The serious fraud charge filed against some of the founders of the Addis Prefab Houses Manufacturing Industry S.C. has been adjourned until Tuesday, January 21, 2014. This decision came following the prosecutor’s request for further investigation time, Fortune reported.
Addis Prefab Houses Manufacturing Industries S.C is on the verge of collapsing within a few months unless another party injects some cash into the company to fill its severe financial gaps. The share company is also letting its employees go as it suffers a serious liquidity problem, Capital reported.
Noh Real Estate will begin selling business, office and residential spaces at Abyssinia Mall and Jember Residential Village on Monday, December 30, 2013, Fortune learnt.
Construction of 40/60 condominium houses in Addis Ababa is well in progress; it is happening at a cost of 648 million Birr, the City Saving Houses Development Enterprise said.