FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds



Haile Hospitality Expands with New Jimma Resort


Haile Hospitality Expands with New Jimma Resort

Haile Resort Jimma, the tenth destination in the 15-year-old Haile Hospitality Group, was inaugurated last week at a cost of 1.7 billion Br, with financing sourced internally. Located 350km southwest of Addis Abeba in Jimma, in Oromia Regional State, the hotel spans 16,000sqm with a total built-up area of 15,300sqm. The resort boasts 105 rooms, two villas, five conference halls, and four restaurants, as well as other recreational facilities. The construction of the hotel took one and a half years. Gadisa Girma, the managing director of Haile Hospitality Group, stated that the southwest area of Ethiopia lacks developed hotel infrastructure. “We do not expect to experience a shortage of customers.” He anticipates a diverse customer base, including coffee traders, tourists, as well as business-leisure travellers. The Haile Hospitality Group has more than 2,500 employees, and the Jimma branch currently employs 210 people. Gadisa disclosed that its Hawassa, Arba Minch, and Adama hotels have strong performance especially during holiday seasons and school winter break. All branches have an occupancy rate of more than 60pc. This year, Gadisa expects the reopening of the Shashemene branch, severely damaged in June 2020 during a period of unrest and violence, as well as the launching of the Debre Berhan branch, both of which are at 90pc completion

[ssba-buttons]

Radar

Liquidity Relief, Reform Pressure Meet as World Bank Prepares Major Budget Support

The World Bank is set to approve a 1.45 billion dollar budget support package for the Ethiopian government on June 25, 2026. The announcement came alongside a high-level consultation at the Ethiopian Skylight Hotel, where leaders from the Ethiopian Chambers of Commerce and Sectoral Associations (ECCSA) met with private sector representatives and the National Council. The package follows an earlier 17 billion dollar credit and summer service support allocation. The institution has anchored key...


Radar

Cabinet Approves 502b Birr Budget as City Returns to Federal Subsidy

The Addis Abeba City Cabinet has approved a 502 billion Br budget for the 2026/27 fiscal year, a fiscal plan that marks a return to federal subsidies despite previous claims of municipal self-sufficiency. The budget, now awaiting final ratification by the City Council, incorporates a federal subsidy of more than 74 million Br. This policy reversal follows the 2025/26 mid-year salary revisions for civil servants, implemented to buffer the inflationary impact of the floating Birr on the cost of...


Radar

Global Analytics Meets Local Insight as WAAS Partners With Kantar in Ethiopia Expansion

WAAS International Plc has partnered with global analytics firm Kantar on June 12, 2026, to introduce predictive analytics and consumer tracking tools into the country's corporate market. The collaboration blends Kantar's global methodologies with WAAS's 35-year local data archive to support business leaders operating in a liberalising economy. WAAS Managing Director Efera Busa said the partnership connects global expertise with local context, delivering standardised metrics without losing cu...