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Ethiopia - 71,000 condos under construction in Addis Ababa

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10/29/07

  02:42:30 pm, by admin, 334 words  
Categories: Business, Ethiopia

Ethiopia - 71,000 condos under construction in Addis Ababa

Small and micro enterprises in Ethiopia to create 18 mln jobs
71,000 condos under construction in Addis Ababa

By Andualem Sisay

Capital


Addis Ababa - Ethiopia The Ministry of Works and Urban Development (MWUD) targets to create up to 18 mln jobs in the next five years by strengthening the 1.8 mln Small and Micro Enterprises (SME) in the country.
Currently, the existing 1.8 mln SMEs are only able to create jobs for only 2.2 mln people. “Now, our primary target is to strengthen these enterprises by addressing the challenges they face”, said Kassu Illala, Minister of MWUDE at a press conference held in his office on Tuesday, October 23, 2007.

“We will make each of these SMEs to be able to hire at least 10 employees each. As these enterprises have already identified their potential markets and challenges, it will be easy for them to expand their business by creating more jobs if our Ministry works closely with them,” the Minister said.

The enterprises have been established through loans from Micro Finance Credit and Savings Associations that formed The Association of Ethiopian Microfinance Institutions (AEMFI) on 28 June 1999.
In addition, under its urban and industry development package, the Ministry is also planning to build 400,000 houses by the end of this five year plan, according to the Minister.

It is also planning to involve the private sector, including private banks, to build the capacity of national construction companies in order to accelerate a balanced growth of the 900 towns in the country.
Recently, 30,000 condominium houses constructed in Addis Ababa by the Ministry were delivered to the owners by a draw and this year 71, 000 units are under construction. Other regional governments have also begun emulating the condominium construction project by selling bonds to the Commercial Bank of Ethiopia.

The government plans to involve 10,500 small construction companies. Regarding the larger local construction companies, the Ministry has recently allowed them to participate on tenders for big construction projects.

As a result, some local companies have started building roads although the majority of projects are still taken by Chinese companies.

22 comments

1 2 >>

Comment from: baymeno [Visitor]
baymeno

While Kinijit members fight for power that doesn’t exist yet, EPDRF is addressing the real issue of the Ethiopian people like house, creating job opportunity and eradicating poverty among other things.

Diaspora, do you think what Birtukan said to Hailu matter to Ethiopian people?

God bless Ethiopia!

10/29/07 @ 16:22
Comment from: Tamrat Tamrat [Visitor]
Tamrat Tamrat

Thanks to our troops which is defending our peace from shabians now ethio and ethioplovers are bussy in developing Ethiopia. But there are millions of shaibans shooting our troops from the back. Send shaians home. These tugs are the source of endless missery to EThiopia. Dont you feel any guilty conciousness by doing so. They wanted it. Even they dont want, that is not Ethios problem. Let them go and pray to theri god ‘issayas’.

Look how beutifull Ethiopia is when shabians leave Ethiopia. 70,000 conodos!!If five ppl move into each ie more than the ppl of capital city of shabians. If you dont know your seekness, difficult to get medicine. We got our seekness. It is called shabian cancer attcacking the unity blood cells of Ethiopia. The treatment is very cheap and easy send shabians home. They can go whereever they want, but to my private plasuere i want them to go to erritrea.

Go Ethiopia, go go.

10/29/07 @ 16:50
Comment from: Yeha [Visitor]
Yeha

Yes indeed condo is everywhere in Addis know days. Go there your self and tell us your obeservation. I know it because I been there and saw it practically.
Retarded diaspora what do you say at this point nada but cries.
Please smell the democracy out there.Yeha

10/29/07 @ 17:31
Comment from: teshome [Visitor]
teshome

Ethiopia - 71,000 condos under construction in Addis Ababa.
Good news

10/29/07 @ 18:33
Comment from: gebre egzi [Visitor]
gebre egzi

this is not reil weyane wants to
play our mind fill your chick in your condominiyem house human cant live in this for tigray peopleis heven

10/29/07 @ 18:38
Comment from: dw [Visitor]
dw

I wish not to write anything, but when I hear some of the messages that people post, it makes me uncomfortable and here I am to write my complain: please leave the politics to the politician and do what you have to do.
Thank you.

10/29/07 @ 18:53
Comment from: mikey [Visitor]
mikey

kingit..the joke of our time! Ethiopian people PLEASE stick to the facts! Look at the record of ERRDF regime instead of stupid propoganda and power hunger by kingit.

10/29/07 @ 19:50
Comment from: fish [Visitor]
fish

you mean 71000 prisons then you are right other wise we have seen this primitives for the past 15years lying the same shit again and again. Go and look for a fool or a cadree to bye your lies.

10/29/07 @ 21:32
Comment from: ethio [Visitor]
ethio

WOW WOW WOW …..

GO ETHIOPIA GO ETHIOPIA GO ETHIOPIA
GOOD NEWS I LOVE IT

ONELOVE

10/29/07 @ 21:36
Comment from: moa [Visitor]
moa

Dictatorship + no human right + no freedom of press + ethnic segregation + landlocked = poverty and backwardness.

10/29/07 @ 22:38
Comment from: kenne [Visitor]
kenne

first respect human right then bulid stupid melleesee

10/29/07 @ 23:43
Comment from: gohst face [Visitor]
gohst  face

LIKE ALWAYS it sounds VERY GOOD, but IT IS BULLS@#T. Because, right now, Woyane is desperate to get the support for the upcoming war with Eritrea. Therefore, they will say any thing that sounds good to convince the Ethiopian people and to get the needed support. Many Ethiopians including my self were surprised to see woyane’s leader and his wife, on the eve of new year (mellinium), wearing Ethiopian traditional cloth. It is not a coincidence, it is a well organized theater by woyane as well as these “to good to be true” reports also a well fabricated stories. therefore whatever they say right now, i will not trust them.

10/30/07 @ 01:37
Comment from: maleda [Visitor]
maleda

it is good news. i love that who cares about your politics

10/30/07 @ 03:09
Comment from: HAGOS [Visitor]
HAGOS

BRAVO EPDRF, CONTINUE TO DEVELOP ETHIOPIA

10/30/07 @ 13:14
Comment from: koster [Visitor]
koster

There were also high rising buildings in Baghdad, do not be stupid because you blindly support tyranny. As long as there is no peaceful transition of power whatever is being done is useless.

10/30/07 @ 13:58

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rebtel

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