Addis Ababa: First Batch of 40/60 Condominiums InauguratedMarch 11, 2017 - The first batch of 40/60 condominium houses built in two sites in Addis Ababa under the 40/60 housing program inaugurated today, according to ENA. The 1,292 condominium houses are part of more than 39,000 condominium houses being built in 13 sites in Addis Ababa. The project known as the 40/60 housing program is part of the government's initiative in developing condominium houses so as to ease housing shortages in the capital and major towns. These types of condominium houses will be transferred to beneficiaries who saved 40 percent of the cost of the houses. The houses expected to be transfer for beneficiaries in the near future, according to officials.

Source: Ethiopian News March 11, 2017 21:00 UTC