2merkato

A Singapore business delegation visited Ethiopia to explore investment opportunities in the country. At a press conference held on Tuesday, the business delegation discussed investment opportunities with the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA).

“We haven’t exactly pinpointed specific areas where we will have investment agreements, but there are companies willing to invest in the areas the Ethiopian government is promoting such as Agro-processing and others,” said Mulu Solomon, President of ECCSA.

As part of The Coca-Cola Africa Foundation’s commitment to helping create sustainable communities, it announced today the launch of Replenish Africa Initiative’s (RAIN) Multiple Use Water Improvements project.

"At Coca-Cola, we recognize that by strengthening the communities we serve, we strengthen our business. We know that providing water access is an effective way of expanding social and economic opportunities for our communities. As part of our Replenish Africa Initiative (RAIN) we collaborate with partners from civil society and government to improve the access, sustainability and affordability of safe water in our communities," said Peter Njonjo, Coca-Cola General Manager for Eastern Africa.

The Ethiopian Fruit and Vegetable Marketing Enterprise S.C said it has started exporting mango to Djibouti. Senior Quality Supervisor with the Company Abumsa Ayele, said the Enterprise exports various species of mango grown in Assosa, Benshangul-Gumuz Regional State.

Accordingly, the Enterprise is exporting 380 quintals of mangoes a week to Djibouti. The Enterprise is also supplying the product to the local market. State Agriculture and Rural Development Bureau Expert Asres Mammo on his part said close to 300,000 quintals mango will be collected in the state this Ethiopian year.
Over 175 million birr is expected to be earned from the export, he added.

Source: Walta

,the largest individual shareholder of Raya Brewery SC, has acquired additional 70 million birr worth of shares. The value of his total share has reached 125 million Ethiopian birr. This purchase makes Dawit the second top shareholder in Raya, after BGI Ethiopia, which has 30 percent share.

The board of directors of Raya, chaired by Lieutenant General Tsadkan Gebretensae, is expected to announce the increase of the company's paid up capital from 300 million birr to 500 million birr at the fifth general assembly and fourth extraordinary meeting of the company.