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




Wolayita Gets Library, Training Centre

Oct 10 , 2020


[ssba-buttons]

The Japanese government has launched a project to construct a public library with a vocational training classroom in Wolayita Zone, Southern Nations Nationalities & People's Regional State. The library will be built in Gacheno Kebele with a grant programme worth close to 89,000 dollars. The grant agreement was signed in the presence of former Prime Minister Hailemariam Desalegn, Roman Tesfaye, his spouse, and Daisuke Matsunaga, ambassador of Japan to Ethiopia. The grant came following a request for assistance by the Hailemariam & Roman Foundation to the Japanese government aimed to set a space for a proper learning environment. The Japanese government has implemented over 400 projects since the Grant Assistance for Grassroots Human Security Projects (GGP) in 1989. The GGP focuses on community development through supporting communities in areas such as education, vocational training, access to water and sanitation, economic growth, health and food security.


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...