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



Ashley, Yusra Partner with Arada Mall for Furniture Showroom


Ashley, Yusra Partner with Arada Mall for Furniture Showroom

World-leading home furnishings manufacturer Ashley Industries Plc who has been in partnership with Yusra Homes signs to open a flagship showroom at the Arada Mall project in Addis Abeba. The signing ceremony was attended by U.S. Ambassador Ervin Massinga and senior executives from both companies. Ashley Furniture, an American brand with more than 20,000 retail outlets across 155 countries and a global workforce of about 35,000, will enter the Ethiopian market through an exclusive retail partnership with Yusra Homes, a furniture importer. The showroom will be located inside Arada Mall, currently under construction in the Piassa area opposite the Adwa Museum. Promoted as first international-standard mall, the project has attracted global professionals during construction and plans to host international businesses once operational. Project costs have exceeded one billion Birr, with all commercial spaces reportedly leased ahead of completion. Commercial space allocation assigns 48pc to international businesses and 52pc to local companies. The mall is designed to host a broad mix of retail, service, and commercial facilities under one roof. Government service offices will also be housed in the complex, with further agreements expected to be announced.

[ssba-buttons]

Radar

Abay Bank Lists on Ethiopian Securities Exchange as Fifth Entrant

Abay Bank Share Company began trading on the Main Board of the Ethiopian Securities Exchange (ESX) on June 25, becoming the fifth company to list after registering its ordinary shares with the Ethiopian Capital Market Authority (ECMA). The stock debuted at 1,800 Br a share, making all 9.66 million ordinary shares immediately tradable. The listing follows a year of strong financial and digital growth. For the fiscal year ended June 30, 2025, the bank reported a three-billion-Br profit, assets...


Radar

Court Freezes Bank Accounts and Assets in Cosmo Trading Dispute

The Federal High Court Civil Bench has ordered the Commercial Bank of Ethiopia, Awash Bank, Hibret Bank and Bank of Abyssinia to freeze accounts held by Cosmo Trading Plc and Haileyesus Mengistu, blocking transactions of up to 400 million Br. The order follows the House of Federation's April 27, 2026 decision to suspend enforcement of earlier commercial rulings while it reviews a constitutional dispute over inheritance and contested business assets. The case centres on a nine-storey hotel on...


Radar

Bule Hora, Kebri Dehar Universities Sign Austrian Partnership

Bule Hora and Kebri Dehar universities have signed separate memoranda of understanding with Austria's Leoben University to strengthen training in mining, petroleum and energy as Ethiopia seeks to build resource-based industrial capacity. The partnerships aim to enhance academic and practical skills in mining engineering, petroleum studies and energy systems, disciplines viewed as critical to the country's long-term extractive and industrial ambitions. Under the agreement, Bule Hora Univers...