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Tripartite Agreement Offers a Bridge to Basic Needs for Refugees

Oct 7 , 2023


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A data-sharing agreement that aims to assist refugees in easily accessing basic services such as health insurance, education, and banking was signed between officials of the National ID program, the UN Refugee Agency, and the Ethiopian Refugees & Returnees Services (RRS) last week. Yodahe Zemichael, executive director of the National ID program, Teyiba Hassen, director general of the Services, and Andrew Mbogori, UN refugee representative to Ethiopia, inked the agreement at Services headquarters. At the signing ceremony, Teybia reckoned that the agreement is a testimony towards a better protection scheme for refugees. There are over 930,000 refugees and asylum seekers residing in Ethiopia, originating from South Sudan, Somalia, and Eritrea, according to a report by the UN Refugee Agency.


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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...