European investors pump US$12.4m in a new liquor plant in Ethiopia

ETHIOPIA - European investors have pumped US$12.44 million into the establishment of a new liquor factory, Komari Beverages Plc in Amhara Regional State, reports the AddisFortune. Komari Beverages Plc, the 13th liquor processing plant in the country will have a production capacity of bottling and packaging 27,000 bottles an hour, processing whiskey, rum and vodka.…

Cargill reports financial results for fiscal 2018 third-quarter

MINNEAPOLIS - Cargill has reported financial results for the fiscal 2018 third quarter and first nine months ended Feb 28, 2018, reporting a 22% decrease in its net income from last year’s US$715 million. According to the company, these earnings included a net charge of US$161 million related to the recently enacted U.S. Tax Cuts…