ADDIS ABABA, (Xinhua) --
The Ethiopian government announced plans on
Thursday to give housing benefits to 1.1 million residents of
Ethiopia’s capital city Addis Ababa.
Minister of Ethiopian Ministry of Urban Development and Housing
(MoUDH), said the Ethiopian government will invest 860 million
U.S. dollars to ease the capital city’s housing shortages.
The money in
particular would be used to complete 132,000 unfinished houses
in the current Ethiopian Fiscal Year 2017/18 that started July
government has in the past 12 years constructed and transferred
175,000 houses to Addis Ababa residents in a bid to keep up with
the housing needs of a rapidly growing urban population.
The government has
identified meeting the housing needs of its population as part
of good governance pledge it made to bring long-term prosperity
and stability to one of Africa’s fastest growing economies.