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

Fortune Logo


PM Appoints Gov't Officials

Prime Minister Abiy Ahmed (PhD) has appointed officials to serve as state ministers in newly restructured ministries.

PM Appoints Gov't Officials

Following the government formation kicked off last week, Prime Minister Abiy Ahmed (PhD) has appointed officials to serve as state ministers in newly restructured ministries. Redwan Hussien has been reappointed as a state minister for Foreign Affairs, and Eyob Tekalign (PhD) was also reappointed as a state minister for Finance. Earlier in the week, former Minister of Water, Irrigation & Energy, Sileshi Bekele (PhD), was named chief negotiator & advisor on Transboundary Rivers and the Grand Ethiopian Renaissance Dam (GERD), with the rank of minister. A few new faces were nominated for ministerial posts as well. Taye Dendea was named a state minister for Peace while Meseret Meskele has taken on the role of a state minister for Revenues. In total, the Premier has appointed over 65 officials to oversee the work of 22 ministerial offices.

[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...

Read more >>

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...

Read more >>

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...

Read more >>