City Administration to Hand Over 38,000 Condos in Early 2008 EC
The Addis Ababa City Administration Housing Development Administration Agency said it is going to transfer 38,000 condominium houses in November 2008 Ethiopian Calendar (EC).
City Administration to Issue Title Deeds to its Kebele Houses
The Addis Ababa Housing Development Administration Agency is preparing to issue title deeds for 156,430 kebele houses from 174,000 houses in Ethiopia’s capital, according to Fana Broadcasting Corporate (FBC).
City Adminstration of Ethiopian Capital Signs 4.4 Billion Birr Loan
The Addis Ababa City administration received a loan of 4.4 billion birr from the commercial Bank of Ethiopia for its housing development project. The money is earmarked for the construction of more than 40,000 condominiums this year.
The loan agreement was signed between the bank and the housing development project office on Sept 27. The loan from the commercial bank needs to be paid off in the fourth year after the agreement was signed with six per cent interest, according to Befekadu. The agreement allows the first year for construction and extends a further two years as a grace period he said.
City Admnistration to Establish Equipment Leasing Enterprise
The Addis Ababa City Administration's Credit & Small Enterprises Development Agency and Addis Credit and Saving S.C are to jointly establish a construction machinery rental enterprise, Fortune reported.
The new enterprise under formation with 500 million Ethiopian birr capital is intended to lease machinery to the city's micro & small enterprises.
City Announced 8th Round Condominium Winners
The Addis Ababa City Administration, Housing Development and Administration Agency announced the winners of the 8th round condominium houses beneficiaries on 20 March 2013.
The announcement was published on Addis Lessan, the City Administration's official newspaper and on its official websites.
