Tulip Inn Hotel Opens Doors

Oct 12 , 2019


[ssba-buttons]

The former Water Gate and Water Fall hotel has re-opened as Tulip Inn Hotel after 10 months of renovation and refurbishment. The renovations cost nearly half a billion Birr, of which 85 million Br was used for refurbishment, according to Kumneger Teketel, managing director of Ozzie Business & Hospitality Management Group. The three-star international brand hotel has 109 bedrooms, restaurants, a bar and meeting rooms with 124 permanent employers. Tulip Inn is one of the subsidiary hotels under Louvre Hotels Group with a portfolio that includes more than 2,600 hotels in 54 countries. The new hotel is owned by Mulualem Alene, founder of MSA Oil Seeds & Cereals. It will be managed by Elizabeth Ayele, who has 20 years of experience in international hotel chains. The official grand opening of the hotel is scheduled to take place in December 2019.


Radar

Construction Sector Faces 'Serious Trouble,' Minister Warns

The construction industry in Ethiopia is in "serious trouble," said Chaltu Sani, Minister of Urban & Infrastructure Development, citing major challenges with finance, competitiveness and material costs. Speaking at the opening of the BIG 5 Construct Ethiopia expo and the inaugural East African Infrastructure & Water Expo at Millennium Hall last week, Chaltu stressed the need for concerted efforts from government, private sector, and international partners to support the 67 billion dol...


Radar

Wegagen Bank, Gift Real Estate Partner to Promote Diaspora Homeownership

Wegagen Bank S.C. and Gift Real Estate Plc. signed a Memorandum of Understanding (MoU) on June 23, to offer housing loans for homebuyers, with a special focus on the Ethiopian diaspora. The agreement enables eligible diaspora members to access loans covering up to 80pc of a home's value at reasonable interest rates. The bank's Deputy CEO Kidane Gebreselassie noted the deal will promote the real estate sector and expand homeownership options. Founder and CEO of Gift Real Estate, Gebreyesus Igata...


Radar

Jimma University Signs Sports Science Agreement to Strengthen National Programmes

Jimma University has signed a four-party Memorandum of Understanding (MoU) with the Ethiopian Academy of Sciences, Derartu Tulu Sports Training & Research Institute, and the Oromia Youth & Sport Bureau to advance Ethiopia's sports science and training capacity. Signed on June 26, the agreement includes joint research, shared facilities, and hosting of national and international competitions. It is expected to strengthen youth development, public health, and national pride through coor...