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




Private Company Launches 2b Factories

Oct 17 , 2022


[ssba-buttons]

A private company in the beverage industry opened plants on Addis Abeba's outskirts to process and bag snakes such as potato chips. ABBAHAWA Trading, bottler of One Water brand, has invested 2.3 billion Br to build two plants in Sebeta, Oromia Regional State. The plants are erected on 4.28 and three hectares of plots, respectively. The launching of the plants was held last week in Hyatt Regency, Africa Avenue. The company has imported machinery from the United States, with a capacity to produce one ton of snake chips an hour. Established in 2014, ABBAHAWA Trading exports coffee and supplies bottled water as well as plastic products. Two years ago, ABBHAWA launched a juice processing plant in Alemgena, 15km east of Addis Abeba, on 2,5 hectares of land with an investment cost of 644.5 million Br.


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...