OVID Group, a local real estate developer, is proposing a solution to Addis Ababa's transportation woes: cable car technology. Yonas Tadese, Ovid Group CEO, announced the plan, highlighting the Group's broader efforts to leverage technology in urban development, including the construction of modern, technology-enhanced housing. OVID is a corporate holding comprising of six member companies, namely OVID Construction, OVID Trading House, OVID Manufacturing, OVID IT, OVID Venture, OVID Real estate and Ovid Integrated Health. The group recently entered into a Memorandum of Understanding (MoU) with Ethiopian Airlines to construct 5,000 houses for the airline’s employees. Source: Ethiopian Broadcasting CorporationAdditional source: Ethiopian News Agency and OVID Group
