Addis Ababa ready for redevelopment

The Addis Ababa City Government (AACG) announced that it has reclaimed 69.15 hectares of illegally occupied land and transferred it to the city. In the first five months of the fiscal year, the city’s communication affairs office says it has protected 225hct of land from illegal poachers.
The city administration has arranged more than 660 hectares of land to be developed under its land bank system. It has demolished more than 4,867 houses in different parts of the city in its bid to redevelop the area in a manner that fits the current development strategy of the city, while more than 4,817 are in the pipeline for clearing. The administration is in the process of paying compensation and plot relocation for the tenants to be evicted in the near future.   
The city land bank and redevelopment office has been working to put in place a system that allows the administration to easily access information about land size, ownership, intended use. The system has laid down the necessary procedures for handling evaluation and control of land use and handling complaints from citizens.       
The office has managed to identify and register all pocket areas in the 10 sub cities of Addis Ababa so people can obtain information about any plot of land in the city online by logging in to the city land bank database which makes use of base map technology.
Addis Ababa, is 125 years old and lies over more than 52 thousand hectares of land. Over three million people call it home.  It is the political, economic and social capital of Ethiopia. It has 10 sub cities which are made up of 114 weredas. It is estimated that 50 percent of the financial transactions in Ethiopia are conducted in Addis.    
Addis Ababa alone is a venue of business to more than 230,000 taxpayers based on the information obtained from Ethiopian Revenue and Custom Authority. The city administration has collected 2.47 billion birr from direct tax which includes business salary, and rental income tax, last Ethiopian Fiscal year. The salary income tax alone raked in 1.76 billion birr, while 135.5 million birr came from rental income. Compared to salary income tax, the individual business income tax has brought less than one third of salary. It brought in to the national budget only 525.5 million birr. The administration also raked in 1.49 billion birr from indirect tax of which 557 million birr gathered from municipality services.
For economic reasons there has been high migration to Addis and because of this and the increasing business in the city, land remains one of the scarcest resources in Addis Ababa compared to other parts of the country.