Kangaroo Plast joins brewery business
Kangaroo Plast, an established local family owned company opened the newest beer manufacturing plant in Ethiopia, with an investment amount of USD 88 million. The brewery will be inaugurated, next month.
The beer manufacturing plant, which has the brewing capacity of 1.6 million hectoliters and the packaging capacity of 800,000 hectoliters, has already started producing a new beer brand, which will soon be available to the public, following the official unveiling ceremony. Opening this beer manufacturing plant is the newest business venture for the Kangaroo group.
“The steady growth of the Ethiopian economy coupled with the investment opportunities has made this an attractive venture for us. Our family has always wanted to invest in the beer industry, so opening this brewery is the result of a long-standing dream, initiated by my brother Belachew,” Ephrem Yirga, Board Chairman of Kangaroo Plast, said.
Kangaro Plast’s has joint ventured with United Africa Beverages Company, based in Mauritius, which has vast experience in the beer industry. (Press Release)
Ethiopia, Russia plan to sign nuclear energy deal next month
Ethiopia and Russia plan to sign a number of cooperation agreements on trade, tourism and nuclear cooperation at an intergovernmental commission meeting in Addis Ababa in April.
Mehreteab Mulugeta, the director general for European Affairs at the Ethiopian Foreign Ministry, held talks with Andrei Kemarsky, the director of the Russian Foreign Ministry’s Department of Africa, in Moscow on Tuesday.
In an interview with Sputnik, Mehreteab said the sides “discussed pending agreements to follow up on their preparedness for the next intergovernmental commission to be signed.”
“There are different agreements. There are agreements on the promotion of trade and investment between our two countries, on trade and industry, there is an agreement on customs cooperation between our two countries, there is an agreement on the peaceful use of nuclear energy, on the promotion of the tourism sector,” the director general said, adding that the work to make these deals ready for the April meeting was still underway.
Ethiopia and Russia have more than 100-year-old relationship. (FBC)
Ethiopia launches 2nd National Electrification Program
Ethiopia has launched the updated version of National Electrification Program (NEP).
The program was launched at ‘Africa Energy Forum: Off the Grid’ and ‘Regional Energy Co-operation Summit’ in Addis Ababa on Wednesday.
This is the first updated of the NEP, first launched at the end of 2017 with a programmatic framework for achieving universal access by 2025 with targets and timetables, roles and responsibilities of sector institutions, and a sector-wide approach for the coordination of activities and harmonization of sector planning for electrification.
In the NEP 2.0, the government provides an update on the progress achieved over the past year and provides a detailed framework for the integration of off-grid technologies with grid connectivity, leveraging on both public and private sector efforts for the achievement of 35 percent of off-grid access by 2025.
Scale-up of off-grid technologies entail both off-grid solar and mini-grids, and the Ministry of Water, Irrigation and Energy with the Ethiopian Electric Utility have already launched 12 mini-grid pilots across the country with potential for scale-up. (FBC)
Denmark extends USD 4.5 mln to support governance, women empowerment
Danish Minister for Development Cooperation signed today 4.5 million USD agreement with UNDP and UN Women to support the work of agencies in areas of governance and gender in Ethiopia.
Of this, over USD three million was donated to UN Women with the view of preventing and responding to violence against women and girls as well as empowering women in representation and leadership in Ethiopia.
The rest 1.4 million USD is given to UNDP to Supporting Elections for Ethiopia’s Democracy Strengthening (SEEDS) project.
During the signing ceremony, Danish Development Cooperation Minister, Ulla Tornaes said the support is mainly aimed at empowering women in different levels of leadership and making sure that women, people with disability and minorities will take part in the upcoming election.
Sharing her observation here, Tornaes stated: “As I reflect upon the last three days that I have spent here in Ethiopia, what strikes me most is the potential and willpower of the women I met.” (ENA)