Habesha Beer, Bunna Sport Club Renew Contract

Oct 3 , 2020


Habesha Beer S.C. has inked a 28.25-million-Br one-year sponsorship agreement with Bunna Sport Club as of last week. The brewer has been in partnership with the Club for the last eight years. Habesha Beer will inject 18 million Br directly into the club and 500,000 Br into each of the annual four events the Club organises. For this contract year's Bunna Family Running, an annual event organised by Bunna Sport Club, the brewer will finance the event for 3.8 million Br and spent 4.5 million Br on t-shirts for supporters. If Bunna Sport Club wins the Ethiopian Premier League, the brewer will award it with 2.7 million Br. Launched five years ago with 8,000 shareholders, Habesha Beer S.C. launched its first non-alcoholic beverage, Niguss Malt, two weeks ago. Brewed in its Debre Birhan brewing factory, it came out with a new product line dubbed Kidame Beer.


Radar

Ministry Secures $86m Grants

An 86.18 million dollar grant agreement was signed between the Ministry of Finance, UNICEF and UNFPA last week to support the agencies' ongoing country programs for the fiscal year. Out of the total grant, UNICEF committed 70 million dollars to support its water, nutrition, education, health, sanitation, child protection, and gender projects. Meanwhile, UNFPA pledged 16.1 million dollars for family planning, maternal health, adolescent and youth development, and gender equality and women empo...


Radar

Authority Reports Fuel Import Stats

Ethiopian Petroleum & Energy Authority (EPA) disclosed that 3.2 million tons of fuel were imported into the country during the last fiscal year. The figure includes 2.04 million tons of diesel and 767,672tns of benzene. In the past fiscal year, the digital payment system, Telebirr, facilitated transactions totalling 103 million volumes worth 61.8 billion Br. Of these transactions, 81.39pc were for diesel, while 17.82pc were for benzene. The number of fuel stations increased from 682 to...


Radar

Commercial Bank Collects $3.2b in Foreign Currency

The Commercial Bank of Ethiopia (CBE) announced robust performance in foreign currency collection for the past fiscal year, achieving 3.2 billion dollars in total mobilisation. This includes 2.07 billion dollars in remittances, with the Bank's Diaspora banking service and CBE Birr contributing 89.9 million dollars to the total. The performance details were shared during CBE's annual review meeting last week. "This achievement is particularly gratifying given the challenging economic climat...


Back
WhatsApp
Telegram
Email