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




Utility Pushes Rural Electrification, Digital Payments Forward

Oct 26 , 2025


[ssba-buttons]

The Ethiopian Electricity Utility (EEU) connected 107,191 new customers in the third quarter of 2025, representing an 18.3pc increase compared with the same period last year. Of these, 95.5pc are postpaid customers while 4.5pc use prepaid services. Efforts to extend electricity to rural communities reached 14 new towns and villages, including 13 on the main grid and one off-grid village powered by solar energy. Infrastructure improvements included 957 km of reconstructed distribution lines, 2,151 km of expansion works, 493 upgraded transformers, and 850 new transformers installed, all planned to enhance supply reliability and quality. EES also strengthened internal governance, taking administrative or disciplinary measures against 20 employees, including eight written warnings, 10 salary fines, and two dismissals, to curb misconduct and corruption. The utility continues to advance digital payments, with 94.5pc of customers now using e-payment methods, reflecting ongoing efforts to modernise operations and streamline revenue collection.


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...