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 Partners with Private Co. to Provide Improved Seeds

Mar 2 , 2024


[ssba-buttons]

Nearly 4,000 farmers in the drought and conflict-affected areas of Amhara and Tigray regional states are set to get improved seeds as German chemical manufacturing giant BASF has joined forces with SNV Netherlands Development Organisation and the Ministry of Agriculture.

Envisaged to cover nearly 371hct of land, the seeds will be delivered through SNV's extensive network of farmer field schools in 147 Weredas across the country.

Ben Depraetere, country head of BASF's vegetable seeds business in Ethiopia, highlighted the necessity to reinstate regular farming practices in the two regional states, which have faced disruptions due to escalating conflicts and prolonged drought. BASF has been operating in Ethiopia since 1966, maintaining a trade representative office in Addis Abeba to coordinate customer needs across various industry segments. Its affiliate, Nuneheim, initiated seed exports from high-tech greenhouses in Amhara Regional State three years ago.

Ben commended the success of SNV's 2,000 farmer field schools, noting a 34pc increase in yield and a 43pc rise in household income for nearly 80,000 farmers.

Julie Graham, SNV Ethiopia's country director, stressed the significance of providing seeds with extended shelf lives, disease resistance, and enhanced marketability to put forth substantial improvements in agricultural livelihoods. This collaborative effort aims to contribute to the recovery and development of the affected regions, fostering resilience in the face of challenging environmental and socio-economic conditions.


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...