MIDROC Secures $80 Mln IFC Loan for Sheraton Addis Upgrade, New Luxury Hotel
MIDROC Investment Group has secured 80 million US dollars from the International Finance Corporation (IFC) to refurbish Sheraton Addis and build a new luxury hotel in the capital, as Ethiopia’s largest private conglomerate doubles down on high-end hospitality at a time of sweeping economic reform. The agreement, signed in Nairobi by MIDROC chief executive...