+
Ethiopia Opens Property Ownership to Foreigners
Real Estate

Ethiopia Opens Property Ownership to Foreigners

In a significant policy shift, Ethiopia has announced plans to permit foreigners to own property within the country. Prime Minister Abiy Ahmed unveiled this decision, signalling a major change in Ethiopia's real estate regulations and opening up opportunities for international investors.

The move to allow foreign ownership of property reflects Ethiopia's efforts to attract foreign investment and stimulate economic growth. By removing restrictions on property ownership, the government aims to create a more favourable environment for foreign investors looking to participate in the country's burgeoning real estate market.

Under the new policy, foreigners will have the opportunity to acquire land and property in Ethiopia, subject to certain regulations and guidelines. This initiative is expected to encourage foreign direct investment (FDI) in the real estate sector and drive development across various segments of the economy.

Ethiopia's decision to open up property ownership to foreigners comes amidst ongoing efforts to liberalise its economy and attract foreign capital. By embracing foreign investment in real estate, the country aims to spur infrastructure development, create employment opportunities, and foster economic prosperity.

Furthermore, the move is likely to have positive implications for the real estate market in Ethiopia, leading to increased demand for residential, commercial, and industrial properties. It also signals the government's commitment to promoting inclusive growth and fostering a conducive environment for foreign investors.

As Ethiopia embraces foreign ownership of property, stakeholders are optimistic about the potential benefits for the country's economy and real estate sector. The decision is expected to pave the way for increased investment inflows and contribute to Ethiopia's overall development agenda.

In a significant policy shift, Ethiopia has announced plans to permit foreigners to own property within the country. Prime Minister Abiy Ahmed unveiled this decision, signalling a major change in Ethiopia's real estate regulations and opening up opportunities for international investors. The move to allow foreign ownership of property reflects Ethiopia's efforts to attract foreign investment and stimulate economic growth. By removing restrictions on property ownership, the government aims to create a more favourable environment for foreign investors looking to participate in the country's burgeoning real estate market. Under the new policy, foreigners will have the opportunity to acquire land and property in Ethiopia, subject to certain regulations and guidelines. This initiative is expected to encourage foreign direct investment (FDI) in the real estate sector and drive development across various segments of the economy. Ethiopia's decision to open up property ownership to foreigners comes amidst ongoing efforts to liberalise its economy and attract foreign capital. By embracing foreign investment in real estate, the country aims to spur infrastructure development, create employment opportunities, and foster economic prosperity. Furthermore, the move is likely to have positive implications for the real estate market in Ethiopia, leading to increased demand for residential, commercial, and industrial properties. It also signals the government's commitment to promoting inclusive growth and fostering a conducive environment for foreign investors. As Ethiopia embraces foreign ownership of property, stakeholders are optimistic about the potential benefits for the country's economy and real estate sector. The decision is expected to pave the way for increased investment inflows and contribute to Ethiopia's overall development agenda.

Next Story
Infrastructure Urban

Implementation Status of Jal Jeevan Mission

Since August 2019 the Government has implemented Jal Jeevan Mission to provide assured potable water through household tap connections in rural India. At the start of the mission only 32.3 million (mn) rural households, representing 16.7 per cent, were reported to have tap water connections. States and union territories have reported that 125.8 mn additional rural households have since been provided with tap connections. As a result, of about 193.6 mn rural households roughly 158.2 mn, or 81.71 per cent, are reported to have tap water supply at home.\n\nThe State, district and village level st..

Next Story
Infrastructure Urban

Jal Jeevan Mission Reaches Eighty One Per Cent Rural Coverage

The Government reported substantial progress under the Jal Jeevan Mission, launched in August 2019 to provide tap water to every rural household. At launch only 32.3 million (mn) rural households had tap connections and states and Union territories reported provision of 125.8 mn additional households by March 2026. Consequently, out of about 193.6 mn rural households around 158.2 mn, or 81.71 per cent, are reported to have tap water at home. The Finance Minister announced extension of the mission until 2028 in the 2025-26 budget speech. The Swachh Bharat Mission Grameen, launched in October 20..

Next Story
Infrastructure Urban

Empowering Local Governance for Sustainable Rural Water Supply

The Ministry of Jal Shakti has aligned the Jal Jeevan Mission (JJM) with the 73rd Amendment to strengthen village level planning and community ownership of water supply. Gram Panchayats, village water and sanitation committees and Pani Samitis are to plan, implement, manage and maintain piped water systems, with gram sabha processes formalising handover and oversight. Implementation support agencies including non government organisations, community based organisations and self help groups have been empanelled to train local committees and promote women participation. Under JJM, the department ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement