Agriculture enterprises to benefit from new USAID, Awash bank finance partnership

ETHIOPIA — The U.S. Agency for International Development (USAID) and Awash Bank have announced a new partnership that will make up to US$6.4 million in financing available to microfinance institutions and small- and medium-sized agricultural […]

Ethiopian government to review the new excise tax rate on bottled water

ETHIOPIA – The Ministry of Finance of Ethiopia is reviewing the new excise tax rate imposed on bottled water following strong resistance from water bottlers. Through their association, water bottlers strongly opposed the 15pc excise […]

Ethiopia’s food and agro processing industry set to receive US$7.17m investment

ETHIOPIA – An edible oil refinery plant and an agro-processing plant are set to break ground in Benishangul-Gumuz Regional State in Ethiopia with a combined investment of 230 million Br (US$7.17m) from two farmers unions. […]

Oromia Coffee Farmers Cooperative Union establishes US$1.5m coffee processing complex

ETHIOPIA – The Oromia Coffee Farmers Cooperative Union in Ethiopia is set to commission its first coffee roasting and packaging complex at Gelan town in Oromia Regional state. The coffee roasting complex worth 50 million […]

IFC invests US$55.9M in Habesha Breweries, boosting Ethiopia’s barley industry

ETHIOPIA — The International Finance Corporation (IFC) has extend US$55.9 million financing to Habesha Breweries S.C., a beverage manufacturer in Ethiopia to help the company expand its operations and increase local barley sourcing from smallholder […]

PepsiCo acquires majority stake in Ethiopian Crisps processing company Senselet

ETHIOPIA – PepsiCo, one of the world’s leading food and beverage companies has acquired majority stake in Senselet Food Processing Plc in Ethiopia from Veris Investments, a growing and influential investment company, who will maintain […]

Tulip Addis Water set to introduce simple water filters into the Ethiopian Market

ETHIOPIA – Tulip Addis Water, a local manufacturer that specialises in water treatment technology, invested 60 million Br (US$1.89m) to set up a tabletop water filter company in Debre Birhan, Amhara Regional State, reports Addis […]