2merkato

The Addis Ababa City Administration's Bureau of Finance & Economic Development is to sign a contract with Ethiopia's Image Consultancy PLC. for the design and construction supervision of new market centers across four districts of the city.

The market centers in each location will be designed for specific commodity. The Bole market center which will be constructed on 7000 square meter lot will feature vegetables and grain, while the Akaki market which will rest on 20,054 square meter. The already existing cattle, sheep and goat market in Kera and Kolfe-Keranyo Sub-city will be expanded further on 20,500 and 9,500 square meter respectively.

The Addis Ababa Cinema House Administration has awarded Skyline Consulting Architects & Engineers PLC., for the design of a new cinema hall building, with a contract value of 2.5 million Ethiopian birr, on July 16, 2013.

Located at Senga Terra, in Lideta Sub-city, the cinema hall will be housed within 2,473 square seven-storey building. In addition to cinema halls, the building will also include studio for film makers, according to Getachew Zeru, General Manger of the the Cinema Houses Administration.

Addis Ababa City Administration Micro and Small Scale Enterprises announced it has created job opportunity for over 171,000 citizens. 

Addis Ababa City Administration gave plots of land to 7500 street vendors with a view to integrating informal businesspeople operating on the streets to the main stream small-scale legal businesses.

The Addis Ababa City Administration is planning to revise municipal service tariffs, based on a study of the Finance and Economy Development Bureau of the city. The new City Administration, led by Mayor Diriba Kuma, that took office two weeks ago, targets to collect 2.3 billion Ethiopian birr revenue from municipal services, according to the city's budget for the 2013/14 fiscal year.

In the just ended Ethiopian Fiscal Year (2012/13), the City has collected 1.6 billion birr from municipal service. In its annual report for the current year, the City’s Finance and Economic Development Bureau said the tariff adjustment, which will see a 43 percent increase in revenue from municipal services, will contribute to the city’s budget, alongside other revenue sources such as tax and non-tax revenue.