Land lease Auction to Resume this Fiscal Year: Deputy Mayor

Land lease auction will resume this fiscal year, EBR learnt. More than 100 plots of land will be transferred to developers (leasee) through auction in the coming months, said Takele Uma, Deputy Mayor of Addis Ababa, in his interview with Fana Broadcasting Corporation.

Although not specified how many hectares of land will be availed, Takele explained that his administration is ready to resume transferring land to developers through auction.

“We have suspended the auction for the past two years in order to audit land and identify grabbing, manipulation and wrongdoings,” he said.

It is to be recalled that Addis Ababa City Administration suspended the last round of the capital’s land lease auction five days after it started selling documents to bidders on August 2018.




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