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




Suspects of Alleged Human Right Abuses, Corruptions Appear in Court

Nov 21 , 2018


[ssba-buttons]

A total of 73 officials and employees from the Federal and Addis Abeba police commissions; Prison Administration, state-owned Metals & Engineering Corporation (MetEC) and National Intelligence & Security Service, appeared before the court last week. The suspects appeared before the court suspected of alleged high-profile corruption and human right abuses. Out of the total suspects, 41 were arrested for human rights abuse allegations, while the remaining were suspected of alleged involvement in corruption. Yared Zerihun, former deputy chief of National Intelligence & Security Service; Kinfe Dagnew (Maj. Gen.), former head of MetEC; and Tena Qurunde, (B. Gen), deputy director of MetEC are among the suspects, who appeared before the court. The Police started the arrest of the suspects last weekend. Hours before the first batch of suspects appeared before the court, Berhanu Tsgaye, attorney general, gave a press conference on the ongoing arrest of individuals suspected of corruption and human rights abuses.


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...