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



Petrol Company Plugs EV Charging Station


Petrol Company Plugs EV Charging Station

A pioneering fast electric car charging public station was inaugurated at TotalEnergies Airport Road (Bole Road) outlet last week. Sharla Abdulahi, director-general of the Ethiopian Petroleum & Energy Authority, Ambassador Rémi Marechaux, French Ambassador to Ethiopia, and Christophe Ferrand, managing director of TotalEnergies Marketing Ethiopia, attended the inauguration ceremony. The federal government has championed transitions to electric vehicles, reducing tariffs to nearly zero and promoting alternatives to internal combustion engines. A few months ago, Minister of Transport & Logistics Alemu Sime (PhD) announced before parliament a forthcoming ban on the import of gas-powered vehicles for personal use. Meanwhile, the import of electric vehicles has nearly doubled compared to three years ago, with 72 million dollars worth entering the country last year. Although there were close to 60 charging stations nationwide, the Ministry recently proposed a draft directive outlining conditions for constructing charging stations, including provisions that allow them to be built on the premises of fuel stations.

[ssba-buttons]

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...