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Bureau Disburses Large Compensation for Urban Redevelopment Displacements


Bureau Disburses Large Compensation for Urban Redevelopment Displacements

The Land Development and Administration Bureau said it has disbursed 15.5 billion Br in compensation to property owners displaced by urban redevelopment projects across the city during the current fiscal year. The announcement was made during the Bureau’s annual performance review chaired by Bureau Head Kassahun Alemu and Finance Directorate Director Tamiru Mosisa. Speaking to branch directors, Tamiru called on all offices to make full use of the remaining days of the fiscal year to close annual accounts on schedule and avoid the budget-closing delays recorded in 2024/25. To improve efficiency and reduce service delays, the Bureau is also rolling out the second phase of its technology modernisation strategy. Kassahun noted that fully shifting land administration services to digital platforms is expected to reshape the institution into a more efficient and competitive system.

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Freight Forwarders Earn FIATA Diplomas as Sector Eyes Global Stage

The Ethiopian Freight Forwarders & Shipping Agents Association (EFFSAA) has graduated a new cohort of professionals from the internationally recognised FIATA Diploma Programme, bolstering efforts to strengthen Ethiopia's logistics and freight forwarding sector. EFFSAA President Dawit Wubshet (PhD) said the association has trained more than 495 professionals since launching the programme. He noted that EFFSAA is working with international partners to expand digital learning and introduce o...


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Parliament Backs Italian, French Loans for Reform, Infrastructure

Parliament has ratified two loan agreements worth a combined 124.6 million euros with the governments of Italy and France, approving both proclamations unanimously during its second emergency session of the fifth parliamentary term. The larger agreement secures a 70 million euro loan from Italy to provide direct budget support for the government's economic reform agenda. The concessional financing carries a 30-year repayment period, including a 16-year grace period, with no interest or servic...


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Ethio Re Seeks Capital Reset for Regional Expansion

Ethiopian Re-insurance Share Company (Ethio Re) is seeking a strategic capital adjustment to support its next growth phase as it marks a decade of operations. CEO Netsanet Lemessa said the company's capital has quadrupled over the past ten years but has declined in foreign currency value. Established in 2016 as the country's first indigenous reinsurer, Ethio Re has retained more than 90 million dollars in foreign exchange for the economy. Its assets have grown from 82 million Br to 5.3 billio...