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Za-Ilmaknun
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Posts: 4063
Joined: 15 Jun 2018, 17:40

Who is going to pay for the 50 Billion Birr debt for Takele Oumma's Condominium blunder?

Post by Za-Ilmaknun » 09 Sep 2020, 13:10

It is reported that the condominiums that Takele Oumma distributed to his ethnic kin have been built by a huge 50 billion Birr debt the City has borrowed from Banks. The scheme was designed in such a way that the Condos would be built by stewardship of the Addis Ababa City administration to later handover the properties to the would be condo owners who are in turn responsible to pay for the debt. Addis Ababa residents have been saving for such purpose for the last 18 years to be told that their condominiums have been distributed to people coming from Wellega and Arssi. Now the Ethiopian people are expected to pay the tab. This is the great blunder of shifting resources for the selected few while the debt is to be fallen on the shoulders of all.

https://www.ethiopianreporter.com/article/19784

Wedi
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Posts: 7959
Joined: 29 Jan 2020, 21:44

Re: Who is going to pay for the 50 Billion Birr debt for Takele Oumma's Condominium blunder?

Post by Wedi » 09 Sep 2020, 13:47

The people of Addis Ababa will pay it :P

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