Ethiopia’s Ministry of Finance has signed seven new public-private partnership (PPP) agreements, giving a major boost to Ethiopia infrastructure investment partnerships. These deals cover four affordable housing developments, two tourism projects, and one integrated diagnostic health facility. The agreements reflect the government’s strategy to use blended financing for public infrastructure. Finance Minister Ahmed Shide emphasized that private capital is essential to reducing the strain on public finances.
Housing projects represent the largest share of these new deals. The private developers include Ice Home Development and Construction PLC, Ovid Chaka Housing Development PLC, Ovid Kings Tower Housing Development PLC, and the Ethiopian Construction Works Corporation. These initiatives aim to expand access to affordable homes while maintaining quality and sustainability.
Prime Minister Abiy Ahmed, addressing the House of People’s Representatives, stated:
“To address the housing shortage, we’ve introduced public, private, and public-private partnerships — an approach not used before.”
Over the past five years, Ethiopia has constructed over one million new homes, and 265,000 more are underway. Rural corridor housing projects also form part of this expansion. These initiatives support the country’s commitment to strengthening Ethiopia infrastructure investment partnerships for long-term growth.
Two tourism-focused PPPs are part of the agreement. Denbi Lake PLC from MIDROC Ethiopia Group and Awash Falls Resort PLC, affiliated with Boston Partners, plan to develop eco-tourism sites. These projects aim to generate jobs and promote sustainable travel.
In healthcare, a consortium of Cerbalancet, ICL, and Pioneer will launch the Integrated Diagnostic Service Center Project. This facility will enhance diagnostic care in underserved areas. Together, these initiatives highlight how Ethiopia infrastructure investment partnerships are expanding into new sectors beyond transport and housing.
All agreements align with Proclamation No. 1076/2018, Ethiopia’s PPP law. It provides clear legal guidance, promotes transparency, and builds investor confidence. The framework is a cornerstone for attracting private participation in public infrastructure.
The Office of the Prime Minister reaffirmed the government’s commitment to PPPs, particularly in priority sectors such as housing, tourism, healthcare, and transport.
Ethiopia is shifting toward a blended finance model that combines public and private investments. These seven projects are expected to create jobs, enhance service delivery, and support inclusive development.
As more Ethiopia infrastructure investment partnerships come into effect, the country is positioning itself as a regional leader in PPP-driven infrastructure growth.
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