Habesha Breweries S.C sold 90 percent of its additional shares auctioned in November to two Dutch companies, Fortune reported.
Bavaria bought 20,000 shares worth 20 million birrr, and Peter Linssen acquired 45,000 shares for 65 million birr, now have a combined 60 percent ownership of Habesha Breweries.
Awash Basin Authority aims at constructing 2 more dams as part of the Second Growth and Transformation Plan (GTP II). The dams are said to enable preventing water shortage in the state, which has 18 million inhabitants.
Shoa Trading and Shopping Company is set to open two more hypermarkets in Ethiopia’s capital, Addis Ababa. The hypermarkets are said to be located around Sar Bet and CMC areas.
56 percent of Akaki-Goro and Akaki-Lebu external ring road project is completed, according to Ethiopian Roads Authority’s (ERA) Public Relations, Samson Wondimu.
Two Ethiopian public enterprises drew bids out of the for nine state owned enterprises offered for privatization by the Privatization and Public Enterprises Supervising Agency (PPESA) on its fourth round tender for the year, Fortune reported.
