Does choosing an MBA from EBS Universitat make more sense than MBA & E from HTW Berlin, given that HTW program costs almost half that of EBS

This depends on your goals. Quite possibly a German language course is a better investment. 

Hi Duncan,
So from an employment perspective, for someone looking to work in the IT industry, which place has more opportunities, Frankfurt or Berlin? Also does the added cost of studies at EBS provide any additional value when compared to HTW Berlin

I think an MSc taught in German would be a better option. Frankfurt is a more favourable location.