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Diageo Unveils Zemen Beer in an already Tough Market

Diageo, a British multinational alcoholic beverages company and owner of the Meta Abo brewery of Ethiopia, unveiled its new product, Zemen Beer, on Thursday aiming to stay at the forefront of the...

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Ethiopia set to double its Hydropower

With commissioning of Ethiopia’s second biggest electricity project, 1870 Megawatts (MW) Gilgil Gibe III hydroelectric dam in the coming July, the country is set to double its current electric...

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Three New Oil Retailers to Join the Sector

The Ethiopian petroleum and petroleum products distribution and marketing sector, which was dominated by four foreign companies for over 50 years before it was opened for local companies only a decade...

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Sub-Saharan Africa Manufacturing: Where to build a Factory?

Amidst a continent experiencing unprecedented levels of economic growth, a growing middle class, more stable political conditions, and favorable tariff terms from mature markets, there has been no...

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Southwest, SABMiller establish Liquor Business

Southwest Development PLC, an Ethiopian investment company, and its partner, SABMiller, the South African London-based brewery, have once again teamed up to establish a totally new liquor factory in...

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Ethiopian eyes Rwandair as Strategic Partner

The management of Ethiopian Airlines has shown an interest in becoming a strategic partner of RwandAir, the national flag carrier of Rwanda. RwandAir is a small but fast growing airline in Africa. The...

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Seizing a BEEautiful opportunity in Jimma, Ethiopia

In Ethiopia, industries are developing at a rapid pace and entrepreneurs are taking the lead in pioneering new industries and innovating existing ones. Samuel Woldekidan saw a golden opportunity and...

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Babichi fills the gap in the apiculture industry with honey

Yewalashet Yigezu lives in Anfillo, a coffee growing and evergreen region in Western Ethiopia. By trade, she is a coffee grower and trades her products in the local market. But when the coffee season...

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Ethiopia Earns Over $1 Billion from Export Sector

Ethiopia earned 1.16 billion US dollars in revenue from the export sector in the first five months of this Ethiopian fiscal year, according to the Ministry of Trade (MoT). Ministry Public Relations...

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Asia Garment Industry faces Africa as Emerging Competitor

It was a turbulent year 2014 for Asia’s textile industry: Soaring labor wages in China, violent workers’ protests in Cambodia and collapsing factories in Bangladesh were just some of the bad news that...

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Turkey proposes First Foreign Owned Bank in Ethiopia

Ziraat Bank, a Turkish agricultural bank, tabled its proposal to the Ethiopian government to open its branch in Ethiopia, Capital learnt. The bank has sent its proposal for the government to operate in...

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Realizing Coffee’s Full Potential

Coffee will get its own exclusive office in the second Growth and Transformation Plan (GTP II) with the goal of boosting the sector’s revenue and development. Several studies recommended that the...

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Government to allow the Private Sector in Multimodal Scheme

The Ministry of Transport is considering sharing the multimodal (land, sea, or road) transportation services with the private sector. Since the government introduced the multimodal scheme about three...

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Wonji-Shoa Sugar Factory boosts Production to Ease Shortage

Wonji-Shoa Sugar Factory has started producing with full capacity making 7221 quintals of sugar per day to curb shortage of the sweetener that recently gripped the nation. The factory has been...

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Ethiopia’s Buoyant Economy raises Heineken’s Hopes for Beer Market Growth

Heineken is betting on Ethiopia’s rising incomes to fuel rapid expansion of the beer market in Africa’s second most populous country, where the group is the first of the big international brewers to...

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FOREX Africa: Is 2015 Ethiopian Birr’s Time to Shine?

As a frontier market, the countries of Africa represent both tremendous opportunities and tremendous risks. On the risk side of the ledger are all the usual complications of international trade and...

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Etur Textile to start export to Europe, US

The Turkish textile manufacturer, Etur Textile has announced on Monday that it will start exporting its products to markets in Europe and America having conducted successful trial exports to Algeria...

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GE to build Wind Farm

A consortium that includes General Electric, a US based company, is going to undertake the wind farm project at Aysha, Somali regional state. The consortium that delivered its study for the development...

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Ginger: Ethiopia’s abundantly grown but less Commercialized Crop

Agriculture which accounts for 50 per cent the national gross domestic product (GDP), is making a significant contribution to Ethiopia’s fast growing economy. The dominant contribution of agriculture...

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President Urges Gov’t Bodies, Professionals to Support Coffee and Honey

President Mulatu urged government bodies and other professionals to extend their support to farmers engaged in coffee and honey production so that they could increase their capital by producing quality...

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