MIDROC Strikes Deal with Marriott International

Nov 13 , 2021


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.


Radar

Dashen Bank Rolls Out Mobile Payment Solution

Dashen Bank has introduced a new digital payment service that allows customers to pay for fuel with ease using the Dashen Super mobile app. The service was officially launched on May 13 and is now available at every fuel stations. According to the bank, the Dashen Super app enables users to make payments in just three clicks, offering a fast and convenient alternative to traditional payment methods. Dashen Bank announced that it plans to expand the service across all fuel stations in the coun...


Radar

Four Key Agreements Passed in Parliaments 29th Regular Session

In its 29th regular session of the fourth year, Ethiopia's 6th Parliament approved four key agreements: two loan deals, the establishment of a finance corporation, and an air transport agreement. Assistant Minister of State for Finance, Meseret Haile, introduced the proposed loan agreements and requested they be sent directly to a second reading for discussion and approval. Parliament accepted the request and proceeded with a detailed discussion on the draft proclamations. Members of Parli...


Radar

New Pact Targets Rural Road Links, Food Security Goals

The Ministry of Urban Development and Infrastructure has signed an agreement with several federal institutions to launch a major project targeting rural connectivity and food security. At the signing ceremony, State Minister Yetmegeta Asrat represented the Ministry alongside officials from the Federal Ethics and Anti-Corruption Commission, the Federal Public Procurement and Property Authority, the Environmental Protection Authority, and Helvetas Ethiopia. A separate agreement was also signed...