Meta Abo Gets New Manager

Dec 19 , 2018

Meta Abo Brewery, a Diageo company, announced the appointment of Stephen Nirenstein as its new managing director of Ethiopia, replacing Baker Magunda, who moved to Guinness in Nigeria. Nirenstein has been with Diageo for the past 17 years and has worked in various positions from Brand Analyst in South Africa to Financial Controller in Nairobi. “I am excited to be in Ethiopia and join the Meta family,” said Nirenstein. Diageo is a global company that operates in more than 180 countries with brands that include Johnnie Walker, Crown Royal, J&B, Buchanan’s, Smirnoff and Guinness. Meta Abo Brewery, once a state-owned brewery, was acquired by Diageo in January 2012. Diageo acquired the Brewery for 225 million dollars and since then has invested 119 million dollars into its expansion.


Ethiopian Seafarers Contribute $50m Annually in Remittances

Ethiopian Maritime Authority disclosed 50 million dollars in annual remittances from seafarers deployed internationally. Abdulber Shemsu, the director general of the Authority, said Ethiopia's membership in the International Maritime Organisation (IMO), establishes global standards and guidelines for safe, secure, and environmentally sustainable shipping practices. With 176 member countries and three associate member countries, including Ethiopia, the IMO provides a framework for ensuring...


AfDB Launches $1.5m Initiative to Propel Agro-Industrial Parks

A 1.5 million dollar initiative for the development of three Agro-industrial parks was commenced last week. Financed by the African Development Bank (AfDB), the project includes feasibility studies, a master plan, and an environmental and social impact assessment. The Phase Two project, which includes capacity building for stakeholders, was initiated last week with an agreement between Semereta Sewasew, state minister for Finance and Gunther Beger, managing director of UNIDO. Semereta said...


Cabinet Approves Public Service Legislation

Council of Ministers has unanimously approved the legislation that aims to raise the competency and professionalism of public service in the country. The Federal Civil Servants Proclamation is pending ratification from Parliament. The decision was made during the 30th meeting of the Cabinet last week, which follows the ratification of the public service and administrative policy. Currently, the 176 federal agencies within 22 ministries, collectively employ around two million people. The polic...