Housing Corp Invests in Local Manufacturing to Combat Construction Costs


Housing Corp Invests in Local Manufacturing to Combat Construction Costs

Federal Housing Corporation (FHC) has launched a one billion Birr construction materials manufacturing factory on a four-hectare plot in the capital. The Corporation teamed up with Addis Abeba University for consultancy services and BM Technologies for contracting, covering the installation of concrete and hollow block manufacturing machines, drilling, warehouse, and shading facilities. The local company Shobole Plc completed the electro-mechanical work, and a 400m road has been built to link the factory to the main thoroughfare. CEO Reshad Kemal underlined the factory as a momentous step in addressing the difficulties of construction material pricing and quality, which have been impacted by shortages and escalating costs. “It’s a huge milestone,” he said. Equipped with two production lines, the concrete mixer can produce 100m of concrete per hour, aiming for an annual output of 202,752m. With an ambitious goal, Reshad projects an 8.6 million Br daily revenue from eight hours of operation, with annual revenue anticipated to reach 2.29 billion Br. FHC has launched two new housing projects, Kokebe Tsebah and Misrak General Housing Units, with a total cost of 963 million Br. Each project includes 13-storey buildings across three blocks, with each unit estimated at a market value of 2.85 billion Br. Reshad also revealed plans for FHC to acquire 120,000 homes over the next decade, seeking to engage multiple contractors to meet its objectives.


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Yirgalem Hospital Inaugurates New Oxygen Production Plant

A new oxygen production plant has been inaugurated at Yirgalem Hospital Medical College in Sidama Regional State. The launch was attended by the regional state's chief administrator Desta Ledamo and Health Minister Mekdes Daba (PhD). Desta noted that a new kidney dialysis centre will soon be opened as well. Mekdes stated that the Ministry is working to increase the number of oxygen production facilities from the current 10 to 34 nationwide. The Yirgalem plant cost 86 million Br to build and h...


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Corridor Develops with Parking, Recklessness Concerns, Research Finds

Research involving 400 respondents across four first-round corridor development routes revealed major challenges to the initiative. The study, conducted by Shaka Analytics and ETC Institute in collaboration with the Addis Abeba City Transport Bureau, examined the impact of the program on transportation patterns, transit accessibility, and parking availability. The routes—Arat Kilo to Bole Deldey, Embassy of England to Arat Kilo, Mexico roundabout to Wello Sefer, and Piassa to Arat Kilo—we...


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Digitalisation Spreads to the Court System

Ethio telecom and the Amhara Regional State Supreme Court have agreed to implement a Smart Court project in Bahir Dar to modernize court operations using digital technology. This agreement includes building a modern network infrastructure, implementing cloud services, creating a modular data centre, establishing a network operations control centre, and connecting the region's courts with a secure digital network. The project is designed to facilitate secure digital information exchange betwee...