Mr. Semu Tekle, an Ethiopian citizen, was born on November 28, 1971 in Meki Town about 90 kms from Addis Ababa, the capital city of Ethiopia. He completed his primary and secondary education in his hometown Meki.
Subsequently he moved to Addis Ababa to pursue his business ambitions. In 1990 and at the age of 19, he started out as a small-scale trader in the Merkato, the buzzing central commercial district of Addis Ababa. Soon afterwards he opened and managed a restaurant. For the next 15 years he operated small scale hotels and entertainment businesses.
In 2005, he entered the real estate market engaging in the acquisition, development and resale of various properties. Amongst his greatest success during this period is the development and marketing of 60 villas in an upcoming neighborhood of Addis Ababa.
Currently he is developing two residential properties. The first, the construction of 64 residential houses in a choice residential neighborhood of Addis Ababa. The second on is a modern apartment complex in the same neighborhood situated on 81,000 sq. mts. Both projects are planned for completion in 18 moths time.
Mr. Semu Tekle is at advanced planning stages to start the construction of a five-star resort complex. Legedadi Resort, destined for leisure, recreation, entertainment and conference tourism. The complex, 25 kms outside of the capital and a mere 15 kms from the airport, will be managed by Dusit Thani – the Thai resort management group. Architectural, structural, electromechanical and interior design works have been carried out by Mr Semu Tekle. It is planned construction would start during the third quarter of 2019.
Mr Semu is a prominent and reputed real-estate developer with assets valued at 1 billion ETB.
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