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German company enters Ethiopia's real estate market

German company enters Ethiopia’s real estate market

January 22, 2021

ROCKSTONE Ethiopia, a German based company, has invested one billion Birr to building KEFITA, a G+20 exclusive apartment building with hotel-like amenities off Embassy Row in the Signal district of Addis Ababa.

East African Holding to build 800 houses in Addis Ababa

East African Holding to build 800 houses in Addis Ababa

September 8, 2020

East African Holding, one of industrial conglomerates in Ethiopia known for its investments in manufacturing of consumer goods, has moved to real estate development by launching construction of 600 houses in the…

PM Abiy launches $69 million road project in Jimma

PM Abiy launches $69 million road project in Jimma

December 28, 2019

Prime Minister Abiy Ahmed of Ethiopia launches a 2.2 billion birr (about $69.3 million at current exchange rate) road construction project in Jimma, Oromia region of the country to be built by…

Addis Ababa launches construction of Adwa center

July 19, 2019

The Addis Ababa city Administration has launched the construction of six projects in the capital worth 10.7 billion birr (close to $369 million) including grand Adwa center with library.

Ethiopia inaugurates toll road linking with Djibouti

Ethiopia inaugurates toll road linking with Djibouti

June 16, 2019

With the aim of easing its import-export trade logistics, Ethiopia today officially inaugurates 220 kilometers toll road that links eastern part of Ethiopia’s city – Dire Dawa with Dewale city bordering Djibouti.

Knowledgeable mayors drive change in Ethiopia’s cities

Knowledgeable mayors drive change in Ethiopia’s cities

March 8, 2019

A three-day multi-stakeholder capacity development meeting to support the building of effective, accountable and inclusive institutions at all levels of the Ethiopian urban governance system is held in Addis Ababa.

Addis Ababa warns tax dodgy real estate developers

Addis Ababa warns tax dodging real estate developers

January 31, 2019

The Addis Ababa City Administration has warned over 100 real estate developers engaged in tax dodging and has been misusing the land they secured from the city administration. In recent years, tax…