2merkato

Ethiopia's Awash Wine S.C announced that it has made over 90 million Ethiopian birr profit before tax in the concluded fiscal year. Rezene Hailu CEO of Awash Wine S.C made the announcement during the company's annual employees day.

Rezene said on the occasion that the company has earned 90.84 million birr profit before tax from the 6.4 million liters of wine produced in the budget year. The company’s profit before tax was only 1.5 million birr 15 years ago, he noted.

The Ethiopian Ministry of Mines and Energy said, over 8.6 million liters of ethanol has been blended with gasoline and supplied to local market over the concluded Ethiopian Fiscal Year.

Public relation and communication Director with the Ministry, Bizuneh Tolcha told Ethiopian News Agency that supply of increasing amount of ethanol blended gasoline has enabled the country to save US$7.6 million.

The Belarusian Minsk Motor Plant shipped the first batch of products to Ethiopia, Belarusian Telegraph Agency (elTA) reported.

“We shipped 71 engines to this market where they will be used to re-equip ZiL 130/131 and GAZ-66 vehicles. There are good prospects to expand deliveries to this new market. We have stepped up our efforts to explore and penetrate the markets of Africa, Latin America and Asia. These markets are very promising for us. We have already delivered the first batch of products to Myanmar, Burkina Faso, the Dominican Republic and Mexico,” the company said.

Ethiopia's Meta Abo Brewery S.C. has launched a non-alcoholic malt drink to venture into the non-alcoholic beverage market.

A particular segment of the society the company identified as being a potential customer base is the Muslim population of Ethiopia, which because of its religious drink is prohibited from drinking alcoholic drinks.