Ethiopia: NMC Real Estate Begins Construction of 600 Houses
NMC Real Estate, a relatively new player in the housing development industry in Ethiopia, has started a construction project to build 600 houses.
Ethiopia: No Hotels Achieve 5-Star Rating in Latest Evaluations
The Ministry of Tourism recently announced the results of hotel evaluations. Accordingly, none of the 64 establishments assessed achieved the coveted 5-star rating. This follows a similar trend in 2022 and 2023, where evaluations of the same number of hotels yielded no 5-star designations.
Ethiopia: No Offer for Industrial Park Sheds
Tender floated for Hawassa Industrial Park factory shed failed to attract any offer after only 9 companies bought the bid documents. Following this, Ethiopian Industrial Parks Development Corporation (IPDC) announced it would float the tender again which in the first place was only for local investors.
Ethiopia: Noah to Inaugurate Best Western Hotel Soon
Naoh Real Estate disclosed it will inaugurate Best Western Hotel in 6 weeks time. The hotel was built after Great Abyssinia PLC, Mother Company of Noah, signed agreements with Best Western International Inn back in 2014 for the construction of 2 hotels in Ethiopia.
Ethiopia: NOC Contracted Procurement Agreement with City Roads Authority
National Oil Ethiopia PLC (NOC) contracted a procurement agreement with Addis Ababa City Roads Authority (AACRA) worth Birr 120 million on May 15, 2015, Addis Fortune reported.
