Habesha Brewery S.C., one of the beer brewing companies in Ethiopia, disclosed it made a net profit of 32 million Birr. This is unique for a brewery operating in Ethiopia as most manufacturers face loss in their first year of operation. For instance, Raya Brewery S.C. reported a loss of 104 million Birr on its first year of operation.
Add a comment Add a commentSapphire Addis Hotel will go operational in few days on May 13, 2017. The hotel situated in Ethiopia’s capital in a location commonly known as Medhanialem Church. It took the hotel 6 years to reach 96 percent completion rate.
Add a comment Add a commentAllana Potash Afar’s potash mine concession, which is found in Afar State, was taken over by Ethiopia’s government following tax claims by the Ethiopian Revenue and Customs Authority (ERCA).
Add a comment Add a commentNew company has joined Ethiopia’s petroleum market to sell and distribute different petroleum products. The company’s name is Gomeju Oil Ethiopia and it owned by Tewodros Yeshiwas and Genet Gebreigzabher.
Add a comment Add a commentEthiopia is aiming to generate 30 billion USD from the export of garment and textile by the year 2025. This is a very ambitious target to hit for a country whose shipments are only 115million USD 8 years before the year 2025.
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