IFC Partners with MIDROC Ethiopia to Expand Hospitality, Create Jobs, and Strengthen Ethiopia's Tourism Economy
Ethiopia, June 15 -- IFC is partnering with MIDROC Ethiopia PLC (MEP), the hospitality arm of MIDROC Investment Group (MIG), Ethiopia's largest private sector conglomerate - to expand premium hospitality capacity in Ethiopia. The investment is expected to support over 9,400 direct and indirect jobs, strengthen tourism flows, and open pathways to formal employment for young people and women, who continue to find opportunity and advancement through the sector.The partnership supports the World Bank Group (WBG)'s Country Partnership Framework (FY18-22, extended to FY26) for Ethiopia, which identifies tourism as a major source of the country's economic growth. It also aligns with the WBG Gender Strategy (FY24-30) by accelerating gender equality...
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