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Addis Land Bureau Sets half of Lease Fee Deadline for 32 Projects


Addis Land Bureau Sets half of Lease Fee Deadline for 32 Projects

Addis Abeba Land Development and Administration Bureau head Mekonnen Yayi assured firms the bureau will provide necessary land lists and cards to support compliance after they pay 50pc or more of lease fees upfront within 15 days to commence construction. The assurance came during consultations with 32 business organisations on Cabinet-approved development projects lacking national funding progress. Mekonnen stated the city cabinet reallocated stalled urban projects, carrying social, economic, and political land value, through cash, loans, and grants to achieve development goals. Firms must align selected sites with surrounding development for effective growth, he noted.

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Parliament Receives $237m Development Loan Package

The Council of Ministers forwarded two concessional loan agreements totalling 237.3 million dollars to Parliament for ratification, targeting rural infrastructure and food security. The package includes 46.3 million dollars from the African Development Bank (AfDB) for climate-resilient infrastructure in pastoralist regions. A second credit facility of 191 million dollars (146.1 million SDR) from the International Development Association (IDA) is earmarked for the sixth phase of the Productive Sa...


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MoTRI to Overhaul Consumer Protection Rules Following Cabinet Approval of Trade Policy

The Council of Ministers, led by Prime Minister Abiy Ahmed (PhD), approved Ethiopia's first unified trade policy last week, ending a three-year deliberation period to fill a decades-long regulatory vacuum,. This institutional milestone mandates the Ministry of Trade & Regional Integration (MoTRI) to overhaul consumer protection frameworks, specifically requiring a rigorous revision of the Trade Competition and Consumer Protection Proclamation to eliminate market distortions and the prolifera...


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Regional Power Exports Yield $366m as Capacity Hits 9.6GW

Ethiopian Electric Power (EEP) generated 365.99 million dollars from regional exports in the first nine months of the fiscal year as national capacity reached 9,579MW. The revenue followed the sale of 24,940GWh, representing 91pc of gross generation. Hydropower remains dominant, providing 9,500MW. To diversify assets and mitigate climate risks, the utility integrated the 100MW Asela Wind Power Project. The transmission network has expanded to 148,600km to secure domestic industrial supply and...