Kenyan Private Equity Firm Acquired Stake in Ethiopian Food & Beverage Company
Catalyst Principal Partners, a Kenya based private equity firm, yesterday announced the acquisition of a 50% stake in Yes Brands Food & Beverages PLC, Ethiopia.
Catalyst Principal Partners, a Kenya based private equity firm, yesterday announced the acquisition of a 50% stake in Yes Brands Food & Beverages PLC, Ethiopia.
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 commentThe 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.
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.
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