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Vietnam Deepens Diplomatic Ties with Ethiopia


Vietnam Deepens Diplomatic Ties with Ethiopia

Prime Minister Abiy Ahmed (PhD) and his Vietnamese counterpart, Phm Minh Chính, oversaw the signing of a series of cooperation agreements during Abiy’s official visit to Hanoi—the first by an Ethiopian leader in over half a century. Two memoranda of understanding were signed to expand collaboration in trade and education, while a civil aviation agreement was also concluded, setting the stage for Ethiopian Airlines to begin direct flights between Addis Abeba and Hanoi. Marking more than 50 years of diplomatic relations, both countries expressed optimism that the agreements would open doors to deeper engagement across key sectors. Following the ceremony, the two leaders led bilateral talks alongside their delegations. Discussions covered domestic reforms and outlined potential areas for political and economic cooperation, including investment and knowledge exchange.

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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...