Thursday, June 25, 2026

Questionable land policy vexes investors

Investors are asking the City Administration of Addis Ababa to restart leasing land faster. Since Takele Uma became mayor, land leasing has been suspended. According to sources about 3,000 individuals are registered asking for land to develop but most have not received a reply.
A notice the City Land Development and Management Bureau issued on October 14 indicated that they won’t take any more requests for land.
“We are not looking to get land through special treatment,” an investor said. They insist the city administration recommence the regular land lease.
Experts in the sector expressed their fear that stopping the land lease will open the sector to corruption. It is unclear why the city administration does not want to start the land lease but at the same time it facilitates plots for some few individuals through other deals.
“This is the implication of misuse of the public property,” the investors claimed.
Sources said that currently the city administration is busy returning lands to previous landlords or farmers’ children that were displaced from their plots.
One observer said that those who are receiving the lands are not really the owners or the families who own the plots. After they received the land they are engaged in transferring the plot as soon as possible.
At the same time some of the lands are provided to selected individuals for investment throughout the city including in the heart of Addis Ababa.
Capital has been trying to get clear information for two weeks from Tesfaye Lemma, head of the city lease office under the city Land Management and Development Bureau, about when the city will recommence the lease but he refused to give information.

Hot this week

Production up, but the ‘cost’ variable weighs heavily

Production is up in 2021 for the Italian agricultural...

Luminos Fund’s catch-up education programs in Ethiopia recognized

The Luminos Fund has been named a top 10...

Well-planned cities essential for a resilient future in Africa concludes the World Urban Forum

The World Urban Forum (WUF) concluded today with a...

Private sector deemed key to unlocking AfCFTA potential

The private sector’s role is vital to fully unlock...

Ethiopia Selected as Africa’s Meteorology and Hydrology Training Center

It has been officially announced that the Ethiopian Meteorology...

China’s new governance pitch aims at the world’s next frontiers

Beijing has a familiar message for a fragmented world:...

Why Ethiopia Should Study China’s New White Paper

As Ethiopia’s new government takes shape, it should look...

Guterres Slams Fossil Fuel Windfall Profits, Urges Nations to Tax Extra Gains

The Secretary-General of the United Nations, António Guterres, has...

How Construction Professionals Are Using Short-Form Video to Land High-Paying Engineering Roles

The job market for engineers has been drastically revolutionized....

Exclusion from Investment Code Identified as Main Obstacle to Ethiopia’s Creative Industry

Stakeholders say the main obstacle facing Ethiopia’s cultural and...
spot_img

Related Articles

Popular Categories

spot_imgspot_img