Oromia region finally receives Langano Resort Hotel capitalethiopia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from capitalethiopia.com Daily Mail and Mail on Sunday newspapers.
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After three years delay, Oromia region has settled over 54 million birr to receive Langano Resort Hotel.
The hotel that is located about 155km south of Addis Ababa at the beach of Lake Langano in the Great Rift Valley has two locations that are known as Langano Resort Hotel one and two.
Langano Resort Hotel one is well developed with different facilities including 65 rooms and restaurants.
About three years ago, the regional administration had asked the Office of the Prime Minister to buy and manage the hotel that was accepted by the federal government.
Since then, Public Enterprises Holding and Administration Agency (PEHAA), which is responsible for managing public enterprises and taking lead on the privatization process, has conducted the asset valuation and as a result, had invited the regional administration to settle the payment and take the ownership.