Diageo Ethiopia launches code system to spot counterfeit whisky

ETHIOPIA - Diageo Ethiopia, the owner of Meta Abo Brewery has launched a QR code system, an application that allows consumers to identify counterfeit whisky as well as authorized importers and distributors of the products, Addis Fortune has reported. Introduced by Diageo International, the parent company three years ago, the system enables consumers to scan…

Ethiopia’s oilseed sector expected to expand to meet growing demand

ETHIOPIA - Ethiopia’s production of oilseeds mainly sesame and soybeans is forecast to increase in the year 2018/19 basically as a result of growing demand for cooking oil and livestock feed, most notably soybean meal for poultry production, according to USDA’s June 14 GAIN report. Rise in production is expected to greatly contribute to the…

Ethiopia’s agri-startup blueMoon launches innovation laboratory with US$1.1m funding

ETHIOPIA - Ethiopia's first youth focused agribusiness startup incubator, blueMoon has launched an innovation laboratory deemed blueLab, geared at enhancing productivity as well as building capacity in the agricultural sector. According to the Herald, the establishment of the laboratory has attracted US$1.1 million funding from the Danish International Development Agency (DANIDA) in pledges. An agreement…

National Alcohol Factory receives US$131.3m acquisition offer in a privatization drive

ETHIOPIA - The state-owned manufacturer, National Alcohol & Liquor Factory (NALF) has received US$131.3 million acquisition offer from Lominat Beverage in the government’s move to privatize the company. Lominat Beverage Plc, also reported by the Fortune to be constructing a beverage bottling company in Modio town, offered the highest bid ahead of Pure Beverages Plc,…

France’s Malteries Soufflet Group to invest US$50m in a new malting factory in Ethiopia

ETHIOPIA - Malteries Soufflet, the malting division of the French family-owned business Soufflet Group plans to build US$50 million malt processing plant in Bole Lemi Industrial Park, Ethiopia. The plant, sitting on a 10,000sqm site will have a capacity of 60,000tn of malt a year, according to an article by the Fortune. The malting factory…

Food, Medicine Authority to decentralize for efficiency in product regulation

ETHIOPIA - The Food, Medicine Authority of Ethiopia considers decentralizing after the government revealed plans to re-establish the federal authority with a focus on product regulations, leaving services to other agencies, reported the Fortune. With the new bill awaiting approval and endorsement by parliament, the country seeks to restructure the Food, Medicine & Health Care…

East Africa eyes Southeast Asia’s meat market through Hong Kong

ETHIOPIA - East African countries have declared an interest in entering the Southeast Asia’s meat and live animals market via Hong Kong under the Intergovernmental Authority on Development (IGAD). In a statement, IGAD said penetrating the market through Hong could possibly eliminate the challenges its member countries are facing while exporting their products to MENA…

IFC launches food safety training to boost standards in Ethiopia

ETHIOPIA - The International Finance Corporation (IFC) has unveiled a new training programme on food safety management practices aimed at boosting standards at both local and international markets. The training which involves food producers, retailers, industry experts and policy makers also has a sole purpose of developing the country’s food processing industry and putting Ethiopian…

Ethiopian Edible oil producers unveils an association

ETHIOPIA - The Edible oil manufacturers of Ethiopia on 17 May 2018 launched their association dubbed the Ethiopian Edible Oil Producers Manufacturing Industry Association to articulate the interests of both foreign and local edible oil producers, reported AddisFortune. At the launch, close to 66 manufacturers and were present and nearly 100 companies signed on the…

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…