Addis Ababa
Eviction order disrupts book vendors near national theatre
More than a dozen bookstores along Gambia Street in Addis Ababa face eviction after a local meeting. These vendors, operating for over 20 years behind the National Theatre, rely on daily book sales for their livelihoods. The sudden order has left the community of booksellers uncertain about their future.
Breaking the speculative spell in Addis Ababa's housing market
Owning a home in Addis Ababa imposes heavy burdens due to high bank loans and market pressures. Buyers commit to 20-year mortgages with 85,000 Birr monthly payments, while similar homes rent for just 15,000 or 20,000 Birr. This systemic issue could be alleviated by the emergence of a formal capital market.
Tax evasion persists in Addis Ababa eateries via personal digital transfers
In Addis Ababa's popular restaurants and shops, businesses often direct customers to pay via personal mobile accounts, evading taxes and leaving no official record. This practice, highlighted in a recent analysis, undermines government revenue and burdens compliant taxpayers. Authorities face calls for stricter enforcement and simplified compliance measures.
Addis Ababa city cabinet passes decisions on three main agendas
The Addis Ababa City Administration Cabinet held its fifth-year fourth regular session and passed decisions on three key agendas. These decisions cover the number of council members, operational guidelines for savings and employment uniformity, and land issues for federally funded projects. This move strengthens the city's governance.