Ethiopia: GSE Identified 21 Mineral Deposits
Geological Survey of Ethiopia (GSE) has disclosed in the last fiscal year, it has identified 21 mineral deposits scattered across the country.
Ethiopia: Gulf Ingot FZC Enters Dire Dawa Industrial Park
Gulf Ingot FZC, head quartered in the UAE, and Industrial Parks Development Corporation (IPDC) of Ethiopia concluded an agreement for the production of packaging materials for soft drinks and water.
Ethiopia: Gullele Soap to Change to Share Company
Gullele Soap Factory Plc changed its business organization form to a share company with a capital of 80 Million Birr.
Ethiopia: Habesha Acquired 60 Year Mining License
Habesha Cement S.C. has acquired a mining license from the Ministry of Mines (MoM) to excavate minerals that it can use as input for it’s cement production, Fortune reported.
Ethiopia: Habesha Beer Bagged 32 Million Birr
Habesha Brewery S.C., one of the beer brewing companies in Ethiopia, disclosed it made a net profit of 32 million Birr. This is unique for a brewery operating in Ethiopia as most manufacturers face loss in their first year of operation. For instance, Raya Brewery S.C. reported a loss of 104 million Birr on its first year of operation.
