Edna Mall
| ኤድና ሞል | |
 | |
| Location | Cameroon St, Bole, Addis Ababa, Ethiopia |
|---|---|
| Coordinates | 8°59′51″N 38°47′12″E / 8.99748359205193°N 38.786787588356546°E |
| Opening date | November 2008 |
| Closing date | December 2021 |
| Owner | Tekleberhan Ambaye Construction PLC East Steel PLC (until 2022) |
Edna Mall (Amharic: ኤድና ሞል) was an entertainment and shopping center in Addis Ababa, Ethiopia, established in 2008. It was owned by the Tekleberhan Ambaye Construction PLC (TACON). As an entertainment venue, the mall hosted Matti Cinema and Bob and Bongo's Fun Palace.
In 2021, the Chinese firm East Steel PLC acquired Edna Mall with 810 million birr after TACON unable to repay a loan from the Commercial Bank of Ethiopia (CBE) and using the mall as collateral. Subsequently, a three times auction of the mall was held with 237 million birr bid.[1] In April 2022, the East Steel PLC announced to renovate the mall and gave warning to building tenants after several times deadlines offered by CBE.
History
[edit]Edna Mall was established in November 2008 as an entertainment hub. The mall houses 30 offices and shops as well as restaurants and underground parking garages.[2] It also hosted Matti Cinema, Bob and Bongo’s Fun Palace. The mall was owned by Tekleberhan Ambaye Construction PLC (TACON).
In 2021, the Chinese firm East Steel PLC acquired Edna Mall with 810 million birr, a prime property under TACON and received offer of three times auction of 237 million birr. The offer was happen after TACON unable to pay loan from the Commercial Bank of Ethiopia (CBE) and using the mall as collateral.[1]
In December 2021, the CBE announced a deadline to the mall's tenants for eviction after not complying the previous order.[3] In April 2022, the East Steel PLC announced a plan to renovate the building to overhaul as modern mall and warned the former tenants for eviction and otherwise their store would be sealed off.[1]
References
[edit]- ^ a b c Yelkal, Amanuel (2022-04-16). "Chinese Firm To Repurpose Edna Mall". www.thereporterethiopia.com. Retrieved 2024-12-03.
- ^ Fortune, (Addis). "Edna Mall Handover Takes Sour Turn with Employees". Retrieved 2024-12-03.
- ^ Yelkal, Amanuel (2022-04-16). "Chinese Firm To Repurpose Edna Mall". www.thereporterethiopia.com. Retrieved 2024-12-03.