PORTFOLIO

Aviation Industry 

The avaition industry, including airlines and its affiliated businesses, are estimated to support US $1.54 billion of GDP in Ethiopia. The aviation industry in Ethiopia is forecasted to grow by 226% in the next 20 years. This would result in an additional 16.3 million passenger journeys by 2037. 1 

Company description 

Ethiopian Airlines Group (EAL) was founded on 21 December 1945 and commenced operations on 8 April 1946. EAL is the flag carrier of Ethiopia. During the past 70+ years, Ethiopian Airlines Group has become the continent’s leading carrier, unrivalled in Africa for efficiency and operational success, turning profits for almost all the years of its existence. EAL currently serves 127 international and 22 domestic destinations and has been a Star Alliance member since December 2011. 

Overview of business units 

Ethiopian Airlines Group (EAL) leverages multiple business models to provide complete services to customers. EAL has the following seven business units: 

• Passenger 

• Cargo 

• MRO 

• Aviation academy 

• Catering 

• Airports administration 

• Skylight hotels 

1 The importance of air transport to Ethiopia, IATA 2019 

Financial services industry 

There are seventeen commercial banks operating in Ethiopia and several new bank licences have been issued over the last years. The Commercial Bank of Ethiopia is the largest and oldest commercial bank, competing with the sixteen other private banks. 

The sector is regulated by the National Bank of Ethiopia. 

Company description 

CBE has been in existence for 80 years. It is the largest financial institution in the country in terms of assets, deposits and branch network. CBE has over 35 million customers and 24 thousand partners. In addition to its expansive branch network, CBE is leading the digitization of payments through CBE Birr, facilitating Ethiopia’s much-needed transition to cashless, transparent economy. 

Overview of business units 

The Commercial Bank of Ethiopia has 3 subsidiaries : 

• Commercial Nominees 

• CBE-South Sudan 

• CBE-Djibouti 

Telecommunications industry 

Ethio telecom is the pioneer telecom services provider in Ethiopia since its introduction of services in the early 1900s and the sole provider until 2020. In 2021 a new license was granted to Safaricom Telecommunications Ethiopia. 2 

Company description 

Ethio telecom’s mission is to provide quality and accessible telecom service while contributing to national development. Ethio telecom offers both 4G and and LTE services and is actively expanding its coverage. Ethio telecom has 44.5 million mobile phone subscribers and more than 23 million internet subscribers including broadband (2020). 

2 Business Daily Africa, “Safaricom consortium wins Ethiopia licence bid on Sh91.8bn offer” 

Logistics industry 

As a landlocked country, Ethiopia uses Djibouti port as its main gateway for international trade. Rapid economic growth for over a decade coupled with growth of Ethiopian cities has increased demand for freight. ESLSE is a pioneer and leader of logistics services in and with Ethiopia. Private sector involvement is growing in freight and forwarding. 

Company description 

The Ethiopian Shipping and Logistics Service Enterprise (ESLSE) was formed through the merger of four enterprises which were working independently in the sea transport sector. These were Ethiopian Shipping Lines Share Company, Ethiopian Maritime and Transit Service Enterprise, Dry Port Enterprise; and the former Comet Transport Share Company which was consolidated into the new company in August, 2016. 

ESLSE provides shipping, logistics (freight forwarding etc.), transport, dry port operations and management and other related services. 

ESLSE has a multitude of vessels, heavy duty trucks, sea and dry port facilities, chicaneries and more that enable it to render efficient sea and land transport services as well as sea and dry port services. Currently ESLSE has 11 vessels overall, of which two are oil tankers leased to other shipping companies and 9 are general purpose cargo vessels. Its vessels travel to 327 seaports throughout the world. 

Overview of business units 

ESLSE has four major business units: 

• Shipping 

• Freight forwarding 

• Trucking 

• Ports and terminals 

Energy industry 

In Ethiopia, the energy sector has historically been a monopoly managed by a single entity - Ethiopian Electric Power Corporation. In 2013, the Ethiopian Electric Power Corporation was unbundled into Ethiopian Electric Power (EEP), responsible for the upstream functions of generation and transmission, and the Ethiopian Electric Utility (EEU), responsible for power distribution, sales, and customer service. It is estimated that only 44% of the population have access to electricity. Moreover, almost all of the country’s energy comes from renewable sources, mainly hydroelectricity. 3 Given this, the industry offers opportunities to expand energy coverage including via renewable off-grid solutions such as mini-grids or solar homes. 

Company description 

Ethiopian Electric Utility covers 11 regions, 28 districts and electrifies more than 7,800 towns and villages. Ethiopian Electric Utility delivers critical support to distribution networks, transmission lines and electricity generation facilities from maintenance and management to expansions and upgrades. 

Overview of business units 

EEU is organized as 3 business units: 

• Distribution system 

• Automation, tech & energy management 

• Regional units (11 regions) 

3 https://www.usaid.gov/sites/default/files/documents/1865/Engendering-Utilities_EEU-Ethiopia.pdf 

Sugar industry 

Ethiopia’s nearly 120 million people consume about 700 thousand tons of sugar annually. The country’s climate and large swaths of irrigable land provide an ideal environment for sugar cane cultivation. 4 

Company description 

The Ethiopian Sugar Industry Group (ESIG) is engaged in cultivation of sugar cane, refinery into sugar and by-products mainly ethanol, molasses, electricity. ESIG aspires to meet local demand and become a notable exporter for household and industrial sugar consumers.

Overview of business units 

ESIG produces sugar and sugar by-products across its 13 plants. These plants are at various stages of development: 

• Operational: Metehara, Wenji, Fincha, Omo Kuraz 2 and 3 

• Trial: Tana Beles 1, Kessem, Arjo Dedesa, Tendaho 

• Projects: Tana Beles 2, Omo Kuras 1 and 5, Welkayit 

4 Ethiopian Sugar Corporation’s website 

Insurance industry 

As a key enabler of investment, insurance services are expected to grow and modernize along with the rest of financial services industry. The majority of the insurance market is focused on corporate customers with fewer products geared toward individuals. As such, there is significant opportunity to expand the volume of products offered to individuals including microinsurance offerings for lower income households. 5 

Currently, Ethiopian Insurance Corporation is the leading player in the insurance industry. 

Company description 

Ethiopian Insurance Corporation (EIC) has over 45 years of experience. Its formation was driven by the consolidation of thirteen nationalized private insurance companies. EIC engages in all classes of insurance, providing over 30 types of non-life insurance policies and over 15 types of life insurance policies. 6 

Overview of business units 

Ethiopian Insurance Corporation has 61 distribution channels throughout the country. 

5 Cenfri.org, “Opportunities and challenges for microinsurance in Ethiopia” 

6 Ethiopian Insurance Corporation website 

Construction and real estate industry 

The construction and real estate sector is one of the largest and fastest growing industries in Ethiopia. The industry offers opportunities across the board from residential developments to commercial developments in urban areas to growing local construction capacity. As the economy continues to grow, construction and real estate will play a critical role in unlocking investment opportunities across industries. 

Company description 

The Ethiopian Construction Works Corporation (ECWC) was established through the amalgamation of two enterprises: the Ethiopian Road Construction Corporation and the Ethiopian Water Works Construction Enterprise. ECWC engages in both domestic and overseas construction works and has experience across a range of projects from gravel and asphalt roads to airstrips to dam and irrigation projects. 7 

Overview of business units 

The Ethiopian Construction Works Corporation has 4 business units: 

• Water Infrastructure Construction 

• Transport Infrastructure Construction 

• Building Infrastructure Construction 

• Irrigation-Dams-Deep Water wells 

7 https://ethiopiaconstruction.net/business/company/ethiopian-construction-works-corporation/ 

Trading industry 

The volume and value of commodities and goods traded in and by Ethiopia is expected grow in line with economic growth. Achieving the full benefit of this growth demands a modern and efficient trading system with robust technological and infrastructure capabilities. 

Company description 

Ethiopia Trading and Business Corporation was established from the consolidation of four businesses: Ethiopian Grain Trade, Enterprise, Ethiopian Fruit and Vegetable Sh.co, Ethiopian Trading Enterprise (Alle) and Procurement Service Enterprise. The corporation provides services including the purchase of agricultural and industrial products (from local and foreign markets), sale of products (in domestic and foreign markets), procurement services, support services to motivate farmers, and more. 

Overview of business units 

The Ethiopian Trading and Business Corporation has 4 business units: 

• Grain and Coffee Business Unit 

• Consumer Products Business Unit 

• Fruit and Vegetable Business Unit 

• Procurement and Consultancy Business Unit 

Agriculture industry 

Agriculture is dubbed as “the backbone of Ethiopia’s economy” thanks to its leading position as an employer and contributor of consumed and exported goods. It is expected to grow at 6.2 percent per annum over the next ten years8. In addition, there is significant opportunity for additional growth via enhancing existing agricultural production and productivity as well as developing unutilized arable land and expanding the use of modern, technology driven systems. 

Company description 

The Ethiopian Agricultural Business Corporation (EABC) was formed through the merger of five enterprises: Ethiopian Seed Enterprise, Agricultural Inputs Supply Enterprise, Agricultural Equipment and Technical Services Share Company, Agricultural Mechanization Service Enterprise, and Natural Gum Processing and Marketing Enterprises. Currently, the corporation has 24 branches and stations across the country. EABC’s products include fertilizer, improved seeds, forest products, agricultural equipment and spare parts and agricultural mechanization services. 

Overview of business units 

The Ethiopian Agricultural and Business Corporation has 4 business units: 

• Certified Seeds and Forestry Products Supply 

• Agricultural Inputs 

• Agricultural Tools and Mechanization 

• Vehicle Administration and Maintenance 

8 https://www.trade.gov/country-commercial-guides/ethiopia-agricultural-sector 

Chemical Industry 

Due to significant demand for industry inputs, high import costs and large local resource and energy base, the chemical industry faces vast potential and pressure for expansion including for new product groups. 

Company description 

70% of CIC’s revenue derives from cement, the remainder from pesticides, caustic soda, sulphuric acid and other products. CIC started the development of new projects for fertilizer and rubber, building on the large agricultural base of the country. 

Overview of business units 

CIC has 5 business units producing various basic and consumer chemical products: 

• Mugher Cement Factory produces ordinary Portland (OPC) & Portland Pozzolana (PPC) cement. 

• Adami Tulu Pesticide Processing Factory produces liquid, dust, and water-dispersible powder pesticides. 

• Awash Melkassa Chemical Factory is engaged in the production of aluminum sulfate, sulfuric acid & hydrogen peroxide. 

• Batu Caustic Soda produces 5 main products (caustic Soda, quick lime, hydrated lime, magnesium oxide, and sodium hypochlorite) and 2 by-products (crushed & screened limestone and precipitated calcium carbonate). 

• Gomma rubber tree development project is in the process of starting operation. 

Construction and real estate industry 

The construction and real estate sector is one of the largest and fastest growing industries in Ethiopia. The industry offers opportunities across the board from residential developments to commercial developments in urban areas to growing local construction capacity. As the economy continues to grow, construction and real estate will play a critical role in unlocking investment opportunities across industries. 

Company description 

The Federal Housing Corporation administers over 18 thousand properties including residential and commercial rentals. FHC is active in surveying, renting out houses and undertaking necessary repairs and maintenance. It also manages two centers: a Laboratory and Training Center and a Geospatial and Civil Informatics Center. 

Gaming and lottery industry 

The need to provide a variety of healthy entertainment services is a growing need that is a natural outcome of economic growth and urbanization. This requires the presence of service providers (which include gaming and lottery) as well as regulators. As the government clarifies the important roles of business and regulation, the industry is positioned to pivot for a new era of growth. 

Company description 

The National Lottery Administration was established by Regulation No. 160/2001. It is mandated to increase revenue from the lottery by expanding the lottery game, involving the private sector, and legalizing gambling. According to the Proclamation, National Lottery Administration has dual objectives. The first objective is operating and administrating money lottery as well as regulating and controlling all activities that are related to lottery games and gambling. The second objective includes the power of issuing permits to other persons who carry out Tombolla and sport betting, suspend and cancel the permits for sufficient reasons, and collect charges for the permits issued. 

Overview of business units 

ENL provides the following major activities: 

• Collect revenue by publishing, distributing and selling local and foreign lotteries 

• Collect commission revenue in accordance with the law by giving licenses to gambling agencies 

• Control illegal gambling 

Petroleum industry 

Supply and distribution of fuel and other sources of energy is the lifeline of any economy, assuring the economic, social and political security of any nation. 

Currently, the oil demand of Ethiopia has reached 3.8 million metric tons per annum costing about 2.8 billion USD9. Developing the infrastructure and management capability of fuel delivery is a strategic objective for assuring the energy security of the country. 

Company description 

Ethiopian Petroleum Supply Enterprise (EPSE) is the sole importer and distributor of refined petroleum products for Ethiopia. EPSE has 104 storage tanks of various sizes in 13 strategic locations across the country with a total capacity of 400,600 liters10. 

Overview of business units 

EPSE is organized into a head office (focused on supply and sales, finance, petroleum storage operation, etc.) and a Djibouti branch office (to distribute the products to oil marketing companies). 

9 EPSE report 

10 EPSE report 

Spirits industry 

The spirits industry is set for growth following beer’s massive FDI-led growth. An estimated 25 million liters of commercially manufactured liquor products are sold in Ethiopia with a market value of $115 million. A variety of locally produced commercialized liquor is widely accessible and consumed mainly in cities and towns. Imported liquors are comparatively minuscule in volume with only 921,358 liters sold in 2017 but typically sold at a much higher margin. Ethiopia’s formal liquor market has to grow 3x to reach the levels of Kenyan formal liquor consumption. 

Company description 

NALF is by far Ethiopia’s largest liquor producer while also serving strategic export markets. The company has achieved over 58% market share. The company has two factories. 

 • Sebeta factory sits on ~ 18,000 sq.m of land 

• Mekanisa factory sits on ~16,000 sq.m of land 

About 90% of the production line at both sites are less than four years old. 

Overview of business units 

NALF produces three products: 

liquor, pure alcohol, and denatured alcohol. 

• Liquor: NALF produces and distributes 14 different liquor products (Baro’s Dry Gin, Ouzo, Double Ouzo, Fernit, Bitter, Aperetif, Cognac, Brandy, Coffee, Lemon, Pineapple, Orange, Pernod, Supermint). The production capacity of Liquor is 22 million liters per annum 

• Pure Alcohol: It is produced in the first step of the distillation process and has alcohol content of 96% (has a production capacity of 11 million per annum). 

• Denatured Alcohol: This is a by-product of the full distillation process and has an alcohol content of 90%-95% 

Construction and real estate industry 

The construction and real estate sector is one of the largest and fastest growing industries in Ethiopia. The industry offers opportunities across the board from residential to commercial developments in urban areas to growing local construction capacity. As the economy continues to grow, construction and real estate will play a critical role in unlocking investment opportunities across industries. 

Company description 

Ethiopian Construction Design and Supervision Works Corporation (ECDSWCo) is a multi-disciplinary engineering firm founded by amalgamation of three companies: Water Works Design and Supervision Enterprise (WWDSE), Construction Design Share Company (CDSCo) and Transport Construction Design Share Company (TCDSCo). The combined organization provides services in areas including water, energy, building & urban, transport, geotechnics and underground works. 

Overview of business units 

The Ethiopian Construction Design and Supervision Works Corporation has 6 business units: 

 • Water and Energy Sector 

• Transport Sector 

• Building and Urban Sector 

• Geo-technical Investigation, Geo-technical Engineering and Underground Construction Sector 

• Research, Laboratory and Training Center 

• Surveying, Geospatial and Civil Informatics Center 

Manufacturing 

The manufacturing sector in Ethiopia has been experiencing double-digit growth over the past decade, yet is only responsible for up to 5% of GDP11. Given Ethiopia’s rich natural resources, cost effective utilities and available labor force, the manufacturing sector has the potential to continue or even accelerate its growth path. Thanks to a young population with rapid increase in literacy and broader schooling rates, Ethiopians are ready and eager to access reading and learning materials. Therefore, the Government of Ethiopia considers its presence in this business of strategic importance. Beyond assuring universal access to high quality and affordable printed material, this industry stands to benefit from digitization of content. 

Company description 

Education Materials Production and Distribution Enterprise (EMPDE) was established in 1967. EMPDE provides a range of services including printing, duplication services, chalk production, vehicle maintenance, wood and metal works, educational material production and more. The company plans to add advanced machines and expand into new market segments such as paper conversion, electronics and plastic manufacturing. 

Printing industry 

The printing industry encompasses both securities printing and commercial printing. The printing industry is expected to continue to grow as other consumer industries that leverage printed products grow (e.g., packaging industry). The industry currently relies heavily on imported raw materials indicating an opportunity for growth in local raw materials production. 

Company description 

Berhanena Selam Printing Enterprise (BSPE) has been playing a leading role in the printing industry in Ethiopia for approximately 100 years, offering both commercial printing and securities printing12. Berhanena Selam Printing Enterprise (BSPE) is the only enterprise specializing in official government security printing. 

Overview of business units 

Berhanena Selam has the three business units: 

• Security Printing: Includes printing of checks, lottery and exams 

• Regular Printing: Includes printing of newsletters, books and others 

• Training: Provides training on areas of printing technology and graphic arts at a diploma level and for short term certificate programs 12 BSPE website: 

https://ethbspe.org/en_US/about-us/background/ 

Tourism industry 

Ethiopia is endowed with a unique landscape that includes paleontological, archaeological, historical, and living cultural tourism attractions. The country boasts 9 UNESCO World Heritage Sites13. International tourism in Ethiopia accounts for ~2% of total imports and has the potential to grow. 14 

Company description 

Ethiopia Tourist and Trading Enterprise (ETTE) engages in duty free service and sells duty paid product for local customers. The company has plans to expand the overall business via a handicraft and souvenir production centre of excellence as well as the development of a duty free complex around Addis Ababa Airport. ETTE currently has 25 branches (10 duty free sales shops, 10 gift articles shops, and 5 duty paid sales shops) located in various parts of the Addis Ababa City. 

Overview of business units 

The Ethiopian Tourist and Trading Enterprise currently offers 3 types of trading services: 

• Trading of various duty-free products through its duty free merchandize trade to tourists and diplomatic community members 

• Duty paid merchandize trade 

• Production of handicraft and souvenir items that it sells across its outlets and shops 

13 https://whc.unesco.org/en/statesparties/et 

14 Worldbank.org 

Toll roads in Ethiopia 

Ethiopia’s fast growing economy and expanding road network have created demand for expressways that alleviate traffic on key routes. Traffic on roads radiating from Addis Ababa has grown at an average annual rate of 9.5 percent, with heavy truck traffic increasing by 11.6 percent annually15. In response, a number of toll roads have been constructed including: 

• Addis Ababa–Adama Expressway: a toll road that connects Addis Ababa to Adama and the first expressway in Ethiopia. An extension of the toll road from Modjo to Awassa is under construction. 

• Diredawa-Dewele: a 220 kilometre road and the second toll road in Ethiopia which connects Ethiopia with Djibouti, along the existing road from Dewele to Djibouti. 

Company description 

Ethiopian Toll Roads Enterprise (ETRE) manages federal toll roads and has been providing toll road services 24/7 since September 2011. 

The Ethiopian Toll Roads Enterprise operates the two expressways in Ethiopia so far, Addis Ababa - Adama (Modjo to Awassa partially operational) and Dire Dawa – Dawalle. 

ETRE was established with the following objectives: 

• Providing toll road services to road users 

• Managing and maintaining toll roads 

• Managing service stations in the toll road area 

• Performing other related activities to help achieve the goal 

Overview of business units 

ETRE has a single business unit with the basic functions of toll road operations and toll road maintenance and management. 

15 Ethiopia- Expressway Development Support Project (P148850): The World Bank; public disclosure copy 2015 

Hospitality industry

The hospitality industry has been steadily growing as the number of brand name hotels in Addis Ababa and other large regional cities increases. There is significant opportunity for synergiesbetween the hospitality industry and the tourism industry. Attracting international hotels is oneof the key ways Ethiopia can bolster both the tourism and hospitality sector. Similarly, there are opportunities for hotels and tourism providers to develop integrated offerings. 16

Company description

The Development & Hotels Company owns the property currently occupied by the Hilton Addis Ababa. Hilton Addis Ababa is a 4 Star hotel located at the center of Addis Ababa. The hotel provides services including accommodation (360 rooms), food & drink, gym, spa, conference facilities and more.

16 https://allafrica.com/stories/202106010329.html

Hospitality industry 

Ethiopia’s natural landscape offers an unparalleled array of experiences from high-lands to low-lands, from high-end to budget-tourism. One unique experience is around the hot-springs in Addis Ababa, which inspired the founding of the city. Such offerings are fertile ground for investment to upgrade quality and expand types of services for a variety of visitors. 

Company description 

Spa Service Enterprise owns and manages various natural hot-spring and related facilities in Addis Ababa and Langano. Its Addis Ababa facility provides wellness spa (shower, steam and sauna, physiotherapy) and hotel services (Finfinnee Hotel and New Filwuha Hotel). Its Langano facility provides resort hotel accommodation and other packages (sunbathing, bird watching, etc.). 

Paper and pulp industry 

There is a sizeable unmet demand in the paper and pulp industry of Ethiopia. Production of pulp is almost non-existent in Ethiopia, in spite of the potential market. In 2016, Ethiopia imported approximately 170 million USD worth of paper and paperboard, equivalent to over 70,000 tons of paper. Current annual demand is estimated at over 1.5 million tons per year indicating significant opportunity for growth in production of paper and pulp. 17 

Company description 

Ethiopian Pulp & Paper SC (EPPSC) was established in 1995 (e.c.). EPPSC is primarily engaged in the production of paper and carton boxes. The company currently holds a 6.9% and 4.1% market share of the paper and carton box industries. 

Overview of business units 

Ethiopian Pulp & Paper SC has two business units producing paper and carton boxes: 

• Paper (includes production of writing and printing paper, wrapping paper, board paper and carton box raw materials) 

• Carton Boxes 

17 2019 Ethiopian Investment Commission study, UNCTADSTAT Merchandise Trade Matrix, 1995 - 2015

Hospitality industry 

The hospitality industry has been steadily growing as the number of brand name hotels in Addis Ababa and other large regional cities increases. There is significant opportunity for synergies between the hospitality industry and the tourism industry. Attracting international hotels is one of the key ways Ethiopia can bolster both the tourism and hospitality sector. Similarly, there are opportunities for hotels and tourism providers to develop integrated offerings.18 

Company description 

Ghion is a 4 Star hotel located at the center of Addis Ababa engaged primarily in providing hospitality services. Services include accommodation (190 rooms), food & drinks, gym, spa, and swimming. Ghion is located on land with a size of over 123 thousand square meters. 

Tourism industry 

Ethiopia is endowed with a unique landscape that includes paleontological, archaeological, historical, and living cultural tourism attractions. The country boasts 9 UNESCO World Heritage Sites13. International tourism in Ethiopia accounts for ~2% of total imports and has the potential to grow. 14 

Company description 

Ethiopia Tourist and Trading Enterprise (ETTE) engages in duty free service and sells duty paid product for local customers. The company has plans to expand the overall business via a handicraft and souvenir production centre of excellence as well as the development of a duty free complex around Addis Ababa Airport. ETTE currently has 25 branches (10 duty free sales shops, 10 gift articles shops, and 5 duty paid sales shops) located in various parts of the Addis Ababa City. 

18 https://allafrica.com/stories/202106010329.html 

Mining industry 

Ethiopia is endowed with a suitable geological setting to host a significant variety of metallic, energy and construction minerals, including over 45 varieties of precious and semi-precious gemstones. While growing, the mining industry in Ethiopia has only tapped into a small portion of the full potential. There is both domestic demand for mining via raw material substitutes as well as international demand for mineral exports. 

Company description 

Ethiopia Minerals Petroleum and Bio-Fuel Corporation (EMPBC) has over 80 years’ industry experience in mineral exploration development and processing of strategic mineral commodities. It also engages in geo-science mapping, drilling, laboratory analysis, gemstones cutting and polishing services. EMPBC has pioneered a number of Ethiopian industry advances the first mechanized gold mining to discovering major mining belts across the country. It been among the top producers of Tantalum worldwide and covers about 10% market share globally. 

Overview of business units 

EMPBC is organized into 4 business units: Mining, Oil and Gas, Biofuel and Consulting Services 

EMPBC’s products explored and developed over the years include: 

Gold, Tantalum, Lithium, Platinum, Coper, Soda ash, Gemstone, Kaolin, Feldspar, Bentonite, Dolomite, Diatomite, Quartz, Salt, and Oil and Gas. 

Construction and real estate industry 

Ethiopia has a diverse portfolio of land with multiple agro-ecologies and industrial activities. Given that land is a public asset owned by the government, various lease types and durations are available for land development across real estate, agriculture, mining and other industries. 

Company description 

The Land Bank Development Corporation (LBDC) was established in 2018 and worked under three strategic pillars: Federal Landholding Management and Administration, Landholding Business Development and Federal Landholding Development. 

Hospitality industry 

The hospitality industry has been steadily growing as the number of brand name hotels in Addis Ababa and other large regional cities increases. There is significant opportunity for synergies between the hospitality industry and the tourism industry. Attracting international hotels is one of the key ways Ethiopia can bolster both the tourism and hospitality sector. Similarly, there are opportunities for hotels and tourism providers to develop integrated offerings. 19 

Company description 

Genet Hotel provides accommodation, food & drinks, venue shop rental (24 shops), warehouse rental (11 warehouses), bowling, ground tennis and garden access. Genet is located on land with a size of over 22 thousand square meters. 

19 https://allafrica.com/stories/202106010329.html