City administration poised to lower land lease prices

February 23, 2009

The Addis Ababa City Administration will significantly bring down land lease prices in the city which currently are much higher than other major cities across the world, it was learnt. The city administration will, in the coming months, make avilable “sufficient” land plots in order to maximize the supply which, in turn, will help lower land lease prices in the city, according to Addis Ababa City General Manager Mekuria Haile. — More from The Reporter–