Karel Turkish Telecom Company to Join Ethiopian Market

Karel, Istanbul based Private Branch Exchange (PBX) manufacturer plans to expand its market in Ethiopia.  To introduce the product experts from the company came to provide technical training for... Read more »

British Alecto Buys into Ethiopia Rift Valley Resources

Alecto Minerals Plc, a British-registered mining company involved in gold exploration in Ethiopia, has acquired shares of Ethiopia Rift Valley Resources Ltd, a local mining company, for 9.7 million... Read more »

Alecto Minerals acquires Ethiopian gold and emerald licence

LONDON (SHARECAST) – Alecto Minerals, the AIM listed resource investment company focused on Africa, has acquired Tanzanian mining company Rift Valley Resources, for an initial consideration of 409,200. The... Read more »

Castel to Export French Wine from Zeway

A leading French wine maker, Castel Winery plans to begin bottling wine for export starting early next year from its Battu (commonly known as Zeway) based vineyard. It is... Read more »

PepsiCo Makes Profit While Supporting the Ethiopian Chickpeas

PepsiCo (NYSE: PEP) has announced its partnership with the United States Agency for International Development (USAID) and the World Food Program (WFP) in order to launch the Enterprise EthioPE.... Read more »

Foreign firms invest over US$6 bn in potash mining in Ethiopia

Five foreign companies have invested about US$6.5 billion in the Ethiopian potash mining industry, the country’s Ministry of Mines has revealed. BHP Belton World Exploration Ethiopia, G and B... Read more »

Nigeria’s Dangote to build cement plant in Ethiopia

Addis Ababa (Reuters) – Nigeria’s Dangote Group , which has seen a rapid expansion on the continent, has signed an agreement to set up a $400 million cement plant... Read more »

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... Read more »