Ethiopia Seeks Bids for Coffee Farm, Other State-Owned Companies

(Bloomberg): Ethiopia’s government invited bids for six state-owned enterprises as part of a plan to raise 1 billion Ethiopian birr ($55.1 million) this fiscal year by selling assets to private investors. Among... Read more »

Diageo Wants to Cover 50% of Ethiopian Beer Market

Diageo Plc (DGE), the world’s biggest liquor maker, wants to boost its share of Ethiopia’s beer market to 50 percent from the current 15 percent as it completes the acquisition of a... Read more »
Diageo buys Meta abo brewery for $35 million dollars

Meta Abo Brewery and Ras Hotel Bid Result Approved, Diageo buys Meta Abo for $35 million

The Privatization and Public Enterprises Supervising Agency (PPESA) board approved the bid results for Meta Abo Brewery, Addis Ababa Ras Hotel and other public enterprises. The board, chaired by Aster Mamo the... Read more »

Diageo Plc, Buys Ethiopian Brewery Meta Abo for $225 Mln

Diageo Plc, a London based global alcoholic beverages company, bought Meta Abo, a state-owned brewery for 225 million dollars. Late in August the Ethiopian government had floated an auction for Meta Abo... Read more »