Thursday, March 30, 2023

Tag: BGI

BGI gets 650 mln birr loan for Raya acquisition

Dashen Bank SC has provided a loan of 650 million birr to BGI Ethiopia for the payments the latter will make for the purchase of the shares of Raya Breweries, The Reporter has learnt.

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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New central bank’s governor reveals priorities to get economy back on feet

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A home away from home

As Rastafari around the world join Ethiopia in commemorating the 1896 victory at the Battle of Adwa, the repatriated community in Shashemene received news that the government is now ready to begin the process of granting permanent residence to those with valid passports

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