Intercontinental Addis Rebrands Following Court Defeat

May 8 , 2021


After eight years of a legal dispute with the Intercontinental Hotels Group (IHG), Intercontinental Addis has finally given in and changed its brand name to Inter Luxury Hotel as of last week. The Intercontinental Hotels Corporation (IHG), which owns notable brands including Crowne Plaza, Holiday Inn, and Intercontinental Hotels and Resorts, first sued JH Simex and Simachew Kebede for copyright infringement and unlawful enrichment by way of copying one of their brand names. The Federal High Court ruled in favour of the defendants, denying the international group the right to be represented as a business without a license from the country’s authorised body, and closed the case. The Supreme Court, upon appeal, reversed the High Court’s ruling in February 2014 and sent the case back. In June 2019, the High Court gave a final verdict against JH Simex and ordered that the local firm, which has been operating for about 13 years, stop using the trade name "Intercontinental Addis." It also ordered the firm to pay 750,000 Br in royalty compensation to the US hospitality business operator.


Radar

Central Bank's Auction Sends Dollar Soaring to 135 Br

A dollar value against the Birr exceeds 135 during an auction the Central Bank held last week, offering 60 million dollars. Close to 27 banks made their bid where the weighted average was 135.61 Br for a dollar. The National Bank of Ethiopia (NBE) announced the results of the special foreign exchange auction, the second since monetary authorities floated the forex regime in early August last year. Last week's result reflects a weaker Birr than in the first when the average rate was 107.9 Br....


Radar

Ethio Telecom Bids to Dominate Ethiopia's Digital Future

An array of services from digital livestock tracking, push-to-talk/video communications to cloud-based banking, an education management system (EMS), and enterprise resource Planning (ERP) are available from the state-owned Ethio telecom. Ethio telecom has introduced seven new cloud-based digital services last week at the Skylight Hotel, on Africa Avenue (Bole Road), pledging to transform business operations, financial services, and education management. The company said that these solutions...


Radar

Addis International Convention Centre Inaugurates

The much-anticipated Addis International Convention Centre, spanning 40 hectares, was officially inaugurated last week. It is set to become the country's largest conference venue, designed to host both national and international events. The centre features two large halls, each accommodating 3,000 to 4,000 people. It also includes eight smaller meeting rooms, bringing its total capacity to 10,000 attendees. Two hotels, with a combined 1,000-bed capacity, will serve both local and internationa...