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




Transport Ministry Joins Tana in Hyacinth Fight

Nov 14 , 2020


[ssba-buttons]

The Ministry of Transport has donated close to 12 million Br toward the campaign for the removal of the water hyacinth, an invasive weed also called emboch, in Lake Tana. The donation, contributed from the Ministry and other agencies under its wing, was accepted by Fanta Mandefro (PhD), deputy president of Amhara Regional State, and State Minister for Water, Irrigation & Energy Abraha Adugna (PhD). Water hyacinth, which has been steadily increasing along the Lake, is threatening livelihoods and water flow to irrigation canals. A month-long national campaign aimed at freeing the Lake from water hyacinth will be finalised this week. Lake Tana, the largest lake in the country and the source of the Blue Nile, is the source for 50pc of freshwater. It is an important fishing resource with up to 67 different species of fish, 70pc of which are endemic.


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...