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[Dec 2017] Simachew Kebede Latest Ethiopian News | 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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Court dismisses Intercontinental Hotels Corporation's case against Intercontinental Addis Ababa Hotel

The order of the Supreme Court’s Cassation Bench has forced the Lideta Federal High Court to suspend its nearly closed trial of Intercontinental Hotels Corporation, filed against G.H Tsemex Plc and Semachew Kebede, general manager of Intercontinental Addis Ababa Hotel, over unlawful use of trade name.

The lawsuit arose on March 29, 2013, as Intercontinental Hotels Corporation brought a claim against both Tsemex and Semachew Kebede for attaining unlawful enrichment using a trade name, which was exclusively registered by the

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More prominent businessmen arrested on corruption charges

ketema kebede simachew netsa trading melaku fentaGebreselassie Hailemariam, a.k.a Aleqa Gebreselassie – owner of the COMET Building in the Hayahulet Mazoria area in Bole District, and father of Yemane Gebreselassie, who owns the new Capital Hotel & Spa on Haile Gebreselassie Avenue- was arrested three weeks ago, in connection with the current high profile

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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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