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[Feb 2018] 10/90 Condominium Latest Ethiopian News | Ethiopian Business Directory & Portal - Addis Biz

Construction of new 20/80 and 10/90 condominiums awaiting approval

The Addis Ababa Housing Project Office (AAHPO) is still waiting for the city council’s approval to start construction of new 20/80 and 10/90 condominiums. The office had initially planned to construct 335,000 houses in the five years of GTP II. However, no new construction has been undertaken in the past four months of and the new GDP period, considered ideal for construction. 

Currently, there are over 130,000 houses already in progress across several coroners of the city. Yet several houses are lagging behind schedule, often

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City administration prepares new house ownership scheme

Mayor of Addis Ababa Driba Kuma has revealed that a new housing plan has been prepared to enable citizens who have smaller income and that did not register to buy condominiums in previous listings, become house owners.

The new scheme is especially tailored for people who have smaller income and are not able to save in order to be included on the current housing schemes. The mayor said applicants can register at their surrounding woreda offices to be considered in the program that will start in the coming

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1.06 billion Br Condominium Road Contracts Awarded to 5 Contractors

Addis Abeba City Roads Authority AACRA LogoThe Addis Abeba City Roads Authority (AACRA) awarded seven contracts to five contractors for a cumulative 1.06 billion Br for 20kms of asphalt roads. The agreements were signed on Thursday June 26, 2014 between Fekade Haile (Eng), head of the AACRA, and representatives of the construction companies, at the AACRA’s headquarters.

All off the

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35,000 10/90 and 20/80 Condominium apartments handed to owners in Addis Ababa on March 22, 2015

Update [July 02, 2015] - 1,292 40/60 Condominium units to be transferred to home owners

The Addis Ababa City Administration Housing Administration and Development Agency has handed over 35,000 condominiums to beneficiaries on Sunday March 22. The ceremony was held at the Addis Ababa Theater and Cultural Hall in the presence of Minister for Urban Development, Housing and Construction, Mekuria Haile and Mayor of Addis Ababa Driba

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41,000 Condominium Apartments to be transferred to home owners on March 19 - March 22, 2015

41,000 condominium apartment units will be transferred to home owners on March 19 - March 22, 2015 in Addis Ababa, Ethiopia. Ato Diriba Kuma, Mayor of Addis Ababa disclosed that 32,000 of the units will be given to new home owners while 7,000 will be given to those who were relocated for the construction of the condominium apartments. Out of the 35,000 houses, 1,000 are 10/90 condominium units while the remaining 34,000 are 20/80 units. The condominium units are located in Yeka Abado, Bole Bulbula, Tulu Dimtu and 7 other

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