Wednesday, January 25, 2023

Tag: Beer

Castel announces acquisition of Zebidar’s controlling stake

Castel Group has announced on Saturday that it has finalized the acquisition of 58 percent of Zebidar Brewery S.C. in a deal concluded with...

Heineken says it will not consolidate the beer market

With the local beer market in a stiff competition to interest the pocketbooks of the ever-increasing beer drinking population and BGI Ethiopia scooping little known brands, Heineken Ethiopia has confirmed it will not follow its competitor’s trend and take part in an increasing consolidated beer market.

Breweries jack up retail prices 

Local breweries in Ethiopia are set to introduce price adjustments (increases) to their products starting today, The Reporter has learnt. BGI Ethiopia, the bottler of St. George and other brands, for instance, has already started distributing its products under the adjusted price.

BGI considering Zebidar takeover

After the recent buyout of Raya Brewery by BGI Ethiopia, the latter is mulling over acquiring the shares of Zebidar Brewery, a new entrant...

BGI brewing 2.5 bln birr Raya takeover

BGI Ethiopia has offered 2.5 billion birr to fully acquire Raya Brewery, a brewery established five years ago, in which BGI is the majority shareholder.

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Sport commission signs deal to renovate Addis Ababa stadium

The Ethiopian Sports Commission signed an agreement with Friends Engineering PLC on Thursday, June 17, 2021 to renovate Addis Ababa stadium.

Liquidity shortage returns, new loan applications halt

Banks have been compelled to halt considering new loan...

Fixing Addis light rail may cost at least $60 million

Lack of spare components has idled 23 trains About USD...

Cash shortage forces Tigray banks to limit withdrawals

Reopened branches of banks in Tigray introduce a withdrawal...

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