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District Gives Title Deeds for 28,000 Municipal Houses

Jan 26 , 2019

The Addis Ketema District Office gave title deeds to 28,000 residents of municipal homes. The title deeds were transferred to the residents by Ephrem Admasu, Addis Ketema District head, last Friday in the presence of wereda officials. It helps the administration to control squatting in the city, while residents will have legal documentation over the houses they reside in, according to Ephrem. One of the 10 districts of the city, Addis Ketema covers more than seven square kilometres in the northern end of the city and has approximately 271,000 people, according to a 2011 estimate.

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Electricity Bills Get the VAT Jolt

The new Value Added Tax (VAT) has begun implementation on electricity consumption and various service fees affecting customers who use more than 200 kilowatt hours of electricity per month. Based on a directive from the Ministry of Finance, the tax will be applied to the excess amount of electricity consumption above 200 kilowatt hours. The Ethiopian Electric Utility (EEU) began implementing the VAT on bills starting from November though both prepaid and postpaid customers will have to pay V...

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Gadaa Bank Expands Reach, Faces Lending Constraints

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Oromia Bank's Branch Expansion Weighs on Profits

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