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



City Admin Partially Reopens Property Transfer Services


City Admin Partially Reopens Property Transfer Services

The Addis Abeba City Administration has partially lifted the suspension on land and land-related services it imposed seven months ago. It is among the recent steps it has taken by to improve the property market, which has been stagnant since last July. Transference of ownership is permitted in the event of foreclosure, court-ordered sales, condominiums title deed transfers, transfers through inheritance and sales made by real estate developers. According to the City Administration, all land-related services were suspended due to widespread "illegal activities." Officials have pledged to investigate the matter before the bans would be rescinded completely.  Over a month ago, the City Administration recommenced issuing building permits and related services. The Documents Authentication & Registration Service has also announced it has reinstated all services provided under its offices. Among these is sales document authentication of immovable properties. The Service began authenticating loans last month, when the central bank lifted the four-month freeze on collateralised loans. The ban imposed on land transfers through sale, however, still applies.

[ssba-buttons]

Radar

Federal Prosecutors Accuse Public Officials, Contractors of Corruption, Alleged Illicit Fund Transfers

Federal prosecutors have filed corruption and money laundering charges against 11 defendants, including Nigstu Bogale, Coordinator of the Development Project for Response to the Impact of Refugees in the Horn of Africa at the Ministry of Agriculture, Biniyam Fantaye and Taye Habte, senior irrigation engineers involved in the Development Response to Displacement Impacts Project (DRDIP-II), as well as private individuals and construction company representatives. The case alleges losses and illicit...


Radar

EIH Transitions to New Headquarters as It Oversees Major State-Owned Enterprises

Ethiopian Investment Holdings (EIH) is relocating its headquarters from its current site on General Wingate Street. The former headquarters was located behind the Ministry of Industry and near Abrehot Library. The new office is expected to be on Mozambique Street, along the route from Mexico Square to Bulgaria Road. The building belongs to one of EIH's subsidiaries, and all departments are set to move there as interior design and finishing works continue. Under the leadership of Brook Taye...


Radar

Import Substitution Push Lifts Domestic Manufacturing, Industrial Recovery

A push for import substitution and industrial expansion has prioritised 96 strategic products for local manufacturing. The “Ethiopia Tamirt” initiative reports 4.85 billion dollars in savings, supported by trade fairs linking local producers to domestic and international markets. On average, 700 new projects enter the market annually, contributing to more than 2,800 investments over four years. At the grassroots level, 18,000 SMEs have been established, while 993 dormant factories have...