FORTUNE+ VIDEO SPONSORED CONTENTS FORTUNE AUDIO TRADE AFRICA new

Fortune Logo

Addis Abeba City Authorities Freeze Rental Rise

Aug 28 , 2021

The Addis Abeba City Administration has suspended any increase on rental for 90 days, beginning August 24, 2021.

Approved by a unanimous city cabinet vote, the measure also prohibits the eviction of any tenants.

City officials say the administration takes steps to curtail "undertakings to dismantle the country" and manage the cost of living for the city's residents, blaming "a few greedy individuals" for the problems and accusing them of trying to take advantage of a period of uncertainty.

City officials urge tenants whose rentals increased over the next three months to report to wereda offices.

The suspension is also subject to extension if authorities deem it fit, a statement issued by the city cabinet says.

Put your comments here

N.B: A submit button will appear once you fill out all the required fields.



Related Posts

Share This Post
Linkedin
Google+


Most read

Latest News

Editor's pick

Commentaries

Whole Grain: Solution for Global Food Insecurity

The world is facing a global food crisis like none other time, with food prices at hi...

Why Aspiring for Self Sufficiency Trumps Exporting Wheat?

A farmer recently said he switched to onion this rainy season for economic and soil...

Fineline

Leaders of the National . . .

Leaders of the National Election Board are in a charm offensive mood, of a sort. Last week, they organised a rare tour for members of the me...

When the country’s most. . .

When the country's most senior diplomats and envoys return back to their posts after two-week debriefings, they leave behind a point or two...

Editorial

Survival Upstaging Moral, Societal Values

Dec 4 , 2022

Last week saw enraged university lecturers' threatening to stage a strike. They addre...

To Liberalize Finance Holy, Regulating It Is Divine

Nov 26 , 2022

In the wake of the liberalization of the telecom sector, Ethiopian authorities have m...

Restore Faith in Constitutional Institutions to Achieve Social Cohesion

Nov 19 , 2022

The rounds of talks to end wars in Ethiopia held in Pretoria, South Africa, and Nairo...

Nairobi Must Double Down on Pretoria

Nov 12 , 2022

Two weeks have passed since negotiators from Ethiopia's federal government and the TP...

Gallery

Parliament Approves New Cabinet Members

Oct 6 , 2021

Parliament Approves New Cabinet, Incorporates Opposition Leaders Lawmakers have approved today the nominations of 22 ministers, including three opposition leaders. Two MPs have voted against, while 12 abstained...

2020 in Posterity

Jan 5 , 2021

TIGRAY VOTES DESPITE "NULL & VOID" THREAT

Sep 9 , 2020

IN-PICTURE: LAUREATE'S RECEPTION  

Dec 14 , 2019

PM Abiy Ahmed (PhD) at a Gala Dinner Called for the Awarding of the Félix Houphouët-Boigny Peace Prize

May 6 , 2019

Faces, Voices of Addis Abeba

Apr 26 , 2019

Sunday With Eden

Stereotyping: The Antithesis of Individuality

Generalisation is everywhere, mainly rooted in inaccurate stereotypes and limited inf...

Amid Talent Dearth, Investment Promotion Falters

I received a call from my foreign national friend who wanted me to accompany him to t...

Life Matters

The Contented Life

What are the odds of seeing a housemaid who loves the job dearly and wakes up every morning to do the chores with excitement? Well, this...

Uncalled Judgment Exposes a Materialist Society

It is difficult to find a society void of stereotypes. The level and how much those people subjected to i...