FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds




Awash Winery Propels Its New Brand of Cocktails

Aug 31 , 2019


[ssba-buttons]

Awash Wine S.C. has announced it’s newest wine cocktail named Dankira. Dankira, which is available in strawberry margarita and peach vodka flavours, is a wine cocktail with 6pc alcohol made from a blend of wine and natural fruit flavours. “We came up with Dankira, taking into account the request of our customers for a smooth product with less alcohol,” said Berhan Mengistu, brand and innovation manager of the company. According to Berhan, Dankira is available in 330ml bottles and is distributed in selected restaurants and hotels across Addis Abeba costing up to 30 Br. According to a statement issued by the company, the launch of Dankira was possible because of the investment made by Awash S.C. in a new state-of-the-art production facility located in Addis Abeba. The company has invested two million dollars to expand the project, which triples the annual capacity of the winery.


Radar

Creditors Open Way for Ethiopia's Eurobond Restructuring

Ethiopia has cleared a key hurdle in restructuring its one billion dollar Eurobond after the Official Creditor Committee (OCC) approved the latest agreement with private bondholders. The OCC said the deal meets its “comparability of treatment” principle, allowing the government to proceed with restructuring the bond, which matured in 2024. The approval follows renewed negotiations after official creditors rejected an earlier agreement reached in January. Under the new agreement, reache...


Radar

University Cutoff Leaves Most Exam Takers Behind

Only 70,544 students, or 12.8pc of those who sat the Ethiopian Secondary School Leaving Certificate Examination (ESSLCE), scored above the 50pc threshold required for university admission. Education Minister Berhanu Nega (Prof.) disclosed the results during a press briefing last Saturday. Nearly 32pc of the successful candidates were from Addis Abeba, giving the city the highest share. Oromia Regional State followed, while Amhara Regional State accounted for the remaining share. The res...


Radar

Dairy Drive Turns to Farmers to Cut Import Reliance

A five-year dairy project targeting 350,000 farmers has increased average milk production per cow by 3.8 litres a day, supporting Ethiopia's effort to replace imported dairy products with domestic output. The Ministry of Agriculture leads the initiative in collaboration with SNV's BRIDGE Plus project. It combines cow-focused advisory services, technology, market links and farmer capacity-building to raise dairy productivity. The work has centred on helping farmers produce surplus milk for sal...