wabi_shebele_hotel_Prince Beide Mariam Makonnen

Wabe Shebelle Hotel returned to Emperor Haile Selassie grandchildren

EthiopianReporter:By Tamiru Tsigie | The Wabe Shebelle Hotel, nationalized by the Derg regime in 1975, was returned to its rightful owners last Tuesday. The hotel was returned to Beedemariam Makonnen, Wondwossen Makonnen,... Read more »

Ghion Hotel deal terminated

By Muluken Yewondwossen The Privatization and Public Enterprises Supervising Authority (PPESA) has terminated the 512 million dollar deal with Aklile Berhan Mekonnen (Prince), who had entered a contract to take over the... Read more »

Emperor HaileSelassie Family Pays 25 Million Br. to Get Wabe Shebelle Hotel

Family uses hotel as collateral to obtain bank loan to get hotel back from government The grandchildren of Emperor Haileselassie paid 25 million Br, which they secured from Dashen Bank, required for... Read more »

Ethiopian Investor Buys Ghion Hotel

USD 510 mln to be spent for construction of two new hotels By Meirafe Berhane The Privatization and Public Enterprises Supervising Agency (PPESA) reached a decision for a joint ownership of the... Read more »