Wednesday, March 4, 2026
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Chinese, Ethiopian construction companies hold forum

Chinese construction companies and political leaders arrived in Addis Ababa this week to enhance their cooperation with private Ethiopian construction companies.
The team, led by Hunan province governor Xu-dazhe, signed Memorandum of Understandings (MoU)s with businesses from Ethiopia.
During a conference, held at Hilton Addis last week, giant multinational construction companies from  the province shared their experience with their Ethiopian counterparts and discussed challenges the industry is facing.
Hunan province which is 1300 km from Beijing had a GDP of 330 billion USD in 2017 has become the world’s major destination of prefabricated construction materials. The province has become the base of more than 1,000 construction companies which have a presence overseas according to governor, Xu-dazhe.
“Ethiopia appreciates any help to achieve its economic plans,” said Engineer Aisha Mohammed, Minister of Construction during her opening remarks.
She also added that the China’s experience will help the Ethiopian construction sector overcome its quality safety, on-time delivery, and management problems.
The minister said the Ethiopian construction industry which has been consuming 50% of the nation’s capital budget for the last decade is expected to become fifth globally.
Among the Hunan based delegates makers of construction machines and vehicle producers also showed an interest in participating in industry and held talks with Ethiopian businesspeople.
Chinese construction companies, construction machine makers, vehicle producers and real estate companies all are expected to stay in Ethiopia for a few more days and explore opportunities.
The governor also invited the attendants of the summit for the fourth edition of the Investing in Africa forum which is going to be held after a year, in June.
The Ministry of Construction arranged this summit in collaboration with Hunan Province after its visit a few months ago. It was sponsored by Flintstone Homes.
Among the opportunities presented   to the delegates are the Public-Private Partnership Projects, and mining areas. Tax holidays, the availability of a large trainable labor force and infrastructure expansion plans have were highlighted as opportunities.
Members of the delegation said, in addition to the large population and natural resources, Ethiopia is a major strategic country for Chinese investors to reach the region and the continent.

Seventeen thousand 40/60 condos to be transferred soon

Studios to be rented to civil servants  

The Addis Ababa Saving House Development Enterprise is in discussions with the Commercial Bank of Ethiopia (CBE) to transfer 17,000 40/60 condos which are on the verge of completion in Gerji, Bole Bulebula, Hayat, Meri and Summit.
Right now the Enterprise is completely responsible for finishing the entire home including what is termed as ‘finishing work’. However, many of the homes need work done on them, for example doors and windows need fixed as well as toilets and kitchens and ceramic floors. To speed up the process, the Enterprise wants the new home owners to be responsible for those finishing works. Hopes are that the condos can be transferred within a month.  Sources at the Enterprise told Capital that first opportunity will be given to people who save can pay the entire amount of the home.
“There is some delay in delivering the houses and the Enterprises is now thinking that  it is better to leave the finishing works to the beneficiaries by drawing a lottery, the idea will be attempted if  CBE and municipal can agree on this issue .’’
When the 40/60 condo housing schemes began in 2013, AASHDE set the price at 2,289, 3,300 and 3,860 birr per square meter for one, two and three bedrooms respectively. But the price of the 17,000 condos will be revised when they are delivered soon.
Capital’s effort to get CBE to comment on the issue was not successful.
When the 972 houses were delivered last year ASHDE raised the prices from 3,200, birr to 4,918 birr per square meter which meant that a 124sqm two bedroom condo cost 609.8 thousand birr, and a 150sqm three bedroom 737.7 thousand birr and a 168sqm four bedroom 826.2 thousand birr.
Then  CBE told winners to add the interest rate price from the previously increased price which meant that one bedrooms buyers paid 701,270 birr while the two and three bedrooms paying 847, 650 birr and 950,000 birr respectively.
Currently 39,000 houses including the nearly completed 40/60 condos are under construction.
In other related news more than 1,500 houses of 20/80 condo houses will be rented to the government workers who earn less than 2,000 birr per month.
The houses will be rented to the workers in the draw which will be expected to be held very soon. The rental price is expect to be 350 birr per month. The studios are coming from the recent counting and are illegally occupied by some people.

READYING THE YOUTH

When we say ‘readying’, we do not mean ‘grooming’, ‘training’, etc. We will leave the execution of these latter ones to the current global system that is bent on brainwashing the youth all the way to zombie-stan! The primary and universal problem of the prevailing world order is its irrational fixation on unsustainable growth and excessive consumption. To implement its objectives, the system requires (amongst other things) regular supply of unthinking drones sprinkled with some thinking ones so that the manipulation of nature can go on unabated. Bringing up inquisitive/critical youth with enough capacity and confidence to interrogate our suicidal collective trajectory is certainly not the desire of this destructive system! See the articles next column, on page 23,29,41 & 46.
The current global system is, without a doubt, the most destructive concoction the walking ape has ever devised in its short sojourn on the blue planet! There are plenty of reasons why we keep on saying this. First, we are exhausting non- renewable resources as if there is no tomorrow. Second, we are callously destroying life and the ecosystems that have been sustaining life for eons. Thirdly, we are changing/affecting the composition of the atmosphere, oceans, polar icecaps, (climate change), etc. and don’t seem to worry about it. Every day from two hundred to three hundred species go extinct, thanks to the geological era we now call the anthropocene! Our youth is shielded from knowing the honest truth about all such happenings because of massive indoctrination and palliatives to numb their critical faculties. The global power that be has set up institutions to make sure posterity will remain slave of the existing destructive order. Unless the global youth wakes up from its slumber and starts to question the ways of the status quo, even the dominant species itself will not have much time left!
The word ‘readying’ is meant to convey the need to prepare oneself for all eventualities.  Whether we like it or not, ‘unintended consequences’ will dominate our current and future existence, as we have massively disturbed natural phenomenon, without appreciating the inherent interconnectedness of all things on the planet, if not the universe! Therefore, the least we can do is anticipate potential consequences. Some will definitely be in the form of ‘unintended consequences’. The growth narrative is one such animal whose consequences will not be pleasant. How is it possible to have a non-stop economic growth, (propelled by cheap fossil oil) on a finite planet? There are also other unintended consequences, mostly of societal nature haunting inquiring minds, but we will not go over them today. The relative comfort modernity brought about has costs that are humongous, if we take into consideration the matter of externalization. If we take into account the massive costs due to soil erosion, ocean acidification, air pollution, species extinction, etc., modernity itself might not well be desirable!
When the human collectives/social systems are determined to stifle justifiable inquiries, changes, not always peaceful, will become inevitable. In Southern Europe; namely Greece, Spain and now Italy, the youth has started to become active in traditional politics. The old parties in these countries were kicked out of power by new populist movements, effectively spearheaded by the youth. Increasingly, the youth in these countries is articulating its positions in regards to economics (austerity) and politics (immigration) outside of establishment logic, i.e., independent of the status quo. These spreading moves of the youth have started to rattle global dominant interests and they have started to take their own actions. The ‘Arab Spring’ had to be subdued, as it was threatening powerful global interests. Some component of the youth, particularly in the OECD (rich countries), has also adopted the strategy of systemically dropping out from it all. Granted, the youth might not be wise in the ways of the world and also lacks viable ideology that can galvanize all of humanity towards a more sustainable and equitable global arrangement. But this is understandable, especially as it has not yet liberated itself from the prevailing logic of the greed system.
As it stands, establishment thinking, which is geared to rewarding stupidity and greed, while punishing wisdom and experience, still holds sway all over the world. Unlike the old days however, many promising youth have started to engage in all sorts of alternatives. Naturally, there will be many false starts, before convincing and viable ideologies take over the imagination of the youth, leading it to a more resilient, balanced democratic order. To some extent, the changes we are witnessing in the arena of politics in Ethiopia, to say nothing about visibly shifting polity is a reflection of this new and bold orientation of the majority of the population in the country (30% is less than 30 yeas old)! In our case, the youth was pushed to challenge the existing order, as comprehensive corruption (injustice, etc.) became the modus operandi of the state. Ethiopia’s ‘Mafia State’, the powerful state behind the formally elected one, became the de facto ruling class of our so-called ‘developmentalist’ state. Going forward, the important thing for the youth to do is; become more independent in thoughts, actions and reflections, with a view to institute new forms of collective societal existence, based on transparency, equity, democracy, sustainability and resilience. Liberation from the grips of the status quo should remain paramount!
“There is no such thing as a neutral education process. Education either functions as an instrument which is used to facilitate the integration of generations into the logic of the present system and bring about conformity to it, or it becomes the ‘practice of freedom’, the means by which men and women deal critically with reality and discover how to participate in the transformation of their world.” Paulo Freire. Good Day!