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[Oct 2017] InterContinental Hotel Latest Ethiopian News AddisBiz.com | Ethiopian Business Directory & Portal - Addis Biz

Addis Gets First Revolving Restaurant

intercontinental addis hotel revolving restaurant kazanchis addis ababa ethiopiaCenter Point Addis Restaurant, the first revolving restaurant in Addis Abeba, has opened today, August 24, 2017.

The restaurant shows a panorama of the capital, revolving 360 degrees in 55 minutes.

This restaurant is part of a 400 million Br expansion project by Intercontinental

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Simachew Kebede Finally Gets out of Prison

Simachew Kebede, the major shareholder of DH Simex Plc that owns Intercontinental Addis Hotel, finally gets out of prison after settling the case with the Federal Prison Administration, which resisted his release mentioning the pending appeal against him. He was released on July 13, 2017, with prohibition after serving four years of a six-year sentence for tax evasion crimes for which he was convicted.

The Federal High Court found him guilty and sentenced him during the court session held on June 14, 2017. But lawyers started

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Major Ethiopian Businessmen arrested on corruption charges

ketema kebede simachew netsa trading melaku fenta[2013 Archive News] - The Administration of Prime Minister Hailemariam Desalegn made the full might of its power known last Friday, after ordering the arrest of 10 high and medium ranking officials of the Ethiopian Revenues & Customs Authority (ERCA), along with six businessmen, some of whom are

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