Kuriftu Resort & Spa to undergo expansion, seeks 400 million birr loan from CBE
The construction work for the resort in DebreZeit hinges on securing a CBE loan.
Addis Ababa, Ethiopia – Kuriftu Resort & Spa has requested a 400 million Br loan from the Commercial Bank of Ethiopia (CBE) that it will use for the expansion of resort in DebreZeit.
The centre will be built on a 74,000sqm plot of land it leased a month ago, adjacent to the existing Kuriftu Resort & Spa, says Tadios Belete, who co-owns Kuriftu with his wife. This centre will be a village of 100 two-story houses, with the ground floor serving as a workshop for traditional artefacts and the top floor a guesthouse, he said.The centre has been designed byBekure Studio, who has in the past designed the Bahir Dar and DebreZeit resort & spa centres.
The construction could begin in two months’ time if the loan is approved, Tadios said.
The centre will allow visitors access to workshops where they can see how 100 different traditional items are created, which they can also buy. Kuriftu’s revenue will come from artisans who can rent the workshops or froma share of items sold, both locally and through export, continued Tadios.
The centre will also have a conference room with three breakout rooms, bars, spa, a swimming pool, a traditional food corner and a restaurant.
Source: Addis Fortune
