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Goh Betoch Bank Collaborates with US Firm to Combat Ethiopia's Housing Crisis

2024-08-18 12:47:35.091000

In a significant move to address Ethiopia's pressing housing crisis, Goh Betoch Bank (GBB) has partnered with Global Trade and Finance Inc. (GT-Finance) as of August 18, 2024. This collaboration aims to provide both technical and financial assistance for various housing projects, including project finance, technology supply, venture capital investment, and knowledge transfer. GBB, which has been operational for over three years, recognizes the urgent need for long-term funding, affordable land, and effective real estate laws to facilitate housing development. COO Eskinder Dibekule highlighted the importance of these elements in ensuring the success of housing initiatives. Additionally, GBB is proposing the establishment of a housing fund inspired by Nigeria's experience in tackling similar challenges. Their subsidiary, Goh Property and Marketing, is actively working to build affordable homes, with ongoing collaborations with developers to enhance the housing supply in Ethiopia. This partnership reflects a growing trend of international collaboration aimed at solving housing shortages in developing nations. [5af8340f]

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