Bunge S.A to supply ‘cheaper’ wheat for humanitarian relief in Ethiopia

ETHIOPIA - Bunge S.A, Amsterdam based subsidiary of Bunge Limited has made the least offer to supply 35,000 tonnes of wheat for US$10.51 million meant for humanitarian assistance programme deemed Productive Safety Net Program. The program targets to reach 10 million food-insecure people, spending US$3 billion a year out of which 14% is funded by…

FrieslandCampina invests in Holland Dairy Ethiopia to boost its presence

ETHIOPIA - Royal FrieslandCampina, the Netherlands based multinational dairy cooperative has joined forces with Holland-based Veris Investments to invest in Holland Dairy Ethiopia in an undisclosed cash injection. Friesland Campina said they were investing in supply chain, production and market development as it seeks to expand its already existing presence in the Ethiopian dairy market,…

Case against Coca-Cola and Ambo Water over an illegal merger remanded

ETHIOPIA - Case by the Trade Competition & Consumer Protection Authority against bottlers of Coca-Cola and Ambo Mineral Water for an allegedly illegal merger has re-emerged, the tribunal sending the case back to the lower court for further proceedings, reported AddisFortune. The case, dating 16 June 2017 implicated that the two companies, Ambo Mineral Water…

Ethiopia’s National Alcohol & Liquor Factory launches new product ‘National Vodka’

ETHIOPIA - The National Alcohol & Liquor Factory (NALF) of Ethiopia has expanded its vodka portfolio by launching a new product ‘National Vodka’ into the local market. At the time of the launch, the AddisFortune reported that the alcoholic vodka product, which is a year in its making, will be available in the market in…

South Africa’s Bon Hotels doubles brand in Ethiopia

ETHIOPIA - Bon Hotels, SA’s hotel management and hotel group has doubled its brand in Ethiopia following a partnership with Bahiru Abraham to open an 82-room hotel in the country. The hotel, expected to be operational in six months’ period, would be managed by the company which signed a 15-years management deal with Bahiru, a…

Dairy firm to introduce Journalists Award to promote sector

TANZANIA - ASAS Dairies Ltd, a private dairy processing firm in Tanzania is contemplating on introducing Journalist Award to enhance growth in the sector by promoting existing opportunities as well as attract investments. According to Daily News, the award would motivate journalists to write more about prospective opportunities in the sector, in the long-run boost…

Local and Chinese firms compete for a bid to construct US$73.24m food reserves

ETHIOPIA - Both local and Chinese firms have come out to compete in a bid to construct over 50 silos worth US$73.24 million to be used for food reserves across Ethiopia. In November 2017, the Strategic Food Reserve Agency (SFRA) through Public Procurement & Property Disposal Services (PPPDS) placed the bid to construct three silos…

Ethiopian Authorities draft bill to safeguard bee farming and honey processing

ETHIOPIA - Ethiopian authorities have drafted a bill, waiting approval and endorsement from the Council of Ministers (CoM) seeking to regulate honey production and its value chain right from the farm to export. The graft grants bee farm owners, honey producers, wholesalers and exporters access to information on product quality, market price and the packaging…

Ethiopia Govt issues international tender to buy 400,000 tonnes of wheat

ETHIOPIA - The Ethiopian government has issued another international tender to buy about 400,000 tonnes of milling wheat, according to European traders. This was made after an earlier tender had been cancelled because the supplier failed to provide the US$10 million performance guarantee in early February. The delivery of the contracted wheat, which will likely…

Asella Malt Factory grabs one of the highest offers for privatisation

ETHIOPIA - Asella Malt Factory joins the list of public enterprises, grabbing the highest offer of US$48.8 million after the Ministry of Public Enterprises (MoPE) put it up for privatisation. The Factory joins the highest offer earner companies next to the US$944 million bid made by Japan Tobacco International for National Tobacco Enterprise (NTE) and…