Latest News

Ethiopian edible oil business Turaco backed by investors Proparco and Ethos 10 Jun 2020

Turaco, an Ethiopian holding company which holds a portfolio of FMCG assets including edible oils, has attracted backing from investors.


PepsiCo takes stake in Ethiopian crisps firm Senselet 7 Jan 2020

US food and beverage giant PepsiCo has taken a stake in an Ethiopian crisps firm founded by a Dutch investment company.


Ethiopia-based biscuit maker Ahadukes Food Products attracts PE investment 21 Nov 2019

Ahadukes Food Products, an Ethiopia-based biscuits maker, has received an undisclosed investment from a private-equity fund.


Nutropia to build chicken operation in Ethiopia 22 Jun 2018

Ethiopia's Nutropia Poultry & Feed is to build a large-scale chicken facility in its home market.


FrieslandCampina links up with Veris to invest in Ethiopia's Holland Dairy 18 May 2018

Netherlands-based dairy giant FrieslandCampina has joined forces with Veris Investments in an undisclosed cash injection into Ethiopia's Holland Dairy.


Tiger Brands sells stake in Ethiopian venture to East Africa Group 10 Jun 2016

Tiger Brands is selling its 51% stake in East African Tiger Brands (EATB), its Ethiopian joint venture, to partner East Africa Group (EAG).


Ethiopian dairy MB plc secures investment from US fund Schulze Global 28 Jan 2016

US investment firm Schulze Global Investments has acquired a 45% stake in Ethiopian dairy firm MB plc.


Fonterra launches Anchor in Ethiopia, Australia  27 Oct 2015

Fonterra is launching its Anchor dairy brand into Ethiopia and Australia. 


INDIA/ETHIOPIA: Allanasons set to start meat plant construction 7 Jul 2014

Indian agrifood group Allanasons has confirmed it will start constructing a meat processing plant in Ethiopia in the second half of the year.


ETHIOPIA: Unilever coy amid talk of plans for plant 11 Mar 2014

Unilever has declined to confirm it is planning on expanding its Africa operations with the setup of a manufacturing plant in Ethiopia.