Chaka Housing Project Kicks Off with Multi-Billion Birr Developer Contracts

This week saw private and state-owned developers sign contracts valued at 67 billion Birr for the construction of more than 4,100 housing units in Addis Ababa under the Chaka Housing Development Project. The venture agreement is part of a broader 72 billion birr housing initiative under a public-private partnership (PPP), officially signed on July 3, 2025, between the Ministry of Finance and various real estate companies. A statement released following the signing details that 4,175 housing units will be constructed as part of the project.