A study on the impact of the current land lease law. Beauties and Calamities on Business and Investment Expansion: in Addis Ababa, Ethiopia

      Аннотация: The study on the impact of the current land lease law on business and investment expansion in Addis Ababa city Administration had been carried out with the objective to critically investigate the land lease law enacted in 2011 and its related directives issued to guide the implementation of the land lease policy and its impact on business and investment expansion. The study also aims to establish facts whether the realization of the law had achieved the intended purposes. In view of that, the impact of the latest functional urban land lease law on business sector development and investment expansion has critically been assessed. In doing so, background review has been conducted with different land lease policies and laws promulgated in the country since the endorsement of free-market economic system in the country. The findings of the study apparently witness that access to land has been a serious challenge for the business community in the City. This is in fact supported by various triangulating figures and facts obtained from different sources (predominantly the sample survey). In sum, the land is a key natural resource that requires proper consideration in urban development.

Ключевые слова: URBAN LAND, land lease, Land development, Land lease law, investment, business, land price, land auction, urban development, Land Governance, land policy