Unilever Welcomes New General Manager


Unilever Welcomes New General Manager

Unilever has appointed George Owusu-Ansah as a new general manager to oversee its operations in Ethiopia. At 59 years old, George brings over three decades of experience in supply chain, customer development, procurement, and management. As a multinational behemoth operating in over 190 countries, Unilever set foot in Ethiopia in 2014. The Company's annual tax contributions exceed two billion Br, making a major impact on the economy. Operating in the Eastern Industrial Zone, Unilever Ethiopia produces brands such as Lifebuoy, Omo, Knorr, Sunlight, and Signal, with a workforce of 7,000 locals. George, a father of two, originates from Ghana, leveraging extensive experience from his successful tenure across Africa and Asia. He prioritises "talent development and building a globally competitive team" as his main focus.


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EIH Sets Stage for Integrated Farming Development

Ethiopian Investment Holdings (EIH) and its subsidiary Ethiopian Agricultural Business Corporation (EABC), and Asset Green have finalized a Shareholders Agreement (SHA) to jointly develop an integrated dairy and commercial farming project. The deal, valued at approximately USD 600 million, will be executed in two phases with the first developing a dairy farming and processing operation on 15,000hct alongside integrated feed farming to secure a sustainable supply chain. The second phase will expa...


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Electric Utility Gets New CEO

A leadership change at Ethiopian Electric Utility (EEU) has been implemented by Ethiopian Investment Holdings (EIH) with Shiferaw Telila replaced by Getu Geremew as the new CEO. Shiferaw held the role since 2018. At EEU headquarters, Brook Taye (PhD) stressed the need for quality, corruption-free service and zero blackouts. Acknowledging past service shortcomings, Getu offered an apology to customers and stakeholders. He pledged the company's dedication to improving electricity reliability an...


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CAPITAL BRIDGES

Tilahun Kassahun (PhD), CEO of the Ethiopian Securities Exchange shares a joyful moment with government executives. He is joined by Angela Rayner, UK Deputy Prime Minister, Hana Tehelku, director general of the Ethiopian Capital Market Authority, and Ahmed Shide, Minister of Finance, at the ESX headquarters in Nile Building. They celebrated the UK government's support in establishing the Exchange, which included a 760,000-dollar (600,000-UK pound) contribution via FSD Africa for a technical advi...