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.


Geda Special Economic Zone Receives Prospective Tenants

East African Holding and Ethio-Chicken have been shortlisted to invest in the Geda Special Economic Zone(GSEZ), located in the tri-state area shared by Mojo, Adama, and Shashemene cities within the Oromia Regional State. The two companies were selected from 120 investors who showed interest in acquiring space in one of the largest SEZs in Africa. Close to 404hct of land has already been developed in the expansive economic zone, out of a potential 24,000 hectares, with lease prices set between...


Standard Institute Revamps Fees, Board Restructuring

The Ethiopian Standards Institute (ESI) is set to introduce fees for standards sticker, establish a new governing board, and address collaboration with other regulatory bodies. The Institute plans to strengthen its financial standing by charging fees for standards and product certification services to support its operations and annual budget. A key change involves replacing the current Council of Standards with an 11-member Board of Directors. The Minister of Trade & Regional Integration...


Safaricom Ethiopia Rolls Out its Network to Tigray

With 125 self-built towers, Safaricom Ethiopia has launched its operations in the Tigray Regional State. Executives disclosed plans to invest in an additional 166 towers and expand their reach to the remaining towns. "This is the most exciting milestone in Tigray since the return of social services," said Getachew Reda, president of the Interim Regional State Administration. In July 2021, the consortium-backed telecom giant entered Ethiopia's market, historically dominated by state-owned E...