2merkato

The newly appointed head of Diageo’s African Regional markets, Ekwunife Okoli will oversee the conclusion the transaction for Ethiopian Meta Abo Breweries.

The company may launch other products into the Ethiopian market after finalizing its takeover of Meta Aba said Okoli.

The Ministry of Transport and the Ethiopian Maritime Affairs Authority are working on a directive with provisions for cutting container lease costs and the repossession of cargo left at dry ports for a certain period of time.

New private equity firm opened in Ethiopia, Ascent Capital, is set to finance local businesses including newly established businesses. It is the second equity firm in Ethiopia, following SGI.

The Ethiopian Ministry of Justice (MoJ) has drafted a new bill that authorizes the establishment of legal firms for the first time. The draft bill allows the establishment of law firms offering advocacy services as ‘Ordinary Partnerships’.

The new bill will prohibit members of a law firm from membership in multiple legal firms and from providing private advocacy services.

Ethiopian Cargo is to introduce new fees for various services it offers in Ethiopia. The new fees are expected to include charges for security screening, port handling, terminal use and terminal transfers. There were no charges for these services provided previously.

Fees will be modeled on what Ethiopian Airlines has been paying in external airport terminals. Such charges are common to goods shipped by private companies in other countries according to industry experts.