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New Netpreneur Programme Targets Startup Growth in Collaboration with Alibaba


New Netpreneur Programme Targets Startup Growth in Collaboration with Alibaba

At the launch of the Ethiopia Netpreneur Programme, Innovation & Technology Minister Belete Molla (PhD) reaffirmed the government’s commitment to building a strong digital economy through its ongoing partnership with Alibaba Group, first initiated in 2020. He said the initiative would help strengthen the country’s startup ecosystem. Bahru Zeinu, president of the Digital Transformation Ethiopia Association (DTEA), said the programme builds on earlier initiatives, including the Global Digital Talent Academy in Addis Abeba and Africa’s first Alibaba Summit. He noted that top-performing participants will travel to China for practical exposure to Alibaba’s e-commerce operations. The programme forms part of broader efforts to develop digital skills, foster institutional collaboration, and position Ethiopia as a regional hub for innovation and entrepreneurship.

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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...