Previously Missed Hearing on Awassa Hotel Adjourned for Investigation
Justices at the Federal Supreme Court adjourned the hearing of an appeal in the case between the Privatisation & Public Enterprises Supervising Agency (PPESA) and United Africa Group (UAG) by a little over a month, for further investigation. The parties have been locked in a courtroom battle since June 2010, after lawyers from the Agency instituted a suit at the Federal High Court, involving a claim of close to 700,000 Br in punitive damages. The Group, which acquired a state property in Hawassa Town, has failed to honour its contractual obligations. lawyers claim, UAG, established in 1992 by Haddis Tilahun, an Ethiopian residing in Namibia for 18 years, and his Namibian wife, Marta Namumdjebo, pledged to renovate Awassa Lakeside Hotels (Number One), formerly under the Wabe Shebelle Hotels brand, after it acquired it from the Agency in May 2005 for 6.95 million Br. The company acquired the only property it has in Ethiopia now, agreeing to spend a total of 18 million Br