Coca-Cola launches diet cola in Ethiopia to expand healthy beverages offering

ETHIOPIA – The Coca-Cola Company officially introduced the diet cola, ‘Coca-Cola Without Sugar’ in Ethiopia, joining the 160 countries globally where the brand is currently being sold. The launch portrays the company’s continued investment and […]

Consultants suggest complete reconfiguration of Ethiopian sugar industry

ETHIOPIA – Consultants hired to shape the future sugar sector in Ethiopia have urged the government to remove the existing 33 percent excise tax levied on local producers, reports The Reporter. In a public consultation […]

Coca-Cola, Dangote eyeing stake in Ethiopian Sugar industry

ETHIOPIA – In the wake of privatizing Ethiopia’s state-owned sugar plants and properties, heavyweight industry players are joining the race with Coca-Cola Company under its subsidiary in Ethiopia and Nigeria-based Dangote Group expressing their interest. […]

Ethiopia drafts bill to amend excise tax law on alcoholic and soft beverages

ETHIOPIA – Ethiopia’s Ministry of Finance has presented a bill to the Council of Ministers to amend the nation’s excise tax law in an effort to standardise taxation of alcoholic products, soft beverages and other […]

Ethiopia secures US$451m in funding to help farmers adopt to climate change

ETHIOPIA – International Fund for Agricultural Development (IFAD) and Ethiopia have signed an agreement to fund the Lowlands Livelihood Resilience Project by injecting US$451m funded through a combination of debt and grant. The financing agreement […]

Ethiopian biscuit producer Ahadukes secures backing from PE firm Zoscales Partners

ETHIOPIA – Ahadukes Food Products, producer of mainstream and premium biscuits for the Ethiopian domestic and export markets, has secured an investment from Zoscales Partners (ZP), a private equity firm with impact in East Africa through […]

IFC, GAFSP invest US$22m in Ethiopia’s Soufflet to boost local malt production

ETHIOPIA — The International Finance Corporation (IFC) and the Private Sector Window of the Global Agriculture and Food Security Program (GAFSP) have announced a US$22.33 million (€20 million) investment in Soufflet Malt Ethiopia to help […]

Ethiopia Trade Ministry to fashion the National Laboratory with equipment worth US$5m

ETHIOPIA – Ethiopia’s Trade Ministry will be equipping the National Laboratory with Laboratory equipment worth US$5m to be procured with financial support from the World Bank. The equipment will be used for standardisation, accreditation and […]

Ethiopian government flags off construction of US$167m irrigation projects

ETHIOPIA – Ethiopia’s Ministry of Water, Irrigation & Energy has began the construction of three irrigation dams in Oromia Regional State, Southern Ethiopia at a total cost of 4.9 billion Br (US$167m). Located in Chelchel […]