Huda Real Estate unveils 50 bln Birr project

Huda Real Estate unveils 50 bln Birr project

Huda Real Estate, a subsidiary company of MIDROC Investment Group, has unveiled a 50 billion Birr real estate development project in Addis Abeba in Mechare Meda near Sar Bet. The massive real estate development project includes the construction of Queens Supermarket, apartments, shopping mall, hotel, villas, and pedestrian ways, among others. The village dubbed “Mohammedia…

Africa for Africans event organizer urges promotion of AfCFTA

Africa for Africans event organizer urges promotion of AfCFTA

Organizer of the continental “Africa for Africans Event” which is slated to take place on October 21 to 23 said Tuesday that the event will create opportunities to stimulate talks on the African Continental Free Trade Area (AfCFTA). The event will be held at Friendship Park and Meskel Square. Daniel Tiruneh, Organizer of the event…

Commission plans to develop ten new tourism destinations in Oromia Region

Commission plans to develop ten new tourism destinations in Oromia Region

Ethiopia is a paradise for a tourist who loves history or dramatic landscapes: it has some of the best of both in the world. The nurturing Rift Valley is one of the cradles from which early humans spread from Africa into the rest of the world. Oromia region also have so many tourist attraction sites….

Haile Resort’s new five-star Hotel to be inaugurated in Addis Abeba

Haile Resort’s new five-star Hotel to be inaugurated in Addis Abeba

A five-star hotel, which was constructed by Haile Resorts and Hotels Group, around Lamberet area in Addis Abeba, is going to be inaugurated soon. The new hotel is the 8th branch for Haile Resorts and Hotels Group and it’s named “Haile Grand Hotel”.  Haile Resorts and Hotels is owned by  Haile Gebresilassie; an Olympic legend…

Agreements signed for construction of three road projects in Addis Abeba

Agreements signed for construction of three road projects in Addis Abeba

Addis Abeba City Administration signed three agreements to launch the construction of road projects worth 3 billion Birr on Monday with three contractors. China Civil Engineering Construction Corporation (CCECC), Yirgalem Construction PLC, and Brgi Construction PLC signed the agreements with Moges Tibebu, Head of Addis Abeba City Roads Authority. The first road, which is going…

Agreement signed for 7.7 bln Birr SMEs industrial park construction

Agreement signed for 7.7 bln Birr SMEs industrial park construction

A 7.7 billion Birr agreement has been signed on Tuesday to launch the construction of Small and Medium Enterprises (SMEs) industrial park at Akaki-Kality Sub-City. The agreement has been signed between Engineer Debo Tunka, Head of Mega Projects Construction Office under the city administration and Engineer Jagama Keneni, Representative of MCGTN Construction Contractors at the…

Commission aims to attract 1 million tourists in five years

Commission aims to attract 1 million tourists in five years

Oromia Tourism Commission (OTC) has unveiled its plan to attract 1 million international tourists in the upcoming five years. “We planned to attract 1 million international tourists to destinations in Oromia under normal circumstances such as if the Covid-19 pandemic ceases to exist, prevalence of security improves in Ethiopia, and other international conditions improved,” Nega…

Gov’t invites investors to buy eight sugar factories

Gov’t invites investors to buy eight sugar factories

Government has invited buyers to submit their expression of interests to privatize eight state-owned sugar factories. In a bid to transform the sector, the government of Ethiopia has invited both international and domestic investors to participate in the tendering of 8 state-owned sugar enterprises — Omo Kuraz 1, Omo Kuraz 2, Omo Kuraz 3, Omo…