2merkato

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.

The Ethiopian Airlines said it was planning to increase its market share in Africa by ten folds in 2025 by raising the quality of its service and number of its aircraft.

Tewolde Gebre-Mariam, CEO of the airlines, said that Ethiopian would add 70 modern, fuel-saving aircraft to its fleet.

According to Tewolde, Ethiopian's annual income has now reached 1.6 billion dollars and the company was working to raise it to 10 billion dollars. The airline’s annual number of passengers is currently over three million, three times greater than the number of passengers over the last five years.

Chinese shoe factories told Prime Minister Meles Zenawi on Friday that they were interested in investing in Ethiopia. Zan Guha Rang, president of Hu Han Zangur, a shoe factory producing 15 million pairs of shoes a year, said, that it was looking for markets in Africa, particularly in Ethiopia.

The Prime Minister, during his five-day visit to china, assured the Chinese investors that Ethiopia would support prospective Chinese investors. Representatives of various Chinese companies spoke with the Prime Minister about their intentions to invest in Ethiopia.

VAT registered businesses throughout Ethiopia are going to start using cash register machines like those in Addis Ababa.

Officials in the Tigray Regional State started this week enforcing the use of cash registration machines the Ethiopian Revenue and Customs Authority (ERCA) said. The Amhara, Oromia and SNNP regional states are preparing to begin using the system.