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Solar Factories, Gas Plant Begins Operations in Hawassa


Solar Factories, Gas Plant Begins Operations in Hawassa

Prime Minister Abiy Ahmed (PhD) has inaugurated new solar manufacturing factories and a gas plant at the Hawassa Industrial Park. The facilities include Toyo Phase 2, Origin and Lumintech solar factories, with a combined annual production capacity of 11.3GW of solar energy. The output is expected to support the national grid and meet growing industrial power demand. Speaking at the launch in Sidama Regional State, the Prime Minister said the projects go beyond energy production, describing them as drivers of broader economic transformation and job creation. He also inaugurated the HZ Gas plant, which will produce 900 tons of oxygen, 40,000 tonnes of nitrogen and seven tons of hydrogen annually.

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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...