ETHIOPIA – Kegna Beverages S.C., an Ethiopian-owned beverage company, has announced that the first phase of its brewery project in the West Shoa Zone of Oromia State is nearing completion.
The company, which started with an initial capital of Birr 1.5 billion (US$13.5M), has since expanded its investment to Birr 5 billion (US$45.0M).
The brewery, occupying 109.075 hectares, is a key component of Ethiopia’s Agriculture Development-Led Industrialization (ADLI) strategy.
The project is expected to significantly contribute to the nation’s economic growth by creating substantial employment opportunities and driving development across various sectors.
The new brewery will be used to brew beer and other beverages like juice and bottled water. As part of this expansion, Kegna Beverages signed a deal with Krones AG in 2021 for the supply and installation of brewery machinery.
Kegna Beverages emphasized that comprehensive financial, economic, social, and environmental assessments were conducted prior to the commencement of construction, ensuring the project’s long-term viability.
Despite facing challenges such as the COVID-19 pandemic, economic instability, and a shortage of foreign currency, the company has successfully completed the first phase of the project.
Founded in 2017, Kegna Beverages is fully Ethiopian-owned and managed, with a focus on producing a diverse range of beverages, including both alcoholic and non-alcoholic drinks.
The completion of the first phase positions Kegna Beverages as a key player in Ethiopia’s growing beverage market, aligning with the country’s rising demand for alcoholic drinks, which is projected to reach 27,000 metric tons by 2028, according to ReportLinker.
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