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Tsedey Bank, Zentide Sign Deal on E-commerce Payments


Tsedey Bank, Zentide Sign Deal on E-commerce Payments

Tsedey Bank has signed a strategic partnership with Zentide E-commerce on April 23, 2026, at the bank’s headquarters, to integrate Zentide’s online marketplace with Tsedey Bank’s financial services, with all platform transactions processed through the bank. Merchants operating on the platform will also be required to maintain accounts with Tsedey Bank. Zentide, a 2025 technology venture backed by Wavemaker Impact, develops digital marketplace solutions linking businesses and users through online channels. Bank President Yohannes Ayalew said the partnership reflects the shift toward integrated digital commerce, noting the bank’s strong engagement with micro, small and medium enterprises. Zentide’s Abebe Alemu said the platform is designed to enable transactions "wherever users are," focusing on real-time connectivity between merchants and customers. Tsedey Bank operates more than 600 branches and serves over 12 million customers, with a major share of its lending portfolio directed toward SMEs.

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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...