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Sheraton Hotel, Addis Ababa Sheraton Hotel, Addis Ababa

Ethiopia Backs Africa Hotel Investment Forum

Prominent figures from Ethiopia’s public and private sectors have spoken out publicly to welcome the return to Addis Ababa of the Africa Hotel Investment Forum (AHIF), which is the premier tourism and hotel investment conference in Africa.

AHIF attracts many prominent international hotel owners, investors, financiers, management companies and their advisers. It will return to the Sheraton Hotel, Addis Ababa in the last week of September, 23-25. AHIF was previously held in Ethiopia’s capital city in 2014 and 2015.

According to an independent study by Grant Thornton and the international tourism advisory expert, Martin Jansen van Vuuren, of Futureneer Advisors, the event is forecasted to be worth millions of dollars to Ehtiopia’s economy and to facilitate the investment of billions of dollars in hospitality projects across Africa.

In 2018, AHIF facilitated around USD2,8 billion of investment in the hospitality sector and between 2011 and 2018, USD6,2 billion.

Abebe Abebayehu, commissioner, Ethiopian Investment Commission, said, “We are glad to support this prestigious event. AHIF attracts the highest calibre group of business leaders in the hospitality industry in Africa. By taking part, we will be able to get a much deeper understanding of what investors need. That is particularly important to us in the context of the governments focus on tourism as a strategic pillar of the economy. By encouraging more investment in hospitality projects, we will create productive employment for our young population and earn valuable hard currency."