Fed Eyes 7.2m Housing Units Erected in Decade

May 7 , 2022

Federal officials say they want to see up to 7.2 million housing units erected over the coming decade. Officials at the Ministry of Urban Development & Infrastructure have announced plans to have the private sector construct 80pc of the 4.4 million urban units they aspire to see erected in the coming 10 years. Federal officials hope to alleviate the acute housing shortages gripping the country's urban areas, particularly Addis Abeba. The City Administration's low-cost housing schemes first introduced in 2005 have been moving at a snail's pace. The Addis Abeba Housing Development & Administration Bureau, in charge of the housing scheme, is faced with financial troubles. Its officials say the state-owned Commercial Bank of Ethiopia (CBE) has been reluctant to provide loans for the construction of the low-cost housing due to frequent delays. Contractors involved in the projects say they have not been paid for their work as a result.



Hamere Berhan' at the old post office prints books using ancient paper made from animal skin called 'Birana'.  It is part of the Ethiopian Orthodox Tewahdo Church which has had scribes for close to two millennia. The shortage of paper is evident with close to 10 companies operating in the paper conversion industry and a single paper mill in the country. Local players have seen their market share drop over the years and are looking to regain it. ...



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 gears in trying 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 was one of the appeals of the Prime Minister of Ethiopia when he addressed the AU summit...



The area around Ambassador, famous for its souvenir shops, is getting demolished for real estate development. The Addis Abeba City Administration has ramped up efforts to remodel the city's architecture over the last few months. The capital was established by Emperor Menelik 137 years ago. He also introduced the first telephone, car, hotel, and hospital to the country. A construction project headed by the mega projects office to commemorate his victory over the Italians at Adwa is 70pc complete...