FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds



Bureau Reports Lease Enforcement Pushes City Land Revenue Higher


Bureau Reports Lease Enforcement Pushes City Land Revenue Higher

Addis Abeba’s Land Development & Administration Bureau reported collecting 14 billion Br over nine months, driven by land auctions and stricter enforcement of lease regulations. According to the Bureau, the bulk of the revenue came from auctioning land and from measures targeting property owners using houses outside their lease agreements, requiring them to regularise their holdings. The Bureau disclosed the figures following a review of its nine-month performance, with officials attributing the outcome to improved system integration that has strengthened revenue collection. During the period, authorities conducted a third round of land auctions, transferring a total of 23.9 hectares. Enforcement efforts have intensified since September, when inspections were launched across all 11 districts to ensure compliance with the 2011 land lease law, which mandates strict adherence to designated land use. The inspections identified 2,969 houses operating without valid service licences. Of these, 2,581 owners have begun complying. Combined, revenue from land auctions and enforcement actions reached 14 billion Br over the nine-month period.

[ssba-buttons]

Radar

Annual U.S.–Ethiopia Real Estate Expo to Debut in July

Harvest Circle Inc., a U.S.-based organisation, will launch the first annual U.S.-Ethiopia Real Estate & Construction Expo in July 2026. The event will bring together Ethiopian and U.S. real estate developers, construction firms, banks, insurers, property managers, and investors to explore partnership, financing, and investment opportunities. Organisers say the platform seeks to promote private sector-led urban development, facilitate diaspora investment, and expand market access for Ethiop...


Radar

Addis Abeba Housing Bureau Warns Landlords against Illegal Rent Hikes, Threatens Legal Action

The Addis Abeba Housing Development and Administration Bureau has issued a warning to landlords attempting to impose unauthorised rent increases or carry out unlawful evictions as the residential leasing cycle nears its statutory June 30 deadline. The warning follows reports of landlords pressuring tenants to vacate properties under claims of personal use or sale, alongside demands for steep rent hikes, according to comments made to state media. Kidist W. Giorgis, Head of the Bureau, said...


Radar

Development Bank Turns Corner as Profit Hits Eight Billion Br

The Development Bank of Ethiopia (DBE) posted a gross profit of eight billion Br in the first nine months of the fiscal year while repaying 15.6 billion Br in outstanding debt. Total income reached 17.3 billion Br, exceeding its target by 12pc. Presenting its performance to the House of Peoples' Representatives Standing Committee for Government Development Organizations, the bank highlighted progress from ongoing reforms, including reducing its non-performing loan ratio to 13.4pc, below the Nati...