In the ongoing EFY 2017 half-year performance review, Ethiopian Investment Holdings (EIH) engaged with the Federal Housing Corporation of Ethiopia along with the Somale Tera high-rise mixed-use building project field visit.
Impressively, the Corporation achieved 117 percent of its 6-month target revenue (provisional.)
It surpassed targets for housing allocation of 104 percent, maintenance of 99.3 percent, and construction resource provision increased by 37 percent from last year.
The physical performance of the Somale tera project achieved a 99.5 percent completion rate, according to Ethiopian Investment Holdings.
To enhance performance further, the Corporation plans to prioritize building its property and asset management capacity, focusing on rental leasing agreements and contract administration.
Additionally, feasibility studies have been identified as a strategic priority for the upcoming six months.
Exploring various finance sources for housing development including real estate investment trusts, Public Private Partnerships, and Joint Ventures are among the priorities.
Source: ENA
