Fortune News | Jan 04,2026
Jul 8 , 2026
The Addis Abeba City Administration officials have set the annual ceiling on residential rent increases at 11.5pc, effective today, July 8, the start of the new fiscal year.
The new directive will touch more than half a million registered tenants in Addis Abeba.
The increase sits slightly above the 11.24pc that the study the city Administration commissioned, completed a few weeks ago, found acceptable while inflation stays below 10pc. The Administration cast the decision as part of a wider effort to ease the cost of living and to curb arbitrary practices in the rental market.
It argued that the cap protects both sides, giving property owners what it called a fair income "reflecting the current economic condition" while keeping rent proportionate to tenants' earnings and sparing them repeated displacement. The adjustment lands on a market where shelter already absorbs a heavy share of income.
Data from the Ethiopian Property Centre in early
2026 put the average monthly rent for a city-centre studio at 45,000 Br, ranging from 35,000 Br to 65,000 Br by location.
Fortune News | Jan 04,2026
Commentaries | Mar 30,2019
Radar | Oct 12,2024
Fortune News | Dec 28,2019
Fortune News | Dec 04,2022
Photo Gallery | 193346 Views | May 06,2019
Photo Gallery | 183231 Views | Apr 26,2019
Photo Gallery | 180039 Views | Oct 06,2021
My Opinion | 145467 Views | Aug 14,2021
Aug 14 , 2026
Aschalew Fetene, known as “Ardi” and admired for his poetic depth, has built a ti...
Aug 8 , 2026
The World Bank asks readers to picture a mother in rural Ethiopia who has never held...
Jul 31 , 2026
Weldu Yiheysh has not read the Pacific temperature charts. He does not need to. In Shibta District of Enderta Wereda, in...
Jul 25 , 2026
Ideally, citizens who have paid income tax all year should not have to reach for thei...