The Hawassa City Administration has confiscated 15.7 hectares of land from 25 investors who failed to develop their projects, according to the city's Investment Promotion Office. The land, which was originally allocated for various investment projects, has been returned to the government's land bank.
Heineken Brewery, Dutch Brewers submitted a loan application for 3 billion birr to the Commercial Bank of Ethiopia. The loan is to be used for the construction of a new brewery in Addis Ababa and to expand the other two breweries - Harar and Bedele - that the international company has purchased in Ethiopia. The request was made before four weeks.
The new brewery plant to be constructed in Addis Ababa, to be named ‘Addis Green Field,’ Heineken requires a loan of 2.2 billion birr loan according to its loan proposal to the Commercial Bank according to Johan Doyer, general manager of Heineken Breweries SC.
If the loan is granted by the Bank Heineken will start producing its international brand beers right here in Addis Ababa.
The planned capacity of the new brewery is three million hectoliters per annum although it is expected to start with an initial production of 1.5 million hectoliters.
HEINEKEN Breweries S.c. launches Buckler, its first Non Alcoholic Beer. Buckler 0.0% alcohol, as the label indicates, is brewed in Harar Brewery and will initially be available in Harar, Dire Dawa and Addis Ababa.
Helios Towers, a telecom infrastructure firm, is interested in investment opportunities in Ethiopia, ITWeb Africa reported. Helios Towers assesses Ethiopia requires $1.5 billion over the next five years to meet installations demand.
Helios Towers is considering a move into Ethiopia's telecom market, the companies CFO Tom Greenwold told Bloomberg. The CFO said Ethiopia is "a highly attractive market" to Helios to the extent that it had already approached possible partners to discuss a move into the market."
