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The government of Ethiopia lifted the price cap on cotton on 15 August 2011 following the decline of prices in the international market.

For three months from November 2010, the price of a kilogramme of cotton was fixed at 42.78 Br a kilo. At the same time, the government had also banned exporting cotton when demand by local textile factories increased and prices in the international market soared.

SABMiller, the world’s second largest brewer, and SouthWest Development (SWD), an Ethiopian investment group, are going to build a 60-million-dollar brewery in Ethiopia. The brewery will be built near Holeta, 40km from Addis Ababa.

The brewery is expected to have an annual production capacity of 500,000 hectolitres of beer. Construction of the factory is scheduled to start when the rainy season is over and to be completed in 18 months time.

International business exhibition on the side.

The UN Economic Commission for Africa, the African Development Bank and the UN Development Programmeare organizing the sixth African Economic Conference on the theme “Green Economy and Structural Transformation in Africa” in Ethiopia from 25 to 28 October 2011.

Meta Abo is the third brewery for sale by the Ethiopian government after Bedele and Harar were sold two breweries to Heineken.

British, Dutch and South African breweries are putting bids for Meta Abo, an Ethiopian brewery which brews the Meta Abo beer. Meta Abo is located 20km west of Addis Ababa.

The government of Ethiopia has not yet revealed how much it is demanding for Meta Abo but the bids will close on September 3.