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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

LG Ethiopia Launched Mobile After-sales Service Center

LG Electronics and Metro PLC launched a mobile after-sales service center in Ethiopia through the “Care and Delight” bus on Wednesday March 27, 2013. The two companies has invested 2 million birr on the Mobile repair center.

“LG has always placed customer satisfaction at the core of its initiatives,” stated Riyadh Yusuf, Marketing Manager of Metro Plc, speaking at the launching ceremony.

The mobile service center aims to save customers time and effort by bringing after-sales service facilities to their doorsteps free of cost.

The bus is equipped with a work station where technicians work on products customers fetch in to be serviced. The bus will also be powered by electricity generated from the LG solar cell battery system installed on the roof of the vehicle, to show LG's environmental responsibility.

Also speaking at the launching ceremony was Abdullahi Abubaker, Owner of Metro PLC, stated that, the new service will help build f…

ESLSE to Introduce SMS Notification Service for Importers

The Ethiopian Shipping & Logistics Services Enterprises has installed a new automated notification software that will help to notify customers of the arrival of goods at the dry port, via text message. The software, called CTTS, will automatically send a text message to customers after registering the arrival of the shipments into the ESLSE system.

The Enterprise has been provided with a dedicated server by ethio-telecom, for this particular service. The state owned enterprises are working on a deal for monthly service fees, in order to launch the system within few weeks time.

This is one of a series of actions the Enterprise has taken to provide cargo tracking information, following complaints from customers about the whereabouts of their shipments. Such complaints were especially rampant after problem in the Multi-modal Transport System which caused congestion and delays in the delivery of shipments.

Lac…

Habesha Construction Selects Contractor for 10 Storey Center

Habesha Construction and Materials Development, Ethiopia has selected Rama Construction plc to construct the 10 storey shopping center it proposes to build at a cost of 233 million birr. Rama will handle only the structural aspects of the proposed project at an estimated cost of more than 123 million birr according to the agreement signed between the two companies yesterday.

Rama will be expected to complete the structural work in 18 months from the time of the agreement.

The center to be named the Tigat Shopping Center will be constructed on 2,100 meter squares of land to be found on Haile Gebreselassie Street. It will be a mixed-use building to host offices, shops and a ninety bedroom four star hotel. The center is owned by the Tigat group of shareholders made up of shop owners in the proposed building site who elected to come together for this project to meet the building requirements of the area according to the cit…

Ethiopia to Start Trademark Re-registration

The Ethiopian Intellectual Property Office is to launch the process to re-register trademarks in the coming month it announced. The proclamation that authorizes the office to take this step was endorsed seven years ago.

The Ethiopian Intellectual Property Office issued 1500 separate patents and creative rights ownership certificates in the last fiscal year. The office granted certificates after careful evaluation and all due consideration to ensure the originality of the creation both at home and internationally said Awkoke Shiferaw, Head of Communication Service with the office. The office also took steps to publicize the ownership claim to public to entertain any counter claims to the creative rights of the creations before issuing final certification said Awkoke. The office has thus been able to certify 45 owners who managed to fulfill all the criteria established…

Ethiopian Capital to Get New Traffic Lights

Addis Ababa is to get new technology that will improve the efficiency of the traffic system so as to alleviate problems related to traffic congestion.

The Addis Ababa City Roads Authority is in the process of finding vendors for traffic lights to be installed at fourteen junctions across the city. The authority announced the tender for interested suppliers 2 months ago at which time ten companies purchased bid documents. Two potential vendors submitted offers to the authority according to an anonymous source.

The authority has budget of 30 million birr to install the traffic light system according to Engineer Elisabeth Tesfaye who is a member of the committee evaluating the proposals. It is to be remembered that the original idea for upgrading the traffic light system was proposed in the aftermath of a visit made to Durban by Kassahun Hailemariam, Federal Transport Authority, Director General, and Fekade Haile General M…

Ethiopia Telecom to Replace Nokia Network

Ethio-Telecom is to replace the Nokia mobile network coverage in Addis Ababa over the next five months according to officials with the telecom provider.

The areas in which the telecom network will be replaced include Ascot, Alem Bank, Akaki, Kolfe Keranio, Hanamariam, Jomo, Lebu and Mekanisa.

It is expected that complete coverage of the mobile tel-communications network in Addis Ababa will be handled either by ZTE or Huawei. The networks set up by Nokia are more than a decade old and are outdated which is why it is necessary to upgrade them said Abdurahim Ahmed, Head of Public Relations with Ethio-telecom.

It is likely that the network will be replaced by ZTE according to an anonymous source close to the issue although ethio-telecom is yet to officially announce its decision.

This effort is part of the larger bid to double the number of mobile subscribers from the current 20 million to 40 million s…

Farida Group Establishes a Tannery in Ethiopia

The Farida Group based in Chennai, India has launched a tannery in Ethiopia. The tannery is intended to target the export market including to India.

The new tannery commissioned at the end of the last year is expected to have the potential capacity to manufacture an estimated 800,000 sq. ft of leather, said Rafeeque Ahmed, Chairman, Farida Group.

The factory was launched through Farida’s international subsidiary in Singapore. The plant will supply finished leather to the international markets as well as catering to the leather requirements of the Farida group according to Ahmed. The Farida Group is among the largest exporters of footwear and makes leather footwear for leading international brands.

It currently has multiple leather footwear production units and tanneries in Tamil Nadu. The total footwear production capacity is over 22,000 pa…

Solar Panel Start Assembling in Ethiopia

The Ethiopian Metal and Engineering Corporation and SKY Energy International have manufactured the first solar panel in Ethiopia.

The solar panel was manufactured by the assembly line commissioned in April of last year as a joint venture between the Ethiopian Metal and Engineering Corporation and SKY Energy International.

The turnkey assembly line was fully installed in December and the first efforts to laminate, test and produce solar panel were launched by engineers at this time.

The logistics of the different materials used in the manufacturing process as well as the purchase of raw materials for the factory was handled by SKY Energy International. Ethiopian personnel for the factory were trained in the United States.

It is expected that the final stage of the training will be given to the personnel this coming February.

Source:www.pv-tech.org