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MIDROC Strikes Deal with Marriott International

Nov 13 , 2021

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MIDROC Ethiopia and Marriott International have signed an agreement to place the management of a hotel in the compound of the African Union headquarters under the latter's Westin Hotels & Resorts brand. MIDROC, under the ownership of business tycoon Mohammed Hussein Al-Amoudi, began construction of the hotel in 2012, and has been negotiating with Marriott to take over management since. The two finalised the deal during a signing ceremony last week attended by Jemal Ahmed, CEO of MIDROC Investment Group, and Yasin Munshi, director of East African lodging development for Marriott International. Westin Hotels & Resorts is a hotel chain owned by Marriot International.

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Fresh Push to Help Farmers Get Covered & Cash In

The Ministry of Agriculture has established the Rural Finance Service Unit (RFSU) to coordinate and expand agricultural insurance nationwide. Announced on Tuesday at the 2025 UNDP Financial Resilience in Agriculture Community of Practice forum (held at the UN Economic Commission for Africa headquarters), the RFSU is supported by UNDP, JICA, and other partners with funding from the Bill & Melinda Gates Foundation. Agriculture Minister Girma Amente (PhD) and State Minister Sofia Kassa attended...

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Mission 300 Gains Momentum as Ethiopia Charts Path to Energy Equity

The Government has developed a National Energy Compact with the goal of achieving universal electricity access by 2030. The strategy, led by the Ministry of Water & Energy (MoWE), outlines Ethiopia's commitment to reaching 100pc energy access for its population within the next five years. According to State Minister for Energy Development Sector Sultan Woli, the compact was prepared in collaboration with key development partners, including the World Bank Group and the African Development...

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Rammis Bank Commences Mobile Application, Card Banking Services

Rammis Bank has launched its mobile banking application and card services as part of its digital expansion drive. The "Rammis Mobile App" was officially introduced during a launch event held on Saturday at the Grand Eliana Hotel. The app allows users to transfer funds at any time, pay bills, top up mobile airtime, and send money to telebirr wallets for themselves or others. The newly introduced card service enables customers to withdraw cash from any ATM and make payments via Point of Sale (P...

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