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State Telco, Transport Ministry to Ink Fuel Deal

Jul 2 , 2022


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The state-owned Ethio telecom and the Ministry of Transport & Logistics are set to officialise a deal that would see transport vehicles use the former's mobile money platform to pay for fuel at gas stations. Federal transport authorities have identified a quarter of a million vehicles providing public transport services that are set to continue receiving fuel subsidies for the coming five years. All other vehicles will see subsidies lifted off next financial year, paying full price at pumping stations by next July. Transport vehicles will receive a personal identification number (PIN) code that allows them to pay at gas stations using Telebirr, where data on vehicles and their owners is stored. Hundreds of transport providers had registered on the platform by the middle of last month.


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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...