Is Kemer Yesuf ready to buy the country best Resort ?

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The Privatization and Public Enterprises Supervisory Agency (PPESA) is negotiating to transfer the state’s 80 percent stake in Sodere Resort Hotel to local firm, DEK Oromia Business Investment PLC.  The agency has unsuccessfully negotiated with local and international investors about fully or partly privatizing resort. According to Wondafrash Assefa, public relations head of PPESA, the discussions are ongoing, although most of the requirements the agency demanded have been met by the potential purchasers.

“The agency has suggested the interested investors readjust some proposal requirements that will help to the transform the resort,” Wondafrash told Capital. The public relations head said the investors will expand and upgrade the resort that the government intends to keep a 20 percent stake in. If negotiations are successful, the final approval will given by the board of the agency chaired by Hailemariam Desalegn, government whips at the Parliament.

A prominent modern Oromiffa music singer, Kemer Yusufe, is one of the people negotiating with the agency under a single locally-registered firm. Kemer has returned from Canada after over two decades to live here, according to reliable source. Capital tried to contact Kemer, but he is out of the country. Sodere recreation was established in the Imperial Era by one of the popular minister of King Haile Selassie I, Tesema Eshete, and it was nationalised by the Derg regime in the early 1970s. Currently it is controlled by Wabe Shebelle Hotels enterprise. The resort is one of the few organised recreation centers in the country. Sodere is 120km southeast of Addis Ababa, along the Awash River. It is popular for its hot springs and naturally-heated swimming pool. Vervet monkeys and baboons are common, and there are many species of birds.  Source (capital)