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.
Gullele Soap Factory Plc changed its business organization form to a share company with a capital of 80 Million Birr.
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.
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.
Habesha Beer commenced distribution on July 11, 2015, to Debre Birhan, Addis Ababa and Adama markets, Addis Fortune reported.
