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[Nov 2017] Aschalew Belay Latest Ethiopian News AddisBiz.com | Ethiopian Business Directory & Portal - Addis Biz

Pizza Hut to open in Addis

Pizza Hut, a division of Yum! Brands Inc will be introducing the first US chain restaurant in Ethiopia within the next six months. Pizza Hut signed the agreement with Belayab Foods and Franchises on Wednesday April 26, 2017. Although it might change in the long term, initially all ingredients for the pizza chain will be sourced from abroad.

The agreement was signed to bring the franchise to Ethiopia at an estimated investment of 130 million birr expected to be spent with in the coming 18 to 24 months. Three different locations have

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Belayab, KIA Motors unveil cars assembled for Ethiopian market

Belayab Motors announced its partnership with KIA Motors Corporation for the assembly and sale of KIA automobiles in Ethiopia. The two companies was officially unveiled a number of car models that have been assembled, on Thursday, May 11, 2017 at the Sheraton Hotel.

Belayab Motors has established its assembly factory in Adama and has started to assemble RIO and PICANTO models for the market.

“Our company has already assembled RIO and PICANTO, two popular sedan car models and is in the process of introducing several

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Intercontinental, Louvre Hotel Groups Venture to Ethiopia

Tsemex Hotels & Business Plc, the World Bank’s International Finance Corporation (IFC) and Intercontinental Hotels Group (IHG) are expected to sign agreements for a loan of 9.5 million dollars to introduce to Ethiopia an Intercontinental Hotels group brand called Crowne Plazza. The initiative is already facing a court battle over its name by Crown Hotel, an Ethiopian hotel that has already been in business in Addis Abeba for years.

However, the IHG website says that it has already signed a management agreement with Tsemex, on a

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Golden Tulip joins Addis Ababa’s booming hospitality industry

A local hotel firm, Aschalew Belay Hotel Projects, is signing a profit sharing agreement late in the afternoon today with the Europe-based, Louvre Hotel Groups, to enable the former operate a newly-built four-star hotel under the Golden Tulip Hotel brand.

Golden Tulip Hotels and Resorts, managed under Louvre Hotel Groups, will be officially operating by joining the booming hotel industry in Addis Ababa in three months with a plan to build its 4-Star hotel, the owner of the Hotel

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New Agreements to Increase Addis Abeba’s International Hotel Brands to Double Figures

Four hotel management agreements were signed last week, which could push the total number of international branded hotels in Ethiopia up to 10. These were in addition to two agreements signed last weekend, with all six agreements negotiated by Calibra Hospitality Consultancy & Business Plc on behalf of the Ethiopia companies.

The agreements involve the local companies Eniy General Business, ADM Business Plc, Great Abyssinia Plc and Noah Real Estate, alongside the international companies – Accor Hotels Groups, Wyndham Hotels

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Belayab Enterprise to Start Vehicle Assembly

Aschalew Belay BelayAb Enterprise and Golden Tulip Owner in EthiopiaA new vehicle assembly plant; Belayab Enterprise (BE), is firming up negotiations with Ethiopia's Oromiya Investment Bureau for a 15,000 meter square plot to establish a 65 million birr facility. BE has already started building a workshop on 2800 sq.mt it has secured in Akaki.

BE will be the

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