Addis Abeba Dictates Minimum Building-Road Setbacks


Addis Abeba Dictates Minimum Building-Road Setbacks

New regulations from the Addis Abeba City Cabinet dictate minimum distances buildings must be built from roadways. Buildings must be at least 10m from the main road edge while five meters and two metres distance is required from sub-main roads and neighbourhood roads, respectively.

The regulations arose from the experience of developing the massive corridor project over the past three months, which led to the demolition of several buildings and homes located on the roadside. The grand corridor development covering 47.5hct across five main routes will entail around 400 building renovations, 70 public parks, 100Km of bicycle lanes and 96Km of pedestrian sidewalks upon completion. While the project has not been completed in the three-month schedule initially announced certain parts of the capital have already been permanently transformed.

According to the statements made last week, a "smart city" requires an environment devoid of immediate threats to pedestrians from tall buildings, complementary aesthetic standards of buildings, and smooth traffic flow.


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