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Brother of Ethiopian opposition opens one more hotel in Addis Ababa

Magnolia Hotel & Conference Centre becomes the latest entrant to the hospitality industry with an estimated cost of half a billion Birr, situated on Cape Verde Avenue, opposite the premises of the European Union Delegation to Ethiopia, in Bole District, Fortune Newspaper reported today.


According to Fortune, The construction of the seven-storey Hotel took seven and a half years. Lying on a 1500sqm plot of land, the Hotel, whose soft opening launched yesterday, has 90 bedrooms, a fire-fighting system, four conference rooms, a health centre and a swimming pool.

Constructed by Saba Construction, a sister company, Magnolia is owned by Samson Nega, brother of Ethiopia’s G& Opposition leader Berhanu Nega and son of Nega Bonger, a prominent businessman in the hotel industry owning Semen Hotel, Embilta Hotel, Nega Bonger Hotel and co-owning Global Hotel.

Read more at Fortune

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