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




Habesha Beer, Bunna Sport Club Renew Contract

Oct 3 , 2020


[ssba-buttons]

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

MIDROC Picks Austrian Firm for Metekel Plant Machinery

MIDROC Gold Mining has contracted Austria-based CEMTEC (Cement & Mining Technology GmbH) to supply and install equipment for a new gold processing plant in Metekel Zone, Benishangul-Gumuz Regional State. Designed to process up to 1.25 million tn of gold-bearing ore a year, the facility is part of MIDROC's expansion in the area. Under the agreement, CEMTEC will manufacture the plant's key processing machinery and install it at the MIDROC Metekel Gold Plant. The equipment is scheduled for c...


Radar

Food Prices Push Inflation to 15.3pc

Ethiopia's inflation rate rose to 15.3pc in July 2026 from 13.7pc in the same month last year, reaching its highest level in the 13-month period covered by Ethiopian Statistics Service data. Food and non-alcoholic beverages exerted the greatest pressure on consumer prices, with inflation reaching 15.7pc. The increase was driven largely by higher prices for vegetables, meat, dairy products and eggs, fruit, oil and butter, sugar, honey and chocolate, bread and injera. Sugar, honey and chocol...


Radar

State Enterprises Post Revenue Gains in EIH Review

Ethiopian Investment Holdings (EIH) concluded the fourth day of its 2025/26 EFY Annual Performance Dialogue at its headquarters, reviewing key state-owned enterprises overseen by Deputy CEO Habtamu Hailemichael. The dialogue began on August 24, 2026, with the Development Bank of Ethiopia recording a 60pc increase in operating income to 15.9 billion Br. Despite structural and operational difficulties, Ethiopian Mineral Corporation reported year-on-year revenue growth of 48pc to 5.7 billion dol...