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.


Geda Special Economic Zone Receives Prospective Tenants

East African Holding and Ethio-Chicken have been shortlisted to invest in the Geda Special Economic Zone(GSEZ), located in the tri-state area shared by Mojo, Adama, and Shashemene cities within the Oromia Regional State. The two companies were selected from 120 investors who showed interest in acquiring space in one of the largest SEZs in Africa. Close to 404hct of land has already been developed in the expansive economic zone, out of a potential 24,000 hectares, with lease prices set between...


Standard Institute Revamps Fees, Board Restructuring

The Ethiopian Standards Institute (ESI) is set to introduce fees for standards sticker, establish a new governing board, and address collaboration with other regulatory bodies. The Institute plans to strengthen its financial standing by charging fees for standards and product certification services to support its operations and annual budget. A key change involves replacing the current Council of Standards with an 11-member Board of Directors. The Minister of Trade & Regional Integration...


Safaricom Ethiopia Rolls Out its Network to Tigray

With 125 self-built towers, Safaricom Ethiopia has launched its operations in the Tigray Regional State. Executives disclosed plans to invest in an additional 166 towers and expand their reach to the remaining towns. "This is the most exciting milestone in Tigray since the return of social services," said Getachew Reda, president of the Interim Regional State Administration. In July 2021, the consortium-backed telecom giant entered Ethiopia's market, historically dominated by state-owned E...