Court Injuncts Transfer of Middle-Income Houses

Apr 6 , 2019


The Federal High Court Lideta Division’s Eighth Civil Bench gave an injunction order on the transfer of title deeds to middle-income housing winners through the raffle system on April 4, 2019. The court passed the injunction order, because 98 people pressed charges against the Ministry of Urban Development & Housing, Addis Abeba City Administration Savings & Houses Development Enterprise and the Commercial Bank of Ethiopia (CBE), claiming that they were entitled to priority as they had paid in full. For the transfer of houses on the city’s middle-income housing scheme, individuals that deposited at least 40pc of the full amount were allowed to participate in a raffle system that decided who will be entitled to a title deed. The court adjourned the case to June 6, 2019, to hear the defendants’ response, and June 17, 2019, to hear their debate.


Radar

With New Tariffs, Trump Upends Decades-Old Ethiopia Trade Preferences

The Trump Administration has unexpectedly included Ethiopia in the list of countries subjected to new trade measures, imposing a 10pc levy on Ethiopian imports into the United States while granting a reciprocal 10pc tariff on American goods headed to Ethiopia. The move marks an unanticipated shift in Washington's approach to Addis Abeba, which for years benefited from duty-free access under the African Growth & Opportunity Act (AGOA). The tariff-free provisions had propelled apparel expor...


Radar

Unilever Ethiopia Eyes Triple Sales Under New Executive

Unilever Ethiopia plans to triple its annual sales within the next five years, aiming to reach 200 million euros. The growth push is led by 42-year-old Nesibu Temesgen, who took the top job this month, as the first Ethiopian national to claim the top executive position in the company. Unilever, a multinational company operating in more than 190 countries, established its Ethiopian presence in 2014. From its base in the Eastern Industrial Zone near the town of Modjo, the firm produces recognis...


Radar

EU Grants Ethiopia a 240 Euro to Support Key Sectors

Financial Assistance Targeted at Agribusiness, Digital Expansion, and Democratic Institutions The European Union (EU) has agreed to provide Ethiopia with a grant of €240 million to support development initiatives across key sectors. This financial assistance will primarily bolster projects in agribusiness, enhance digital competencies, and strengthen democratic institutions. Furthermore, the agreement will support public administration and facilitate efforts to promote stability and reco...