[Addis Fortune] Metropolitan Real Estate is set to break ground on a new luxury apartment site near the African Union Headquarters in Sarbet. The 19-storey apartment project is expected to be launched in March with a total investment of one billion Birr.
[Addis Fortune] Even after a change in government policy, builders and developers are having trouble receiving a sufficient supply of cement. Broken machinery, the insecurity in different parts of the country, and a lack of spare parts has hamstrung th...
[Addis Fortune] Bags of cement are stacked up high in Megenagna, one of the more famous retailing areas in Addis Abeba. But the closed warehouses in the photo betray the turbulence of a market where production is low, prices escalating, and the authori...
[Addis Fortune] Six consultants are vying to supervise a recently launched 4.5-billion-Br road project, which incorporates eight asphalt and gravel road network projects around five condominium neighbourhoods in the city. Covering a total of 118Km, the...
[Addis Fortune] Four new data centre companies have secured land to make their home at Ethio ICT Park, Ethiopia's Silicon Valley. Raxio Data Plc, RedFox Web Solution, ScutiX and Wingu.africa have signed a memorandum of understanding (MoU) with the Ethi...
[Addis Fortune] The Ethiopian Construction Design & Supervision Works Corporation has secured a deal to supervise the construction of two groundwater dam projects in two regional states at a total cost of 18 million Br. The two projects are located in ...
[Addis Fortune] A Chinese firm has begun the construction of a central square that rests on 179,000Sqm of land located adjacent to the premises of the Ministry of Foreign Affairs and on the National Palace Garage for 54.9 million dollars.
[Addis Fortune] Non-nationals who apply for a work permit to engage in the construction sector must get a recommendation letter from the Ministry of Urban Development & Construction, according to a new directive issued two weeks ago.
[Addis Fortune] Three billion Birr is planned to be raised at a fundraising gala dinner in order to fund redevelopment projects.
[Addis Fortune] Leaders of the Association of Ethiopian Bank Directors are pushing for the idea of jointly financing the ongoing construction of Ethiopia's signature mega dam project.
