Finish packaging group Huhtamaki inaugurates US$26.03m packaging plant in Egypt

EGYPT – Huhtamaki, a global food packaging firm based in Finland, has inaugurated a new state-of-the-art flexible packaging facility in Egypt at an investment worth US$26.03 million. The food and drinks packaging major said that investment is expected to serve the Egyptian market as well as export market into other African countries as well as…

Mexico’s Arca Continental to invest US$681m in 2019 to boost production

USA - Arca Continental, Mexican bottler of Coca-Cola beverages has announced that it will be investing US$681 million (Ps. 13 billion) in 2019 to enhance production capacities. The investment is also expected to boost distribution across its territories including food, beverage and snack operations in the countries it serves. The company which is the second-largest…

Ethiopia’s wheat production to increase as government unveils self-sufficiency plans

ETHIOPIA – Ethiopia’s wheat production is expected to increase hitting 4.6 million tonnes during the 2019-20 period as the government unveils plans to ensure the country becomes self-sufficient in wheat production. This is according to a recent report by the Global Agricultural Information Network (GAIN) of the Foreign Agricultural Service of the United States Department…

Ethiopia tenders bid for supply of 400,000 tonnes of wheat to ease demand

ETHIOPIA – The Government of Ethiopia has issued a new international competitive tender to buy 400,000 tonnes of milling wheat as it seeks to fill the gap of wheat supply in the local milling and baking industries. According to a recent report by the Global Agricultural Information Network (GAIN) report from the Foreign Agricultural Service…

Ethiopia agrees to buy 400,000 tons of wheat from Bunge, ADM and Amropa AG

ETHIOPIA – The Government of Ethiopia has reached an agreement with three companies; Bunge SA, Amropa AG and Archer Daniels Midland (ADM) Co. in the supply of 400,000 metric tonnes of wheat. According to a recent report by Global Agricultural Information Network (GAIN) from the Foreign Agricultural Service of the United States Department of Agriculture…

Ethiopia coffee farmers seek to adopt blockchain to boost sector

ETHIOPIA – As leading coffee producers in the continent, Ethiopian coffee farmers are set to adopt blockchain technology in a bid to boost the sector as they focus to increase their share at the global market. The farmers seek to use the technology behind virtual currency, cryptocurrencies, to certify shipments of coffee in order to…

Krotaj commissions new tahini processing plant in Ethiopia

ETHIOPIA- Krotaj Tahini Manufacturers Plc, a multinational joint ventrure of sesame experts, has commissioned a new tahini processing plant in Ethiopia. The processing plant will produce tahini, a value-added product from sesame seeds used as a snack or garnish for supply to the local and international market especially in the Middle East. The company said…

Ethiopia’s Tiret Corporate invests US$1.65m in new milk processing plant

ETHIOPIA - Tiret Corporate, an Ethiopia based private equity firm, is investing US$1.65 million (47 million Br) in establishing a new dairy processing plant in Amhara Regional State, reports Addis Fortune. The investment under TZA Dairy & Processing Plc will sit on a 133ha land designated for both dairy cattle rearing and establishment of a…

Pizza Hut Ethiopia launches first exceptional gender empowerment outlet

ETHIOPIA – American pizza chain, Pizza Hut, has launched its first ever women-operated restaurant in line with its gender empowerment ambitions through the Ethiopian Business, reports Addis Standard. Speaking during the launching event at Century Mall, Chief Executive Officer /Shareholder of Belayab foods and Pizza Hut franchise in Ethiopia, Michael Ghebru, highlighted that Pizza Hut…