Fed Eyes 7.2m Housing Units Erected in Decade

May 7 , 2022


Fed Eyes 7.2m Housing Units Erected in Decade

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.


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MOVING SCAFFOLD

Part of the road construction around Qera is at its final stages. Workers are painting the bottom of the bridge to make it more aesthetically pleasing. To do this, they have built scaffolding on top of a truck to make moving from one section easier...


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UMBRELLA LINES

An umbrella has become one of the most important accessories to carry when going out. Commuters waiting in line for public transportation is a case in point. There are dozens of umbrellas on display to protect against the tough rainy season...


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Metal Products Manufacturer Inks Sebeta Expansion Deal

Woda Metal Industry Plc has inked a deal with the Ethiopian Investment Commission to expand its 19hct plant in Sebeta town, Oromia Regional State. The Chinese-owned company is involved in the manufacturing of steel structures such as telecom towers, high voltage cables and metal bellows. Its managers want to expand the facility in Sebeta to cover 100hct, erecting three assembly lines for electric cars, transformers and tyres. They estimate the expansion will require 95 million dollars. ...