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



Land Related Services Reopen Void of Clarity


Land Related Services Reopen Void of Clarity

The suspension of property transaction services by the Addis Abeba City Administration has been lifted after a two-month hiatus. However, officials in the City Cabinet did not reveal if the ban on land-related services through designates, imposed a month prior was included in the decision. The partial or complete hiatus on land-related services, is all too familiar to residents of Addis Abeba, with the suspension of these services over the past year having resulted in a loss of over half a billion Birr for the City Administration in fees and capital gain taxes. At the end of September 2022, the City Administration banned property transactions through designates, a.k.a power of attorney rights, demanding leases or property owners to appear in person before transactions are legitimised. A month later, the ban was revised, allowing residents with disabilities, those unable to move due to illness and members of the diaspora to use their power of attorney rights, while share and private limited companies could get services through their general managers or directors. In August last year, the City Administration suspended all land-related services claiming to battle extensive illicit construction activities before rescinding them four months later. The service was banned all over again two months ago. City officials attributed their decision to impose temporary suspension to fight rampant "illegal activities" and pledged to thoroughly investigate the matter before resuming services. Chief of the Addis Abeba Land Management Bureau, Kenia Yadeta (PhD), dispatched a circular to the 11 districts under the city administration last week, instructing them to resume services. According to Kenia, the issues that led to the suspension have been addressed. The resumption of services is expected to generate revenues for the city. It remains to be seen whether the investigation into the "illegal activities" will be transparent and appropriate measures will be taken to prevent such activities from recurring.

[ssba-buttons]

Radar

Parliament Receives $237m Development Loan Package

The Council of Ministers forwarded two concessional loan agreements totalling 237.3 million dollars to Parliament for ratification, targeting rural infrastructure and food security. The package includes 46.3 million dollars from the African Development Bank (AfDB) for climate-resilient infrastructure in pastoralist regions. A second credit facility of 191 million dollars (146.1 million SDR) from the International Development Association (IDA) is earmarked for the sixth phase of the Productive Sa...


Radar

MoTRI to Overhaul Consumer Protection Rules Following Cabinet Approval of Trade Policy

The Council of Ministers, led by Prime Minister Abiy Ahmed (PhD), approved Ethiopia's first unified trade policy last week, ending a three-year deliberation period to fill a decades-long regulatory vacuum,. This institutional milestone mandates the Ministry of Trade & Regional Integration (MoTRI) to overhaul consumer protection frameworks, specifically requiring a rigorous revision of the Trade Competition and Consumer Protection Proclamation to eliminate market distortions and the prolifera...


Radar

Regional Power Exports Yield $366m as Capacity Hits 9.6GW

Ethiopian Electric Power (EEP) generated 365.99 million dollars from regional exports in the first nine months of the fiscal year as national capacity reached 9,579MW. The revenue followed the sale of 24,940GWh, representing 91pc of gross generation. Hydropower remains dominant, providing 9,500MW. To diversify assets and mitigate climate risks, the utility integrated the 100MW Asela Wind Power Project. The transmission network has expanded to 148,600km to secure domestic industrial supply and...