Latest Business Alerts

New Diageo African Head to Finalize Ethiopian Brewery Takeover

The newly appointed head of Diageo’s African Regional markets, Ekwunife Okoli will oversee the conclusion the transaction for Ethiopian Meta Abo Breweries.

The company may launch other products into the Ethiopian market after finalizing its takeover of Meta Aba said Okoli.

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Agreement Signed for Cross Border Public Transport Between Ethiopia-Kenya

Ethiopia and Kenya have signed an agreement allowing for cross border public transport between the two countries. Public transport across the borders of the two countries will commence when the road project is finalized according to Diriba Kuma, Minister of Transport.

Ethiopia expects to extend cross border public transport arrangements to include Djibouti and Sudan he explained. The document establishing agreement with North Sudan has been drafted and will be completed in the beginning of the coming year noted Diriba.

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Access Predicts Continued Price Increases in Ethiopia

A survey conducted by Access Capital Services anticipates continued price increases in the next quarter in Ethiopia. Access  surveyed businesses and retailers across Addis Ababa for anticipated prices on their goods for a three month period. 

It is expected that 103 items of a total of 184 surveyed will increase in price in the next three months according to the survey results. Amongst items expected to increase in price are all types of meat, house rentals and construction.

The survey discovered that two thirds of the 184 items surveyed are expected to show year on year price increases in the double digits.

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BASF Global Conducts Workshop in Ethiopia

BASF Global conducted a workshop to educate professionals on the ingredients of pills and tablets. The international chemical company provided the training to six factories in Ethiopia.

The workshop featured new technology to coat active pharmaceutical ingredients according to Asmelash Gebre Managing Director of HighCem Ethiopia PLC, local agents for BASF.

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Ethiopia and South Korea Agree on Industrial Cooperation

Ethiopia and South Korea signed a Memorandum of Understanding on industrial cooperation. The agreement was reached at a summit during Ethiopian Prime Minister Meles Zenawi’s visit to Seoul.

South Korea will support Ethiopia’s textile and leather sectors through sharing experience and know-how said the office of President Lee Myung-bak.

The relationship between the two countries is moving along rapidly said President Lee. He expressed hope that the visit from the Ethiopian premier will enhance cooperation.

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