Dashen Brewery Inaugurates 1.7b Br Expansion Projects

May 14 , 2022


[ssba-buttons]

Dashen Brewery S.C. has inaugurated a 1.7 billion Br project to expand its plants in Gonder and Debre Birhan in the Amhara Regional State. The brewer began operations at its plant in Gonder, 750Km north of Addis Abeba, in 2000. The company invested 300 million Br in the plant, which had the capacity to produce 800,000 hectolitres of beer. The expansion project inaugurated last week has pushed it to 1.2 million hectolitres. Its second plant in Debre Birhan went operational in late 2015 with the capacity to brew two million hectolitres annually. Elmi Olindo Contractors Plc, a local company incorporated in 1937, undertook the construction work with two consultancy firms, MH Engineering Consultancy and PTS, hired for supervision. The Debre Birhan plant has seen its facilities upgraded, enabling it to produce 3.2 million hectolitres a year. Dashen Brewery was wholly owned by Tiret Corporate, established as an endowment organisation in 1995 in Bahir Dar with an initial capital reserve of 26.1 million Br, until 2012. That year, Duet, a UK-based investment firm, bought a 51pc stake in the brewery. Duet is a global alternative asset manager founded in 2002 with over 2.4 billion dollars in equity.


Radar

State-Owned Enterprises Deliver, But Fund Seeks More from Underperformers

Ethiopian Investment Holdings (EIH), the country's sovereign wealth fund, closed its annual performance review with a mix of strong gains and lingering concerns across its portfolio of state-owned enterprises. Ethiopian Shipping & Logistics led the year with 4.5 million tons of cargo, driving revenues up 90pc and doubling pre-tax profit. Sugar production from Wonji Shoa, Metehara, and Fincha climbed 34.8pc to 163,290 tons, nearly doubling revenues to 15.6 billion Br, though EIH flagged ch...


Radar

MIDROC Cocoa Drive, Local Production Focus on Value Addition

MIDROC Investment Group is placing a bold wager on cocoa in the lowlands of Sheka. Building on extensive trials at the Bebeka Coffee State Farm, the company has introduced globally prized Forastero, Trinitario, and Criollo varieties alongside coffee. "The results are astonishing," said General Manager Beshada Worku, pointing to international prices that range from 8,200 to 14,000 dollars a ton. The project's first phase covers 50 hectares, with 44,000 seedlings already planted. Expansion to ...


Radar

Bureau Maps Out 1,700 Land Rights in a Month

The Rights Registration & Holding Service Directorate under the Bureau of Land Development & Administration prepared over 1,700 landholding certification maps in a single month. The update came during the bureau's July performance review, which measured progress against the upcoming fiscal year's targets. Director Tesfamichael Endale said efforts are being scaled up to give farmers secure land rights and quicker certification. Deputy Head WendwossenBanjaw added that the priority ahead...