South Korea Funds Land Title Digitisation in Four Cities

Mar 23 , 2024


Four cities are selected to benefit from cadaster mapping through drone technology and integrated land title registration through a 30 million dollar pilot project kicked off last week. Hawassa, Bahir Dar, Welayta Sodo, and Adama will receive information technology infrastructure financed by a loan from the Korean Exim Bank through the Ministry of Urban & Infrastructure. Mayors from all four cities attended the launching event and pledged to support the training of competent staff that can absorb the necessary skills to manage the database and integrated digital infrastructure under the project. State Minister for Urban & Infrastructure Helen Debebe stressed the importance of elevating standards of title deed management systems to improve service and reduce bureaucratic backlogs. She also noted that cooperation between the Ethiopian and Korean governments has historic roots and will serve as a foundation for more economic and political cooperation. Mayor Adanech Abiebe stated that several nefarious practices historically attributed to the Land Management & Development Bureau would be resolved through the computerised system. The digitisation of more than 700,000 land titles in Addis Abeba was completed a few weeks ago, and the fully functional service is poised to open for public use this month.


Radar

Abyssinia Bank Strategic Moves Pay Off, Driving Profit Growth

The Bank of Abyssinia (BoA) enjoyed another profitable year, amassing 4.23 billion Br net profits, an increase of 10.5pc from last year. The Bank announced total assets of 222.3 billion Br, surging by 17.3pc. Total deposits mobilised through the year climbed by 33.97 billion Br to 192.51 billion Br, while loans and advances reached 167.7 billion Br. However, the bank exhibited a nominal decline in its foreign currency earnings totalling 424 million dollars. Earnings per share also showed a ma...


Radar

$100m Project Mulls Public Transportation Make-Over

A 100-million-dollar project aims to manufacture over 5,000 diesel-powered and electric public transport vehicles for the capital. The proposed project was launched hoping to replace the ageing vehicles and improve safety, efficiency and quality across the city's urban transport system. Last week saw an MoU inked between executives of Multiverse Enterprise Plc and Addis Abeba Minibus Associations and was held at Vamdas Entertainment near Megenagna. The agreement includes plans to replace 15,000...


Radar

Safaricom Soars with 6.1 million Customers

Safaricom Ethiopia reported significant commercial growth in the first six months of the 2025 fiscal year (April to September 2024), with notable increases in both mobile (GSM) and M-PESA services. The company's network and services reached a population coverage of 46pc, growing from 30pc in the previous year. This expansion was supported by the addition of over 1,000 network sites, bringing the total to more than 3,000 across the country. Safaricom Ethiopia saw a surge in its customer base,...


Back
WhatsApp
Telegram
Email