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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…

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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…

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Belayab Enterprise to Start Vehicle Assembly

Belayab Enterprise to Start Vehicle Assembly

A 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…

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