July 18, 2017 – The Addis Ababa City Administration announced that it had cleared 102ha of land for redevelopment purposes in the last Ethiopian fiscal year, which just ended in June 2017. In this clearing program, the city administration knocked down 1,980 residential units from the 2,228 houses it planned to demolish in that Ethiopian fiscal year, calming 89pct success in its performance.
This land clearing was part of the city administration’s plan to transfer 1,521ha of land for investors during the fiscal year, in which Ethiopia’s capital City was able to prepare 1,313ha for the required development projects. Out of this prepared land, the city has already transferred 712ha of it to developers in a lease arrangement.
The rapid growth of urban population, high demand for real-estate development and public and private development projects are attributed to the increasing demand of land by the city. The city administration, according to the tenth master plan, has a target to redevelop 3,100ha of land in the next ten years. Not limited to the capital Addis Ababa, other major cities in Ethiopia have also been engaged in similar activates of city redevelopment. However, residents who get displaced as result of these redevelopment programs have been asking for fair compensations.
Source: Addis Fortune