2merkato

The 150 shops made available for bidding at the Lideta site of the Addis Ababa condominium housing projects have attracted large amount of attention.

More than 14 thousand individual bids were received for the shop space with interest seen from a diverse range of parties including insurance companies and banks.

The current round of bids attracted a record 56 thousand birr per meter square at the tender floated by the city administration for the Ethiopian capital at a floor price of 6 thousand six hundred birr.

Condominium shops in Lideta area of Addis Ababa sold for a record amount according to the city Housing Development Projects Bureau. The municipality earned 284.8 million birr from the sale of the condominium shops that sold more than eight times the floor price.

The Housing Development Projects Bureau received 14 thousand bids for the 150 shops it had on offer and announced 149 successful bids.

The successful bidders will pay 50 percent of the agreed upon sum upfront and the balance over a period of five years through the Commercial Bank of Ethiopia.

Condominium houses which are being constructed in different parts of Addis Ababa, Ethiopia, will obtain solar energy starting from this Ethiopian fiscal year, according to Fana Broadcasting Corporate.

The international conference on oilseeds, pulses and spices held in Ethiopia boosted exports and increased revenue.

The conference held in March was attended by many international delegates and has resulted in enhanced market links with buyers and brokers according to experts in the sector.

The price of sesame which was 1350 birr a quintal before the conference increased to 1,550 just two weeks after the conference they noted.

The Fourth Addis International Construction and Third Real Estate Trade Fair was held in the capital of Ethiopia from the 3rd to the 6th of May. The fair was organized by HPP Ethiopia, a Dutch company and an estimated 40 companies exhibiting domestic products and imports were featured.

Several local manufacturers of construction materials took part in the fair such as Oromia Pipe factory, and Ethiopian Steel PLC.