Ethiopian – Habesha Yellow Pages

Diageo Planning US$ 50 Million Expansion in Ethiopia

Diageo, the London based alcoholic beverages company is planning to invest at least US$ 50 million in the Meta Abo Brewery soon, according to Capital.

Diageo’s Marketing Director for African Regional Markets, Ekwunife Okoli, said the company will be investing in the expansion of the Meta Abo Brewery.

“We are going to invest in expanding our brewing capacity as well as our packaging capacity. Currently, we are constrained in regards to both. So, there will be a new packaging line as well as expanding our brewery capacity” Okoli stated.

Construction work on the expansion is set to start in two months within the premise of its brewery is currently located.

“The demand for our brand has kept growing; that is why we are putting significant investment into expansion,” Okoli said.

Diageo became the third European company to invest in Ethiopia’s alcoholic beverages industry after it acquired Meta…

Habesha Brewery Offers Additional Shares for Sale

Habesha Brewery is offering additional 300,000 shares to its existing shareholders after failing to get adequate bank credit.

Habesha has plant to install a brewing plant with annual capacity of 500,000 hectoliters in Debre Berhan Town, 120 KM outside of the capital, Addis Ababa.

The project is projected to cost 631 million Ethiopian birr. However Habesha has raised 40 per cent of the project after the acquisition of 43 per cent of its shares by the Dutch brewer, Bavaria NV.

The latest sale of shares is expected to raise Habesha's paid-up capital to 550 million birr.

Currently Ethiopia's largest brewer is BGI Ethiopia with brewing plants in Addis Ababa, Kombolcha and Hawassa with combine annual brewing capacity of 1.9 million hectoliter.

Source: Fortune

Yangfan Motors Expanding its Assembly Plant in Ethiopia

Yangfan Motors P.L.C., a Chinese based Company, is to expand its vehicle assembly plant in Ethiopia at a cost of US$4.2 million.

The company has been assembling vehicles during the past four years in Ethiopia. Yangfan Motors signed agreement on Thursday for purchase of its assembling and manufacturing facility with Eastern Industry Zone located in Dukem, Oromia Regional State.

Liu Jiang, the Company's General Manager on said the company has supplied close to 3000 vehicles to the Ethiopian market so far.

The new plant, which will go operational within the next six months, will increase the company's annual production capacity to 5000 units from the current 1000 units.

Source: ENA

ERA Contracted Chinese Companies for Road Upgrade Project

Ethiopian Roads Authority last week signed agreement with two Chinese construction companies to upgrade the Kombolcha-Bati road to asphalt concrete level. The 133 KM road project is estimated to cost the Authority close to 2.8 billion Ethiopian birr.

Construction of the road, which is scheduled to be completed in three years time will be fully financed with a fund secured from the World Bank. The project is part of the fourth Road Sector Development Program (RSDP IV) of the Authority, for which implementation costs are estimated to reach 125.3 billion birr. Out of this, 84.5 billion birr is allocated for federal projects, 14.4 billion birr for regional and 26.4 billion for weredas, the smallest administrative subdivision.

The RSDP is part of the Ethiopian Government's Road Sector Development Program (GTP), tasked to upgrade 728 KM of trunk and link roads and construction of 4,331 KM of new link roads.

The Ethiopian Roads A…

TCDD to Assist Ethiopian Railways Corporation

The Turkish State Railways (TCDD) has agreed to assist Ethiopia in technology transfer, restructuring its railways system and to give training to its personnel.

Ethiopia has asked for assistance from TCDD via the Turkish Cooperation and Development Agency (TIKA) in order to reactivate its railways between the capital Addis Ababa and Djibouti, which has been stopped since 1997.

In a meeting held at TIKA’s office in Addis Ababa, Ethiopia, the TCDD and Ethiopian Railway Corporation (ERC) has agreed on cooperation on numerous areas.

According to the agreement, TCDD will prepare operational regulations, help in ERC’s structuring and give technical support in railway building, supervision, observation, projects and agreement, give training to the personnel and build capacity for human resources, give technical support in transfer of technology and share knowledge and experience in the administration of immovables.

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Ethiopian Airlines Signs Agreement with Djibouti Airport for Sea

Ethiopian Airlines, the fastest growing airline in Africa, signed a Memorandum of Understanding (MoU) with Djibouti International Airport for the provision of sea-air and air-sea cargo transport of goods in East Africa.

The MoU was signed at Ethiopian Airlines headquarters on Monday, 22 April 2013, between Mr. Tewolde Gebremariam, CEO of Ethiopian, and Mr. Mohamed Yacoub Mahamoud, General Manager of Djibouti International Airport.

"As the largest air cargo service provider in Africa, we are a serious player in moving trade, commerce and investment, which are the engines of fast economic development in the continent. The cooperation framework with our longtime partner, Djibouti airport, will enable us to offer new menu of choice, sea-air multimodal transport services, to our shippers, forwarders, and logistics providers in Africa", said Tewolde, CEO of Ethiopian.

Ethiopian Airlines is the biggest cargo operator in Africa flying to 25 destinatio…

Dangote Industries Applied for Mining License in Ethiopia

Dangote Industries PLC applied for silica exploration license in Ethiopia. Silica is the major raw material for glass manufacturing. Dangote applied for the mining license to establish a glass manufacturing plant.

Dangote has also commenced work on cement manufacturing plant in Ethiopia. The cement factory, located in Mugher town, will have a production capacity of 1.5 tons per annum.

The Ethiopian Ministry of Mines previously suspended accepting applications for minerals exploration licenses for more than a year, however, the Ministry has resumed accepting applications two weeks ago.

According to Bacha Fuji, public relations head with the Ministry, told The Reporter, in addition to Dangote Industries, five other foreign and local companies have also applied for minerals exploration licenses. An Indian company, Allied Chemicals PLC, applied for iron ore exploration license, a company established by Ethiopian and German investors, Rusf Gladwun…