“I do believe it’s a wonderful place to start businesses. A lot of times we overlook the African countries, Ethiopia in particular, and think they are inaccessible or not entirely convenient for business but I do believe otherwise,” says Martha Adugna, owner and general manager of Residence Suite Hotel.
“The business tourism in Ethiopia, and especially in Addis Ababa, has been growing very quickly over the last ten years. It has progressed and has changed its direction quite often and in a way to target different interests,” says Martha Adugna, owner and general manager of Residence Suite Hotel.
Residence Suite Hotel reached full occupancy in four months after opening in May 2013.
“We only have 19 rooms which are favored by many visitors due to very private surroundings, and we specifically target long-staying guests which is why we made the rooms very spacious,” says Martha Adugna, owner and general manager of Residence Suite Hotel.
Blom Bank is traditionally a commercial bank. However we have expanded gradually to become a full service bank. Now we are the number one bank in Lebanon and in the region in terms of retail banking.
“Our former Prime Minister Meles Zenawi planted within everybody the idea that everybody can be a winner and everybody can do what they want. The current youth are very lucky; the future lies in their hands and they can do what they want and so their future is promising,” claims Abeba Tesfaye, the managing directress of MOAB Plc. and GIRUM Food Complex.
“The technology is a little backward and we are not efficient enough but the demand is very, very high. In this case we are looking for partners. It is a very profitable business,” explains Abeba Tesfaye, the managing directress of MOAB Plc. and GIRUM Food Complex.
In terms of regulations, there is a lot of hardship. The good thing is that we have a good Minister, who understands telecoms, who understands the regulations and who understands market competition. .
MOAB Private Limited Company was established in 1994 by Mrs Abeba Tesfaye and her husband.
“The Ethiopian Civil Aviation Authority has a history of over 50 years. It is one of the oldest civil aviation authorities in Africa,” notes Colonel Wosenyelh Hunegnaw, Director General of Ethiopian Civil Aviation Authority.
