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May 2011

Ethiopia Says Heineken to Acquire Two State-Owned Breweries

By William Davison May 3 (Bloomberg) — Heineken NV, the world’s third-largest brewer, will buy two Ethiopian state-owned beer makers for 2.7 billion birr ($160 million), the Horn of Africa country’s privatization agency said. Heineken, based in Amsterdam, will purchase Bedele Brewery SC for 1.4 billion birr and Harar Brewery SC for 1.3 billion birr, …

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Ethiopia freezes Nile agreement

CAIRO: Ethiopia has agreed to suspend its participation in a Nile Water Share agreement recently signed with several upstream countries. According to Ethiopian Prime Minister Meles Zenawi this move will allow Egypt enough time to recover from the recent political crisis and take on a more active role in the negotiations. This announcement comes while …

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