City Admin Kicks Off Landholding Registration in 10 Districts

Apr 16 , 2022


[ssba-buttons]

The Addis Abeba City Landholding Registration & Information Agency has launched land validation and declaration services in parts of the capital. Registration will proceed until September in 25 areas located in 10 of the city's 11 districts, with the exception of Lemi Kura. Officials expect the process to cover 22,000 properties and 40,000 condominium units. Meanwhile, all land-related services have been paused in these areas apart from the processing of land-related disputes and legal issues. Officials say areas not chosen will continue providing services as usual. In the three years beginning 2015, the Agency has registered and documented over 118,000 plots and more than 160,000 condominium units using a cadastral registration system in four rounds.


Radar

Central Bank, Global Alliance Partner to Enhance Sustainable

The National Bank of Ethiopia (NBE) recently hosted a high-level meeting with representatives from the Global Alliance for Banking on Values (GABV) and selected member banks in anticipation of the 17th GABV Annual Meeting scheduled in Uganda. The meeting convened commercial bank representatives from Ethiopia, alongside a delegation comprising six GABV members, including Centenary Bank and Opportunity Bank Uganda, Amalgamated Bank, Sunrise Banks, City First Bank, and Merkur Cooperative Bank. G...


Radar

Commercial Bank of Ethiopia Adjusts Loan Interest Rates Amid Market Reforms

Commercial Bank of Ethiopia (CBE) has announced adjustments to its loan interest rates, effective March 7, 2025. Bank executives cited rising deposit mobilisation costs and the need to align with market standards as key factors influencing the decision, despite successful internal reforms that have reduced operational expenses. Executives noted that these adjustments are crucial for maintaining its competitive edge and ensuring the continued delivery of efficient services to its clientele. ...


Radar

Chemical Corp Posts Substantial Revenue, Profit Growth in 1Q

The state-owned Chemical Industry Corporation recorded a revenue of 2.53 billion Br in the first half of the 2024/2025 financial year. The Corporation reported a profit before tax of over half a billion Birr, which marks a considerable 182.6pc increase compared to the same period last year. Company officials attributed the growth result to enhanced market reach, effective cost-cutting measures, and optimisation of plant capacity utilisation. Year-on-year revenue growth was noted across variou...