: Commercial spaces located in prime sites (such as Senga Tera) generate immense competition. In historic bidding rounds published by the paper, private financial institutions like Enat Bank S.C., Wegagen Bank S.C., and Oromia International Bank competed aggressively, with winning bids reaching record highs of 171,000 Birr per square meter to secure prime branch locations. Structural Breakdown of the Housing Schemes
Following a rigorous evaluation process by the Addis Ababa City Administration Land Bank and Transfer Agency, thousands of applicants gathered at distribution centers this week to hear their fortunes. The initiative, designed to stimulate the local economy and provide sustainable livelihoods for city residents, has awarded shop spaces to 5,200 winners in the latest round of allocations.
Commercial condo winners are required to fulfill the financial obligations set by the Commercial Bank of Ethiopia (CBE) and the city administration. addis lisan newspaper condominium shop winners
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Understanding the two main government schemes is critical for potential buyers, as they determine the payment structure and financial commitment: : Commercial spaces located in prime sites (such
Do not go directly to the bank. You must first visit your registered sub-city housing administration office. Present your original identification card and registration slip to receive an official lottery winning confirmation letter. Step 2: Fulfill Financial Obligations at CBE
For many, the announcement marks the end of years of waiting and the beginning of a new chapter. The initiative, designed to stimulate the local economy
The winners are never published online initially due to data protection laws and print-first government policies. You must buy the physical newspaper (or a scanned PDF from licensed vendors). Check the date: the newspaper explicitly states on the front page: “List of Condominium Shop Winners for [Project Name] on Pages 6-9.”
Once the payment is confirmed, the winner enters into a formal contract with the City Administration. This document outlines the terms of ownership, monthly mortgage payments, and the specific commercial use allowed for the shop. Why These Shops are in High Demand
If you are among the lucky winners, time is critical. Follow this checklist: