IFC Considers $80 Million Loan to Back MIDROC’s Sheraton Addis Expansion and New Hotel Project
Addis Ababa, Jan. 22, 2026 — The (IFC) is considering an $80 million A-loan to support the refurbishment of the landmark Sheraton Addis and...
Ethiopian Investment Holdings Drives $250 Million Flagship Hotel Push in Addis Ababa
Ethiopia is accelerating a shift toward active ownership of state assets, placing hospitality and luxury hotels at the center of a broader strategy to...
How Ethiopian Airlines Turned Air Congo Into a Domestic Power
In just 12 months, the Democratic Republic of the Congo’s aviation landscape has undergone a tectonic shift. Air Congo, the joint venture between the...
MIDROC Investment Group Acquires Historic Wabi Shebele Hotel, Plans Marriott Autograph Collection Renovation
Addis Ababa — MIDROC Investment Group has acquired the historic Wabi Shebele Hotel, marking a major investment in Ethiopia’s hospitality sector ahead of the...
17 New Levies: Ethiopia Broadens Disaster Fund Financing Across Banks, Telecoms, and Transport
Ethiopia has enacted a sweeping framework to finance its Disaster Risk Response Fund, drawing contributions from banks, insurers, telecom operators, transport services, fuel suppliers,...
Boeing and Ethiopian Airlines Announce Order for Nine 787 Dreamliners
Addis Ababa, Jan. 20, 2026 — Boeing and Ethiopian Airlines have announced a firm order for nine 787 Dreamliner aircraft, reinforcing the carrier’s long-haul...
