City Admin Partially Reopens Property Transfer Services


City Admin Partially Reopens Property Transfer Services

The Addis Abeba City Administration has partially lifted the suspension on land and land-related services it imposed seven months ago. It is among the recent steps it has taken by to improve the property market, which has been stagnant since last July. Transference of ownership is permitted in the event of foreclosure, court-ordered sales, condominiums title deed transfers, transfers through inheritance and sales made by real estate developers. According to the City Administration, all land-related services were suspended due to widespread "illegal activities." Officials have pledged to investigate the matter before the bans would be rescinded completely.  Over a month ago, the City Administration recommenced issuing building permits and related services. The Documents Authentication & Registration Service has also announced it has reinstated all services provided under its offices. Among these is sales document authentication of immovable properties. The Service began authenticating loans last month, when the central bank lifted the four-month freeze on collateralised loans. The ban imposed on land transfers through sale, however, still applies.

[ssba-buttons]

Radar

Bank of Abyssinia Signs Partnership with Droga Cooperative

Bank of Abyssinia has entered into a partnership agreement with Droga Health & Financial Savings and Credit Cooperative to provide financial support and services for its members. The agreement was signed yesterday at the Bank's headquarters. The deal aims to strengthen collaboration between the two institutions, enabling cooperative members to access tailored banking services. It was signed by Wosenyeleh Abera, Deputy CEO for Customer Relations and Marketing at the bank, and Zelalem Yilma...


Radar

Wegagen Introduces Real Time SWIFT Tracking

Wegagen Bank has launched a new mobile app feature enabling customers to track international SWIFT payments in real time. The bank is the first in Ethiopia to introduce an online SWIFT payment tracking system. By integrating SWIFT Global Payment Innovation, customers, particularly those involved in import-export trade, can monitor cross-border transactions using a Unique End-to-End Transaction Reference (UETR) directly from their smartphones. To use the service, customers select the SWIFT...


Radar

National ID, Zambia Partners to Expands Program Reach

The National ID Program has signed an agreement with Zambia's counterpart to provide consulting services for the development of software that will issue digital IDs. It is the first time the institution has extended its expertise beyond national borders, a sign of growing recognition for its rapid progress. Program officials described the partnership as a milestone in their effort to position themselves as a regional player in digital transformation. The collaboration is expected to center...