Over 143,000 condominium apartments were built in Addis Ababa to address the housing problem.

November 20, 2021

To alleviate the current housing crisis, the Ministry of Urban and Infrastructure reports that 143,295 houses are being built in Addis Ababa under the 40/60 and 20/80 housing development schemes. 101,594 of the 143,295 houses are covered by the 20/80 housing plan, while 41,261 are covered by the 40/60 housing plan. The construction process for the 20/80 houses has reached 98.86 percent, while the 40/60 houses has reached 92.24 percent. It is expected to be finished in March 2022. This is aligned with Ethiopia’s plan to build four million residential homes in urban centers over the next ten years. Vision 2025, a long-term development plan whose overall goal is to achieve sustained human development by 2025, with all of the prerequisites for a middle-income country, envisions the establishment of a robust, diversified, resilient, and competitive economy capable of meeting development difficulties and adapting quickly to changing market and technical conditions in the regional and global economy. Infrastructure development is a key ingredient in achieving quicker economic growth, according to the priorities highlighted as crucial catalysts for achieving the Vision 2025 goal.

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