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




US Agency Donates $7.7m to Disaster Risk Training

Aug 20 , 2022


[ssba-buttons]

The United States Agency for International Development (USAID) has announced 7.7 million dollars in funding to Bahir Dar University for the training of 750 disaster risk management professionals. The capacity-building fund is the largest external contribution ever donated to the University. Last month, a judge at the Federal First Instance High Court granted federal investigators custody of MitikuKassa, head of the National Disaster Risk Management Commission. Mitiku was detained by federal police on suspicion of "corruption, misuse of public property, and abuse of office." USAID has also donated medical supplies valued at 73 million Br to health centres in the Amhara Regional State affected by the militarized conflict in the country's north. Close to 1,800 health centres in four regional states, including Afar and Oromia, have been partly or wholly damaged due to civil war and instability, according to federal authorities.


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...