The well-known worldwide brewer Heineken has reached an agreement to acquire the ownership of the relatively new but well-liked spirits brand Arada, produced by Komari Beverage, Capital has learned.
According to sources, the firm that was founded by Ethiopian businesspeople who wanted to create an Ethiopian beverage brand has decided to sell the beverage company for an undisclosed sum of money.
The deal according to our sources was concluded last week and will be officially announced in the presence of a regional director of Heineken in the next couple of weeks.
Arada has quickly made a name for itself in a market that is often dominated by beer and spirits.
Komari Beverage operates in a market where established rivals have a dominant position; nonetheless, Arada has effectively assimilated into the community in less than three years.
The agreement with...
In this exclusive interview, we sit down with Tewodros Tamrat Eshete, the Managing Partner of AFRI Aviation and a prominent figure in aviation law and industry analysis. With over 35 years of experience in the aviation sector, Tewodros has played a pivotal role in...
In this exclusive interview with CAPITAL, Kebour Ghenna, the Executive Director of the Pan African Chamber of Commerce and Industry (PACCI), shares his vision on Africa’s journey toward economic integration through the African Continental Free Trade Area (AfCFTA). Kebour Ghenna sheds light on the...
Call for Proposals Ref. EURIKA/CFP/02/2023
FOR THE PROVISION OF A TRAINING OF TRAINERS (‘ToT’) ON PERMACULTURE DESIGN
'Eurika' Yebego Adragot Dirigit is a local non-governmental organization registered with the Ethiopian Agency for Civil Society Organizations (ACSO) under certificate No. 4377. Our social purpose is to pursue any action seeking a sustainable progress of children’s rights & well-being through humanitarian and development projects.
Our new intervention, entitled ‘ResPreP’ (Comprehensive SGBV Response, Prevention & Preparedness Action in Conflict-Affected Areas of the Amhara Region), is funded by UN Women, the Women’s Peace & Humanitarian Fund coordinator, and notably seeks to empower women’s associations (WAs) in...
8TH FLOOR, AMAGA BUILDING, RAS LULSEGED STREET, ADDIS ABABA
Request for Proposal (RFP) – Blended Finance Advisor
A) About FSSP Ethiopia - WUSC
The Field Support Services Project (FSSP) in Ethiopia is a project of Global Affairs Canada (GAC) managed by the World University Service of Canada (WUSC). WUSC is a leading Canadian international development organization whose mission is to foster human development and global understanding through education and training. WUSC works with and through its southern partners – government, civil society, and the private sector – to strengthen education systems, expand employment opportunities, and foster an environment in which the aspirations...
The U.S. Embassy in Addis Ababa, in collaboration with the Ministry of Foreign Affairs (MFA) of the Federal Democratic Republic of Ethiopia, hosted a vibrant musical concert to commemorate the 120th anniversary of diplomatic relations between Ethiopia and the United States. The FDRE State Minister of Foreign Affairs Mesganu Arga, U.S. Ambassador Massinga, U.S. National Medal of Science Award...
The Royal Ethiopian Trust (RET) announced The shield, one of numerous artifacts seized by British troops following the battle of Magdala in 1868, holds immense cultural value, and was acquired through negotiations with the UK-based Anderson & Garland auction house. The shield had been slated for public auction in February, but was withdrawn following pressure from the Ethiopian government. Under Prince...
South Africa’s Minister of Mineral and Petroleum Resources, Mr Gwede Mantashe has committed to attend the four-day AOW energy event (https://AOWEnergy.com/) in Cape Town from 7 – 10 October.
AOW: Investing in African Energy brings together industry leaders to develop policy, share discoveries, secure investment, and shape Africa’s energy future. This year’s event will feature more than 1 600 senior delegates, 80 ministers and officials from 70+ countries and representatives of more than 760 companies.
Announcing Mantashe’s confirmed attendance, Chief Executive Officer of Sankofa Events, Paul Sinclair...
On the back of major investments from multilateral finance institution the African Development Bank, The Gambia is poised to increase its electrification rate to 70% – 50% in rural areas – by the end of the year. In the wake of the country’s burgeoning energy sector, The Gambia’s Minister of Petroleum and Energy Nani Juwara will participate as a speaker at this year’s African Energy Week (AEW): Invest in African Energy 2024 conference, which takes place in Cape Town from November 4-8.
The Gambia represents...