Raya Brewery Enters Ethiopian Market

Raya BeerAddis Ababa, Ethiopia – Raya Brewery S.C. is to start testing its factory in 15 days to begin production of beer before the end of the December.

Atakilti Kiros, Raya’s general manager, made the announcement during a meeting held at Elilly International Hotel on Tuesday, November 25, 2014, to issue certificates to shareholders.

The Raya Brewery began construction in November 2013 in Bohera Mountains, south of Maichew Town, 667km away from Addis Abeba, and completed it within a year,said Atakilti.

The Brewery, was established by 58 founding shareholders, including Tsadkan Gebretinsae, former army chief of staff, and Ambachew Abreha, former head of Ethiopian Shipping Lines (ESL), back in April 2010. It has now about 2,441 shareholders.

The Ethiopian beer industry, has been in recent years, joined by international giants. One is Diageo, a premium drinks business company which produces more than 65 million hectolitres from more than 100 sites in 30 countries. It bought Meta Abo Brewery S.C for 250 million dollar in 2013.

Source: Addis Fortune