Access Real Estate & Soliton Holding – A partnership worth two billion birr or maybe more
A promising joint venture between two real estate companies may see thousands of metropolitans in Addis Ababa get houses of their dreams
Access Real Estate S.C (ARE) claims the private sector in Ethiopia was “able to construct no more than 12,000 units for the last 40 years.” That is a bad prospect for a country of 80 million-odd, of whom more than three million live in its capital, Addis Ababa. “The result was an acute housing shortage in urban areas,” says ARE, an Ethiopian company established in February 2008 by 652 shareholders.