New Corporation to Administer Condominium ProjectsFebruary 13, 2017 - A new draft is being prepared by the Ministry of Urban Development and Housing, which would combine the construction and administration of 20/80 and 40/60 condos under the roof of a single corporation, according to Capital. The Addis Ababa City Administration Housing Management Agency, responsible for delivering finished homes to the beneficiaries will also be part of the new corporation. Capital reported recently that no audit had been conducted so far on steel bar, cement, and sand procurement in the 20/80 condos. A source from Addis Ababa city Administration told Capital that the new corporation is expected to be established in one year. Turnover is expected as Addis Ababa City Administration appointees will soon leave their management positions.

Source: Ethiopian News February 14, 2017 02:15 UTC