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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…

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Tiens Ethiopia Hopes to Regain License

Tiens Ethiopia Hopes to Regain License

The Federal Supreme Court Cassation Bench on July 27, 2017, lifted the trade license revocation of Tiens Ethiopia Plc, a supplier of various items, mainly medical supplements, ordering the Ministry of Trade (MoT) to review the case again and pass…

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Third Expressway to be constructed in Ethiopia

The Ethiopian Roads Authority (ERA) is considering only Chinese companies for the construction of the nation’s third expressway, which will extend the Addis-Adama Expressway, with an estimated cost of 12 billion Br it secured from the EX-IM Bank of China.…

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Dusit Thani Resort Coming to Ethiopia

Fretsega Real Estate & Construction has partnered with Dusit International Hotels and Resorts and they are in the final stage of bringing a Dusit Thani resort to Ethiopia, with a 150 million dollar investment.

The agreement was signed three weeks…

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