Addis Ababa to apply new residential rent rates from June 30

The Addis Ababa city administration's housing bureau held a panel discussion on the 2019 rent price study. The new rates will take effect from June 30, 2018 E.C.

Bureau head Kidist W/Giorgis stated that the rent control proclamation has been in force since 2016 E.C. The measure enables tenants to remain in one location for a minimum of two years.

The price study accounted for tenants' payment ability and landlords' income without causing harm. It covered all sub-cities. Contract renewals will use technology-supported processes at Mesob one-stop centers.

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Addis Ababa council approves appointments and 9.94 billion birr budget

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The Addis Ababa City Council on 30 Miyazia 2018 approved appointments presented by Mayor Adanech Abiebe and an additional budget of 9.94 billion birr in a unanimous vote during its regular session.

Ethiopia has opened the inaugural “Addis Africa” Real Estate Exhibition in Addis Ababa, hosting East African leaders to align trade and housing policies. The event, which began on April 23, aims to position the city as a continental real estate hub.

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The Addis Ababa City Administration cabinet has approved a draft budget of 502.27 billion birr for the 2026/27 fiscal year and sent it to the City Council. The proposal marks a 43.45 percent increase from the previous year's 350.13 billion birr budget.

Mexico City Government Head Clara Brugada presented a base reform for the Fair, Reasonable and Affordable Rents Law on Wednesday to address the housing crisis and gentrification. The initiative will unfold in two stages and aims to protect both tenants and landlords. Brugada emphasized regulating rent increases and promoting neighborhood roots.

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Addis Ababa city administration has provided aid to more than 233,000 residents affected by social challenges around Easter. The assistance targets the elderly, disabled, physically injured, and low-income government workers, distributed across all sub-cities and woredas.

A standing committee of Ethiopia's House of Peoples' Representatives held a public hearing on a draft tax administration amendment designed to modernize procedures and promote fairness.

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Addis Ababa city administration institutions are strong and system-run with continuity, officials said. Adanech Abiebie, head of the city administration, stated this. Reforms are enhancing residents' satisfaction.

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