New Brewery Joins Market

Mar 30 , 2019


Kangaroo Plast Plc, in partnership with Mauritius-based United Africa Breweries, has launched a new brewery with a capacity of 1.6 million hectolitres a year. The plant has an investment of 88 million dollars and will be operational in a month. “Our family had to work hard to make this dream a reality,” said Ephrem Yirga, chairman of the board of Kangaroo Plast. “The economic growth in the country and the good investment climate has enabled us to be successful.” Kangaroo Industrial Group is a family-run business founded by Yirga Haile and involved in real estate, manufacturing, agriculture and commerce.


Radar

High-Level Event Aims to Address Humanitarian Crisis

Development partners and government officials are expected to discuss improved humanitarian responses at a crucial event in Geneva, Switzerland this week. Co-hosted by the Ethiopian government and the UN Office for the Coordination of Humanitarian Affairs (OCHA), the primary goal is to secure pledges from both development partners and the government, according to officials. Millions face hardship due to conflicts, economic downturns, climate shocks, and disease outbreaks, according to a UN st...


Radar

Mastercard Announces Up to $2.5m Grants for Agribusinesses

Small and medium enterprises (SMEs) in the agricultural sector are poised for financial support as the Mastercard Foundation Fund pledges to award grants over the next three years. The Agribusiness Challenge Fund will award grants ranging from half a million dollars to 2.5 million dollars to qualifying businesses in Ethiopia and 19 other countries. According to Smita Sanghrajika, an engagement partner at the Foundation, agribusinesses have lacked the financial resources needed to scale up and...


Radar

Document Authentication Service Gets Fee Revamp

The Council of Ministers approved a new regulation for the Federal Document Authentication & Registration Service last week which introduces a two-tier fee structure for citizens and foreigners, with an overall increase. Beginning at 100 Br for citizens seeking document authentication for an assigning agency of single documents, the ceiling goes up to 500 Br while foreigners pay double these rates. Implementation of the new fees began this week. These changes come alongside a digitisat...


Back
WhatsApp
Telegram
Email