Skip to main content
x

Hospitality, tourism sectors land 3.3 bln bailout fund

In the midst of cascading events the novel coronavirus pandemic has unleashed, the hospitality and tourism sectors, one of the hardest hit sectors, has been granted a 3.3 billion birr short term financing bailout to aid in working capital shortages and salaries.

Hotels in Addis close amid Coronavirus Pandemic

Following the spread of  COVID -19 and the subsequent travel restrictions impacting the international travel-tour industry,  88 percent of hotels in Addis Ababa have decided to partially or fully close their doors due to low occupancy rates, according to Addis Ababa Hotel Owners’ Association (AHA).

Local firm receives award for promoting hotel brands

The Global Brands Magazine (GBM), a UK-based publicationdevoted to news and opinions on brands that are shaping the future of their industry,has recognized Calibra Consultancy and Business PLC for its efforts in promotinghotel investment and branding in theEthiopian hospitality sector.

Qatari hospitality giant to invest Euro 500 mil in Africa

The Qatari hospitality giant, Katara Hospitality, is said to be conducting its due diligence to invest Euro500 million in the African hospitality market, targetinga chain of hotels and convention centers to be built across the continent, The Reporter.