While having discussions with the Ethiopian Airlines and Ethiopian Airports Enterprise, DHL announced its plans to build a world class facility within the premises of the Addis Ababa Bole International Airport.
Ethiopia is a key zone for growth within Sub Sahara Africa, said Charles Brewer, Managing Director of DHL, during his visit to Addis Ababa, Capital reported.
“For the past three years, the East African community has sustained high GDP growth, outpacing other Sub Sahara Africa countries and weathering the global recession. According to sources like the United Nations Economic Commission for Africa (UNECA), the region is set to post an economic growth rate of 6.3 percent in 2013, up from 5.7 percent in 2012,” Brewer said.
Diageo Plc, a London based global alcoholic beverages company, bought Meta Abo, a state-owned brewery
for 225 million dollars.
Late in August the Ethiopian government had floated an auction for Meta Abo Brewery weeks after Bedele and Harar breweries were sold to Heineken. British, Dutch and South African breweries were putting bids for Meta Abo, an Ethiopian brewery which brews the Meta Abo beer.
According to sources, Heineken, the Dutch brewery, offered 188 million dollars, while SAB Miller and South West Development (SWD) together bid 190 million dollars followed by Dashen Brewery which offered 173 million dollars.
Diageo plc, concluded the first 30pct down payment for the acquisition of Meta Abo Brewery. The International producer of beverages wired the first installment of payment for its purchase to the Ethiopian Privatization and Public Enterprises Supervising Agency (PPESA) account on Thursday.
Diageo, the London based alcoholic beverages company is planning to invest at least US$ 50 million in the Meta Abo Brewery soon, according to Capital.
Diageo’s Marketing Director for African Regional Markets, Ekwunife Okoli, said the company will be investing in the expansion of the Meta Abo Brewery.
