To increase number of hotels to 20 in five years
Haile Gebreselassie, renowned athlete turned businessman, is building a four-star resort hotel in Arba Minch town, Southern Regional State at a cost of 250 million birr.
Following approval a fortnight ago by the board of directors of the European Investment Bank (EIB), it would soon sign an equity investment fund agreement amounting to USD 10 million with Cepheus Growth Capital Fund. The investment is expected to assist private equity investment by Cepheus.
Ethio-Telecom and ZTE, the Ethiopian arm of the Chinese state-owned enterprise have been shortlisted for the European Broadband award. The award handed by the European Commission is meant to recognize broadband infrastructures around the world.
Meta Abo Brewery, makers of the Meta beer, the second oldest beer in the country, is celebrating its 50th anniversary this year. In a yearlong celebration, the company is aiming to make a comeback to its once number one beer in the country.