BGI Expands Meta Abo Brewery with 550m Br

Feb 18 , 2023


Meta Abo Brewery's expansion with over half a billion Birr investment was launched last week by BGI Ethiopia. The investment is expected to reequip, renovate and expand the Brewery, the newly appointed Chief Executive Officer, Herve Milhade, disclosed at a press conference held at the factory’s plant in Sebeta. BGI invested in manufacturing equipment, including a heavy-duty generator with a three-megawatt capacity, with the goal of making Meta's production capacity 30 million litres a month. Established in 1998 as a state-owned Brewery, the company acquired by the French interest in the 2010s received approval to add Meta Abo Beer to its portfolio a month ago. Under Groupé Castel's large-scale brewing and beverage production wing that operates internationally in more than 53 countries, BGI has hired 1500 people in Sebeta.


Radar

Coffee Exports Bring in $1.5B in Third Quarter

Ethiopia has earned 1.5 billion dollars from coffee exports over the nine months of the fiscal year. The country had set a target to earn a little over a billion dollars by exporting 201,959tns of coffee during the same period. According to Adugna Debella (PhD), director general of the Ethiopian Coffee & Tea Authority, the export strategy continues to focus on major international markets, with the top 10 destinations, including Saudi Arabia, Germany, and the United States (SU), accounting...


Radar

Central Bank Holds Fourth Exchange Auction

The National Bank of Ethiopia(NBE) sold one dollar for 131.4961 birr in its recent auction. It was reported that 26 banks participated in this auction, which took place last week on Thursday. In a statement issued by the National Bank  following the auction, it was indicated that 70 million dollars was offered for the event. Subsequently, it was reported that 96 pc of the foreign exchange needs of the participating banks were met. In the previous auction, held 15 days ago, the bank had of...


Radar

City Registers 64,075 Births in Fiscal Year

The city has exceeded its birth registration target for the first nine months of the fiscal year, registering 64,075 children—71.15pc more than the set goal of 58,342. This success, with a registration coverage rate of 109.63pc, is largely attributed to the efficiency of the one-centre birth registration service system, which has been rolled out across health centres and courts. The total number of vital events registered, including births, adoptions, marriages, divorces, and deaths, reache...