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Catalyst Principal Partners, a Kenya based private equity firm, yesterday announced the acquisition of a 50% stake in Yes Brands Food & Beverages PLC, Ethiopia.

Speaking at the signing ceremony, Catalyst CEO Paul Kavuma said “Yes Brands is the leading bottled mineral water company in Ethiopia with a dominant brand and market share. Catalyst aims to build upon the company’s strength to accelerate growth of the business through enhanced operational capacity, deeper distribution and product innovation.” Add a comment Add a comment

Capital Hotel and Spa, a 114 room five-star hotel and resort was inaugurated on 10 May, 2013 in Addis Ababa, Ethiopia.

The hotel is owned by Yemane Gebreselassie, also owned of Hosea PLC, a company importing steel, auto parts, machinery, and export of agricultural commodities. Add a comment Add a comment

The Taiwan External Trade Development Council (TAITRA), a trade promotion organization in Taiwan, announced it will be leading a delegation of 42 Taiwanese businesses to visit Ethiopia on June 17th.

The aim of the visit is to explore business opportunities available in the Ethiopian market, and  to strengthen cooperative ties with their partners in the country, according TAITRA. Add a comment Add a comment

Dubai Chamber of Commerce and Industry (DCCI) Officially opened its representative office in Addis Ababa on Thursday May 9, 2013. Yaekob Yalla, State Minister of Trade said, the opening of the representative office will further strengthen the long standing business and people-to-people relations with the Middle East.

According to Yaekob, frequent visits have been made by senior government officials from the two countries in the previous years to strengthen bilateral relations between the two countries.