Habesha Brews Second Product

Feb 16 , 2019


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

Parliament Nods Loan Agreement with South Sudan

In a parliamentary session last week, MPs approved a 738-million-dollar loan agreement with South Sudan. The federal body ratified the proposed bill which looks to establish road infrastructure linking the two countries. The project aims to create accessible transport routes that will enable trade, reduce logistical bottlenecks, and facilitate the movement of goods and people across borders. It is expected to be managed collaboratively, with the South Sudan Roads Authority overseeing activities...


Radar

AfCFTA Strides, National Implementations Fall Behind

The 15th Council of Ministers Meeting of the African Continental Free Trade Area (AfCFTA) convened in Addis Abeba last week, bringing together stakeholders to discuss boosting trade integration and sustainable development on the continent. The AfCFTA aims to transform small and fragmented markets into a single market of over 1.4 billion people, looking to ensure heightened growth and development. It will enhance Africa's collective bargaining power on the global stage and aligns with the commitm...


Radar

MOENCO Moves to Control BYD Ethiopia Presence

MOENCO, a subsidiary of Inchcape Plc, has partnered with BYD to become the official distributor of the latter's electric and hybrid vehicles in Ethiopia. This is Inchcape's third partnership with BYD, as the company already distributes BYD vehicles in Singapore, Belgium and Luxembourg. MOENCO will begin offering the vehicles in December 2024. The company stated it will provide comprehensive sales and after-sales support, including warranty, genuine spare parts, and quality maintenance. Moenco, o...


Back
WhatsApp
Telegram
Email