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 Officials have pledged to investigate the matter before the bans would be rescinded completely.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

MIDROC Picks Austrian Firm for Metekel Plant Machinery

MIDROC Gold Mining has contracted Austria-based CEMTEC (Cement & Mining Technology GmbH) to supply and install equipment for a new gold processing plant in Metekel Zone, Benishangul-Gumuz Regional State. Designed to process up to 1.25 million tn of gold-bearing ore a year, the facility is part of MIDROC's expansion in the area. Under the agreement, CEMTEC will manufacture the plant's key processing machinery and install it at the MIDROC Metekel Gold Plant. The equipment is scheduled for c...


Radar

Food Prices Push Inflation to 15.3pc

Ethiopia's inflation rate rose to 15.3pc in July 2026 from 13.7pc in the same month last year, reaching its highest level in the 13-month period covered by Ethiopian Statistics Service data. Food and non-alcoholic beverages exerted the greatest pressure on consumer prices, with inflation reaching 15.7pc. The increase was driven largely by higher prices for vegetables, meat, dairy products and eggs, fruit, oil and butter, sugar, honey and chocolate, bread and injera. Sugar, honey and chocol...


Radar

State Enterprises Post Revenue Gains in EIH Review

Ethiopian Investment Holdings (EIH) concluded the fourth day of its 2025/26 EFY Annual Performance Dialogue at its headquarters, reviewing key state-owned enterprises overseen by Deputy CEO Habtamu Hailemichael. The dialogue began on August 24, 2026, with the Development Bank of Ethiopia recording a 60pc increase in operating income to 15.9 billion Br. Despite structural and operational difficulties, Ethiopian Mineral Corporation reported year-on-year revenue growth of 48pc to 5.7 billion dol...