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 alignment with the African Union’s Agenda 2063, the Africa Creatives Alliance (ACA) has emerged as a transformative force for the continent's cultural and creative sectors. Officially launched at the inaugural Africa Urban Forum in Ethiopia, the ACA aims to harness Africa's immense creative potential to drive socio-economic growth and innovation. As the Founding Director, Rita Ngenzi, discuss the ACA's roadmap and initiatives with Capital as she emphasizes the critical need for a coordinated effort to build robust Cultural and Creative Industries (CCI) ecosystems across Africa. In this in-depth interview, we explore the vision behind the ACA, its strategic pillars, and how it plans to empower young creatives while addressing existing challenges within the sector. Excerpts;
Capital: Can you elaborate on the vision behind the Africa Creatives Alliance and what inspired its formation?
Rita Ngenzi: By 2050, one in four people on the planet will be African, and the continent...
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 shaping policies and regulations that impact the industry across Africa. His extensive background includes significant positions with the African Airlines Association (AFRAA), where he served as Director of Government, Corporate, and Industry Affairs, and later as Acting Secretary General.
As Ethiopia opens its domestic aviation market to foreign investors, we delve into the implications of this landmark decision for the country's aviation industry. Tewodros shares insights on the potential benefits and challenges of increased foreign investment, the importance of regulatory harmonization, and the critical need for legal expertise in navigating this evolving landscape. Join us as we explore Tewodros's perspectives on the future of Ethiopian aviation,...
The United Nations Economic Commission for Africa (UNECA) invites interested bidders to participate in a closed bid exercise for the sale of Vehicles, IT equipment, Electronics and Accessories.The bid will be sold “as is, where is” without recourse to warranties. A bid with information will be available from 14 October 2024 – 05 November 2024 on UN working hours and days From Monday to Thursday morning time between 9:00 AM to 12:30 PM and 14:00 PM to 17:00 PM and on Friday 9:00 AM to 13:00 PM.
Safaricom Telecommunications Ethiopia PLC (Safaricom Ethiopia) is seeking site security services with the necessary human resources and experience in the designated regions. Under the supervision of afaricom Ethiopia, the service provider/s are expected to provide security or guarding services to the Safaricom Ethiopia BTS sites and BTS security operations will be run by local security companies/agencies that have presence and based in respective regions listed below.
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...