IFC to Lend $80 Million to MIDROC Ethiopia’s Hotel Development

The International Finance Corporation (IFC) is set to provide 80 million loan to MIDROC Ethiopia PLC (MEP), the hospitality arm of MIDROC Investment Group (MIG), IFC is providing MEP with an $80 million long‑term loan to support the refurbishment of the Sheraton Addis (Luxury Collection) and the development of a new Sheraton hotel in Addis […]