Ethiopia: Asian Paints Completed Acquisition of Kadisco
Asian Paints’ indirect subsidiary completed a deal which grants it 51 percent stake in an Ethiopian paint manufacturer, Kadisco. The deal was done for a price of USD 18.95 million in cash.
Ethiopia: Asian Paints’ Subsidiary Bought 51 % of Kadisco Paints
Asian Paints is acquired a 51 percent share in the Ethiopian Kadisco Paints via its Singapore-based subsidiary Berger International.
Ethiopia: ASKY Appointed Its New CEO
Henok Teferra, Vice President for Corporate Strategy Communications and Alliances at Ethiopian Airlines is to take over from the outgoing CEO of ASKY, Yissehak Zewoldi, The Reporter reported.
Ethiopia: Asseco Signed Contract Worth 1.3 Million USD with INSA
Asseco Poland has started a new project in the African market. It will be carried out in Ethiopia, in collaboration with Information Network Security Agency (INSA), a local entity. The project is valued at USD 1.3m net. It’s implementation will take nine months.
Ethiopia: Assela Malt Factory to Import Barely because of Shortages
The first Ethiopian malt factory, Assela Malt Factory, management team has decided to import 260,000 Quintals of barely at an estimated cost of 275.2 Million Birr. The company is waiting for the approval of the board of directors to execute the decision.
