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 Launches $4m Project to Improve Institutions

Apr 13 , 2019


[ssba-buttons]

The US government launched a two-year, four-million-dollar project on April 10, 2019, to support and strengthen institutions in Ethiopia. Feteh, which will be funded by USAID, will provide technical support to the Attorney General’s Office and the Supreme Court’s efforts to expand their independent decision-making and oversight capacity. Chief Justice Meaza Ashenafi, joined Bonnie Glick, deputy administrator of USAID, and Michael Raynor, US ambassador to Ethiopia, during the launch of the event in Addis Abeba. “Today, we are opening a new chapter in our partnership. The United States is committed to investing in the capacity of Ethiopia’s legal institutions to achieve their goals of ensuring free and fair elections, promoting human rights, citizen engagement and greater representation,” said USAID Deputy Administrator Glick. The US has invested four billion dollars in development and humanitarian assistance in Ethiopia over the past five years.


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...