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$80M IFC Investment to Fund Sheraton Addis Revamp and Launch Ethiopia’s First Green-Certified Hotels | Collector
$80M IFC Investment to Fund Sheraton Addis Revamp and Launch Ethiopia’s First Green-Certified Hotels

$80M IFC Investment to Fund Sheraton Addis Revamp and Launch Ethiopia’s First Green-Certified Hotels

The International Finance Corporation (IFC) has announced a landmark partnership with MIDROC Ethiopia PLC (MEP) to invest $80 million in the country’s premium hospitality (guest reception) sector. It was indicated that the project, backed by a long-term loan from the IFC, aims to expand upscale hotel capacity, bolster the national tourism ecosystem, and drive high, […]

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