Market News | FoodAgro Ethiopia 2018

Market News

  • Tanzanian State-owned NALF Launches New Brand of Alcohol

    Posted on :Friday , 4th May 2018

    The National Alcohol & Liquor Factory (NALF) has announced the launch of ‘National Vodka’ their newest brand of alcohol. This new range has been long-awaited and has been launched after a whole year of growing speculation. National Vodka hit shelves last month and is now easily available in stores.

  • Asella Malt Receives USD 48.8 Million Offer

    Posted on :Wednesday , 18th April 2018

    A huge bid of USD 48.8 million has been accepted for the  Asella Malt Factory after it was made available for purchase by the Ministry of Public Enterprises (MoPE). This move was a part of the present privatization drive ongoing in Ethiopia. The Asella Malt Factory, now joins a list of highest offer companies, following the USD 944 million offer made to acquire the National Tobacco Enterpr. . .

  • Ethiopia Largest FDI Recipient in Africa

    Posted on :Wednesday , 18th April 2018

    Federal Democratic Republic of Ethiopia President Dr. Mulatu Teshome said Ethiopia has transformed into the biggest recipient of Foreign Direct Investment (FDI) in Africa. 

     
    The seventh International Conference on Pulses, Oilseeds and Spices was under way with the subject 'Africa the future pulses and oil seeds supply'. Speaking on the event, President Mulatu sa. . .

  • Youth in Agribusiness the Focus of EU-Africa Business Forum

    Posted on :Wednesday , 29th November 2017

    The sixth EU-Africa Business Forum took place in Abidjan, Côte d'Ivoire on Monday. "Investing in Job Creation for Youth", was the focal topic at the occasion this year. 

     
    African Development Bank Group President Akinwumi Adesina took part at the event and spoke extensively at a high level forum at the occasion.  He called for a new thinking . . .

  • Ethiopia's poultry giants: From $3,500 start-up now hitting $1.6m in sales

    Posted on :Saturday , 22nd April 2017

    The high demand for poultry in Ethiopia is shaping the lives of a group of friends who came together in 2010 to start a poultry farm.

    In the capital Addis Ababa, Friendship Agroindustry is now the second largest supplier of chicken and other poultry products.

    The company was started after they put their personal savings together and took a loan of 3,500 US dollars . . .

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