The bid tendered by the Ethiopian Privatization and Public Enterprises Supervising Agency for Ghion Hotel is expected to attract many investors.
The bid for Ghion will open on August 9th 2012 according to Wendafrash Assefa, Head of Public Relations with the EPPESA.
The auction to privatize the hotel has attracted several investors and more are expected until the final day of the bid said Wendafrash.
Ghion Hotel, Ethiopia is up for sale after a bid to attract joint venture investors issued by the Privatization and Public Enterprises Supervisory Agency failed to attract interest.
PPESA will also be revising the estimated minimum price set for the hotel according to Wendafrash Assefa, Head of Public Relations with the agency.
The Ghion hotel has been up for joint investment with the government for some years but the deals that have been arranged failed a couple of times.
Gilgel Gibe III, one of Ethiopia’s grand hydroelectric power generation projects, had started power generation on October 10, 2015, according to Fana Broadcasting Corporate (FBC).
The first ever GITEX Africa opens its doors in Marrakesh, Morocco on 31 May and will run until June 2nd, 2023. As Africa's largest trade fair for technology and start-ups, GITEX Africa's mission is to strengthen digital transformation cooperation and partnerships across the continent, shaping the vision for a more connected, inclusive and sustainable digital economy. As one of the key players at this event, Huawei, a Platinum Sponsor, is reaffirming its commitment to unleashing the potential of digital technology to guide Africa towards new and ever more promising horizons.
Global Bank Ethiopia announced that its paid-up capital has reached Birr 5 billion during the 2024/25 fiscal year. The Bank noted that its paid-up capital in the 2023/24 fiscal year was Birr 2.4 billion, reflecting a growth of more than 100 percent within one year.
