Habesha Brews Second Product

Feb 16 , 2019


[ssba-buttons]

Habesha Breweries S.C is launching a new alcohol-free beverage, Negus, starting this month. Brewed in Habesha’s Debre Berhan plant, Negus will initially be made available for markets in Addis Ababa and Debre Berhan. The launch of the new product comes three years after Habesha hit the market, according to Zewdu Nigate, CEO for Habesha Breweries. Habesha Breweries was founded in 2009 by about 8,000 shareholders and started brewing Habesha Beer in 2015. Two years ago Habesha had a 43.3-million-dollar expansion to beef up production capacity from 650,000 hectolitres to 1.5 million hectolitres.


Radar

Korenti, Agelegel Microfinance Ink EV Financing Deal

Korenti Auto Trading PLC has signed a strategic agreement with Agelegel Microfinance to provide accessible financing options for electric vehicle (EV) buyers. The partnership seeks to ease EV ownership by offering fair pricing and loan packages with affordable rates. The initiative supports Ethiopia's push for clean transport and aligns with national sustainability goals. Korenti's managing director said the move reflects the company's commitment to expanding electric mobility. Customers can now...


Radar

NBE Leads Week-Long Bank Supervision Application Forum

The National Bank of Ethiopia (NBE) is hosting a week-long Bank Supervision Application (BSA) User Group meeting that began on July 7, 2025. The BSA system, developed by a pan-African consortium of central banks including the NBE, automates supervisory work for financial regulators. NBE will take over the rotating BSA chairmanship in September. Opening the session, Frezer Ayalew, Director of Bank Supervision, stressed the need for modern tools to handle growing regulatory demands amid cyberse...


Radar

Six Fuel Companies Banned, Seven Warned, Authority Noted Illicit Activity

The Ethiopian Petroleum & Energy Authority has taken disciplinary action against 13 fuel distribution companies for illegally trading 2.8 million litres of fuel outside the digital system in the past two months. Six firms face a one-month suspension from the fuel import and trading market, while seven others received final warnings and must rectify their operations within a month. Director General Destawe Mekwanant (PhD) said the companies failed to monitor fuel stations and ensure proper...