City Launches 8b Br Condominium Project

Jan 15 , 2022

The Addis Abeba City Administration has embarked on an eight billion Birr condominium housing project. Dubbed the 'Akaki Prefab Housing Phase I' project, it will see the construction of 5,000 houses. The project will use prefabricated (prefab) technology, which was chosen for its shorter construction duration. The project will be completed within a year, according to officials at the City Administration. The land allocated for the project was previously under illegal holding, and was later seized and transferred to the city's Land Bank. During a launch ceremony last week, Mayor Adanech Abiebie stated it has been a challenge for the city to repay an accumulated debt of 54 billion Br from past condominium housing projects.


Arcane Markers

Hamere Berhan' at old post office prints books using ancient paper made from animal skin called 'Birana' .  The printing press is part of EOTC Ethiopian Tewahdo Orthodox Church which has had scribes for close to two millenia. Shortage of paper is still a problem in Ethiopia all newsapapers in the country are printed at one printing press , Birhana Selam around 4 kilo. This due to the fact there is a shortage of paper supply , no other printing press the government owned one have the forex to i...


Green Shift

A palm tree is moved to a new location for replanting around Meskel square. The global effort to battle man made climate change has gained steam over the last few years. African countries have shifted gear in tryin to unlock climate financing from the global north. With debt to GDP ratios averaging around 62pc continent wide, many countries are utilizing the climate narrative to get debt structuring. This one of the appeals of the PM of Ethiopia when he addressed the AU summit a month ago...


Strucural Makeover

Area around Ambassodor famous for its souvenir shops is getting demolished for real estate development. The A.A city administiration has ramped up efforts to remodel the city' s architecheure over the last few months. The capital was established by his majesty Emperor Menelik 137 years ago. He has also introduced the first telephone, car , hotel, hospital and host of other things to the country. A construction project headed by the mega projects office is 70 pc complete to commemorate his victor...