Nestlé Introduces Cerelac Brand

Feb 27 , 2021


[ssba-buttons]

Nestlé, the global food and beverages company, has introduced its Cerelac baby food brand to the Ethiopian market. The products are now available in two flavours: Cerelac Wheat and Cerelac Banana, both of which are available at wholesalers, supermarkets, pharmacies and hospitals at the price of 120 Br. Cerelac is intended for infants six months or older and contains nutrients like vitamins A, B, C, Iron, Iodine, and Omega-3 fatty acids. Earlier in December, Nestlé launched its waste management programme to tackle plastic pollution in Ethiopia in partnership with a local sustainability consultant. The company aims to achieve plastic neutrality through collecting and processing an amount of plastic equivalent to that contained in its products sold in the country. Nestlé Ethiopia was established in 2006 in Addis Abeba, Ethiopia. It serves as the headquarters of Nestlé Horn of Africa Cluster.


Radar

Central Bank, Global Alliance Partner to Enhance Sustainable

The National Bank of Ethiopia (NBE) recently hosted a high-level meeting with representatives from the Global Alliance for Banking on Values (GABV) and selected member banks in anticipation of the 17th GABV Annual Meeting scheduled in Uganda. The meeting convened commercial bank representatives from Ethiopia, alongside a delegation comprising six GABV members, including Centenary Bank and Opportunity Bank Uganda, Amalgamated Bank, Sunrise Banks, City First Bank, and Merkur Cooperative Bank. G...


Radar

Commercial Bank of Ethiopia Adjusts Loan Interest Rates Amid Market Reforms

Commercial Bank of Ethiopia (CBE) has announced adjustments to its loan interest rates, effective March 7, 2025. Bank executives cited rising deposit mobilisation costs and the need to align with market standards as key factors influencing the decision, despite successful internal reforms that have reduced operational expenses. Executives noted that these adjustments are crucial for maintaining its competitive edge and ensuring the continued delivery of efficient services to its clientele. ...


Radar

Chemical Corp Posts Substantial Revenue, Profit Growth in 1Q

The state-owned Chemical Industry Corporation recorded a revenue of 2.53 billion Br in the first half of the 2024/2025 financial year. The Corporation reported a profit before tax of over half a billion Birr, which marks a considerable 182.6pc increase compared to the same period last year. Company officials attributed the growth result to enhanced market reach, effective cost-cutting measures, and optimisation of plant capacity utilisation. Year-on-year revenue growth was noted across variou...