime Minister introduced the national initiative last year with the goal of developing a competitive manufacturing industry by addressing the issues the industry is facing. Melaku said manufacturers and financial institutions should engage in the event and discuss the policies in the manufacturing 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...