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…
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…
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…
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…
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 - 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…
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…
ETHIOPIA - A committee formed by experts, from trade and consumer protection bodies in a bid to reduce the ever-growing food inflation in Ethiopia became operational as of February 9, 2018. It was formed by a high-level committee that was established by the Prime Minister’s Office back in November, composed of teams from the National…
EHIOPIA - Sabir Argaw and his former partner Wilmar Group, in dispute over a share buyout for the past one year, have set out for another battle at the Cassation Bench. The Case reached the Cassation Bench two months ago when Wilmar appealed to the Bench displeased with the Supreme Court’s order in Sabir’s favour,…
ETHIOPIA - The headline inflation, an indicator of the cost of living, that had stagnated at 13.6% for the past two months showed a slight downtick to 13.4% in January 2018, according to the Central Statistical Agency (CSA). In the last two months of 2017, the headline inflation was 13.6%, but it went down in…
