French Malting Company to Build Plant in Ethiopia
Soufflet Group, a French company, laid a foundation at Bole-Lemi Industrial Park to build a malt house at a cost of €70 million.
French Winery to Bottle Wine in Ethiopia
Castel Winery is expected to bottle wine for export form its vineyard in Zeway early next year. The French company is the first foreign winery in Ethiopia after the socialist regime.
The French wine maker has installed 28, 430 hectolitre, Inox tankers for the production of its first bottles of wine according to Robel Seido, Sales and Marketing Manager at Castel.
The wines will be bottled over the next 3-6 months and will be available to the market shortly thereafter said Seido. The first wines to reach the market are expected to be white wine he added.
French-Djiboutian Delegation Visits Ethiopia
A delegation of representative of French and Djiboutian business visited Ethiopia last week. The delegation was led by Banque Pour Le Commerce et L’Industrie - Mer Rouge (BCIMR) in Djibouti and its French parent BRED Banque Populaire.
The delegation is made up of a diverse group of 10 members with backgrounds ranging from banking to aviation and insurance.
Company’s represented include a company dealing with medical products and health care, an insurance college and long time Canadian partner and the International Bank of Canada said Emmanuel Lemoigne Director General of BRED.
Fuel Retail Price Reduced in Ethiopia
The Ministry of Trade revised fuel prices which are to be effective as of February 6, 2016, Fortune reported.
G20's Compact with Africa Forum Being Held in Ethiopia
G20 Compact with Africa (CwA) Forum on Private Sector Led Diversification and Growth is being held in Addis Ababa, Ethiopia. The forum has been organized jointly by Ethiopian Investment Commission (EIC) and the International Monetary Fund (IMF), EIC Commissioner Abebe Abebayehu said in a tweet.
