(3 minutes read)
BGI Ethiopia, a subsidiary of the Castel Group and one of the largest breweries in Ethiopia, injected Birr 500 million into Meto Abo Brewery to remodel and expand the capacities
BGI Ethiopia, a subsidiary of the Castel Group and one of the largest breweries in Ethiopia, injected Birr 500 million into Meto Abo Brewery to remodel and expand its capacities. The injection of more resources would also result in building the brand and purchasing new machinery and generators to increase production capacity.
BGI has a significant market share in Ethiopia’s beer market and is exporting its products to various destinations across Africa, Europe, Asia, Australia, and North America. The other breweries of the company include St. George Brewery which is located in Addis Ababa, Zebidar Brewery, Hawassa Brewery, Kombolcha Brewery, and Maychew Northern Brewery. Castel Winery and Vineyard is also the property of BGI Ethiopia.
Read Also:
https://trendsnafrica.com/ethiopian-freighter-services-enhance-footprints-in-china/
Diageo, the British liquor and brewery company, sold Meta Abo to BGI last year. Diageo purchased the brewery from the Ethiopian Government in 2012 for US$ 225 million, as a part of the Government’s privatization efforts. Diageo also made an additional investment of US$ 119 million to expand the brewery’s bottling line.
