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Diageo is to begin the take over process at Meta Abo Brewery, Ethiopia. The International distiller arranged for the transfer with Ethiopian Privatization and Public Enterprises Supervising Agency at the end of November.

The transfer process is expected to take three weeks commencing from next Monday said Brook Worku, Country Representative for Diageo.

Diageo will conclude the final payment as per the agreement reached with PPESA according to Brook.

Tsemex is set to provide large capacity water tanks to help resolve the water problem in Ethiopia.  The company plans to import water tanks with the capacity to hold 12,000 liters and custom designed tanks that can hold up to 10 million liters.

The Pioneer water tanks that Tsemex will import come in diameters ranging from 2.68 meters to 20.05 meters and with heights of 1.1 meter to 8.5 meter said Rezene Ayalew Managing Director of Tsemex.

Kabu Coffee has announced plans to market export standard Ethiopian coffee. The company has expanded its investment capital to 10 million birr for this venture.

Kabu is marketing high quality roasted coffee to international and domestic customers according to Aman Adinew company advisor. The company aimed to venture out in this direction from the outset he said.

Kabu strives to carefully control the quality of its ingredients to ensure the quality service promised by its slogan ‘Coffee Redefined’ said Aman.

A milk processing center was inaugurated in Oromia Regional State, Ethiopia. The processing center was constructed with the financial support of the Japanese government said a press release from the Japanese Embassy.

The Japanese Grant Assistance for Grassroots Human Security Projects provided 86,581 US dollars in funding for the project.