KEFITA TO 1B BR

Jian Yan Han (left), general manager of HuaHong Construction, Dietrich E. Rogge, CEO and founder of the German company Rockstone, and Lelise Neme, head of the Ethiopian Investment Commission


KEFITA TO 1B BR

Jian Yan Han (left), general manager of HuaHong Construction, Dietrich E. Rogge, CEO and founder of the German company Rockstone, and Lelise Neme, head of the Ethiopian Investment Commission, stand ready for a photo op on the occasion of the awarding of a billion Birr construction agreement on January 21, 2021. The agreement was signed between Rockstone and HuaHong, a Chinese firm, to build an environmently-friendly, 21-story apartment building in the Signal district of Addis Abeba. Called Kefita, it is a rare European real estate investment venture in Ethiopia set for completion in 2023.

[ssba-buttons]

Radar

Construction Sector Faces 'Serious Trouble,' Minister Warns

The construction industry in Ethiopia is in "serious trouble," said Chaltu Sani, Minister of Urban & Infrastructure Development, citing major challenges with finance, competitiveness and material costs. Speaking at the opening of the BIG 5 Construct Ethiopia expo and the inaugural East African Infrastructure & Water Expo at Millennium Hall last week, Chaltu stressed the need for concerted efforts from government, private sector, and international partners to support the 67 billion dol...


Radar

Wegagen Bank, Gift Real Estate Partner to Promote Diaspora Homeownership

Wegagen Bank S.C. and Gift Real Estate Plc. signed a Memorandum of Understanding (MoU) on June 23, to offer housing loans for homebuyers, with a special focus on the Ethiopian diaspora. The agreement enables eligible diaspora members to access loans covering up to 80pc of a home's value at reasonable interest rates. The bank's Deputy CEO Kidane Gebreselassie noted the deal will promote the real estate sector and expand homeownership options. Founder and CEO of Gift Real Estate, Gebreyesus Igata...


Radar

Jimma University Signs Sports Science Agreement to Strengthen National Programmes

Jimma University has signed a four-party Memorandum of Understanding (MoU) with the Ethiopian Academy of Sciences, Derartu Tulu Sports Training & Research Institute, and the Oromia Youth & Sport Bureau to advance Ethiopia's sports science and training capacity. Signed on June 26, the agreement includes joint research, shared facilities, and hosting of national and international competitions. It is expected to strengthen youth development, public health, and national pride through coor...