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BGI injects 500 million birr to face lift Meta Abo

Metasebia Teshome
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Around 500 million birr is said to be invested by BGI to upgrade, remodel, and expand the Meta Abo Brewery.
In a ceremony conducted at the Meta Abo Brewery in Sebeta, Harve Milhade, CEO of BGI Ethiopia, gave a presentation to participants about the initiatives taken over the preceding six months. The new CEO of BGI Ethiopia noted in his speech that BGI had promised to increase the Meta Abo Brewery’s capacity, rebrand it, and take care of the business, as well as to forge tight ties with the residents of Sebeta, the local government, and other stakeholders.

(Photo: Anteneh Aklilu)

The four pillars of BGI’s operations are allegedly human capacity, production capacity increase, sales and distribution, and corporate social responsibility.
As previously said, BGI has devised a human resource plan that includes training citizens to become job creators and skill developers. As a result, Ethiopians now have complete administrative control of Meta Abo. The staff of the organization has also moved into newly built offices, and the development of industrial worker changing facilities is almost finished. Furthermore, there have been 1,500 job openings in the Sebeta region since BGI started its restoration and growth activities.
With a monthly capacity of 300,000 hectoliters and three megawatts of power, BGI Ethiopia plans to make Meta Abo the largest brewery in the BGI family. It is making investments in the purchase of new machinery for production, such as a sizable generator with a large output.

(Photo: Anteneh Aklilu)

The Trade Competition and Consumer Protection Authority (TCCPA) gave BGI Ethiopia, a subsidiary of the Castel Group, the go-ahead last year on April 2022 to complete the acquisition of the Meta Abo Brewery from British multinational beverage alcohol business Diageo.
Initially disclosed at the start of the year in January 2022, the beer monopoly’s plan to acquire a rival in the sector would allow it to further consolidate its domination in the local market.

Ethiopia gains not so rosy returns on Valentine’s week flower export

Muluken Yewondwossen
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The economic crisis in the western world strikes the Ethiopian flora export during the rosy romantic week of Valentine’s.
February, one of the peak seasons for the flower growers and exporters, often gets high returns in value generation. However, this year’s global narrative has not lived up to expectations. The result has had a ripple effect on the flower export in Ethiopia which has shown slight reduction. Nevertheless, the sector has continued to register more foreign currency with an annual growth rate.
According to the information Capital obtained from Ethiopian Horticulture Producer and Exporters Association (EHPEA), for the romantic day festivities Ethiopian flower growers exported 2,165.33 tons of the products to the global market with an estimated value of overUSD 3.2 million in the period spanning from February 1 to 13, 2023.
Yemisrach Berhanu, Promotion and Information Service Head at EHPEA, explained that the auction market in the first week of the month was relatively slow, but later gained traction in the second week, “This gained traction made the Ethiopian growers to export more product in the period.”
Yemisrach however noted that this year’s export in relation to Valentine’s Day was lower in contrast to the preceding year.
“This is not unique to our product alone but it has happened for all flora industry players worldwide,” she said.
The Promotion and Information Service Head explained that the inflation occurring in Europe, which is the major destination of Ethiopian flowers, was one of the reasons for the slowdown in the market.
Experts alluded that the economic downturn and price hike on the commodities led it to have a lower performance this season.
Valentine’s Day is very important for the country’s flower sector as its one of the holidays in which the flower industry flourishes and increases production from 35 percent to 40 percent. In February 2022 Ethiopia exported 2714.45 tons of flowers for the lovers’ day.
Despite being a late comer to the export basket, the horticulture sector has achieved spectacular successes. Even when the sector was severely affected by COVID 19, the Ethiopian export earnings from the horticulture industry, which takes on average 15 percent of thetotal export earnings, was massive.
In the first quarter of the 2022/23 budget year, the floriculture sector generated USD 167.3 million up from USD 122.6 million a year back.
“Export receipts from flower increased by 36.5 percent due to a 26.2 percent growth in export volume and 8.2 percent in international price,” reads the National Bank of Ethiopia quarterly report.
It added that as a result, the share of flower in total merchandise export increased to 17.1 percent from 12.6 percent a year ago.
In the 2021/22 budget year, the flower export climbed by 15.1 percent from the preceding year to generate USD 541.6million.

Ethiopian Education Highlights

admin
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Ethiopian Education Highlights

By our staff reporter

Since 2017, Education Cannot Wait (ECW) has made a substantial investment of $55 million in Ethiopia. An additional $5 million investment is currently in the final stages of approval to enhance the education response to the prevailing drought conditions.

In collaboration with strategic partners, ECW’s investments have already impacted 276,000 crisis-affected girls and boys, providing them with access to safe and quality education.

Despite these efforts, significant challenges persist in Ethiopia’s education landscape. A staggering 3.6 million children remain out of school. The combined impact of conflict and the climate crisis has resulted in the partial or severe damage of over 8,700 schools across the country.

Compounded by ongoing crises and the repercussions of the COVID-19 pandemic, learning outcomes have witnessed a decline. Notably, the proficiency of second-grade Ethiopian students in reading has dwindled from 25% in 2018 to a concerning 13% in 2021.

The recent drought has further exacerbated the situation, disrupting the education of 1.6 million girls, with close to 940,000 forced out of the learning environment.

Among the most vulnerable are girls, particularly teenagers, children with disabilities, and those who have been displaced. These groups face heightened risks and barriers to accessing education, emphasizing the urgent need for targeted interventions to address these challenges and ensure inclusive and equitable education for all Ethiopian children.

Strategies for Building a Successful Long-Term Portfolio

Staff Reporter
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Strategies for Building a Successful Long-Term Portfolio

Investing is a long-term game, and building a successful portfolio requires strategy, discipline, and patience. Whether you’re just starting out with investing or looking to fine-tune your existing portfolio, it’s important to have a plan in place that aligns with your goals and risk tolerance.

In this blog post, Motley Fool helps us explore strategies for building a successful long-term portfolio that can help you achieve financial stability and growth over time. From diversification to asset allocation to rebalancing, we’ll cover key considerations for constructing a portfolio that can weather market ups and downs while working towards your desired outcomes,  is motley fool worth it? Read on and find out for yourself.

Benefits of Investing in the Long-Term

Investing for the long term brings many benefits to investors, including time to benefit from compounding returns and reduced risk. By investing for the long term, you have enough time to manage any short-term volatility in the markets and stay focused on your investment goals. Here are some other benefits of investing for the long term:

  • You have more time to benefit from compounding returns.
  • Your investments can grow over time as markets generally move in cycles.
  • Diversification helps spread out risk and generate higher returns over the long term.
  • Long-term investors are often able to take advantage of lower tax rates.
  • You have more time to research investments before making a decision.

Develop Your Strategy for Building a Successful Long-Term Portfolio

Developing an investment plan is the most important part of creating a successful long-term portfolio. This includes deciding how much to invest, which asset classes to include in your portfolio, and what kind of risk you’re comfortable with. Once you’ve developed your strategy, it’s important to stick with it and revisit it from time to time as your financial situation changes.

  1. Establish Goals for Your Portfolio

Before you start investing, take the time to think through your financial goals. This will help you determine which investments are right for you and how much risk you’re comfortable taking on. Like any other goal, it’s important to have specific and measurable goals for your portfolio.

  1. Understand Your Risk Tolerance

Understanding your risk tolerance is one of the most important steps in building a successful long-term portfolio. Risk tolerance is the level of risk you are comfortable taking, and it’s essential to understand how much volatility and loss you are willing to accept when investing in the stock market. Typically, investors with shorter time horizons should have a more conservative asset allocation, while those with longer time horizons can afford to take on more risk.

  1. Diversify Your Investments

Diversification is essential when it comes to long-term investing. Diversification helps spread out risk and can help increase returns over time. There are many ways to diversify, but the most important thing to remember is that different investments carry different levels of risk.

  1. Consider Tax Implications and Fees on Investments

One of the most important aspects of investing is understanding the tax implications and fees associated with investments. Different investments have different tax treatments, so it’s important to know how your investments will be taxed before you invest. In addition, many investments come with management and transaction fees, which can erode returns over time.

  1. Review and Rebalance Your Portfolio Regularly

Once you’ve established your investment strategy and invested your money, you must review your portfolio regularly. This will help ensure that you’re still on track to meet your goals and that any changes in the market haven’t caused you to stray from your original plan. It also helps ensure you remain diversified, as markets can shift unexpectedly.

Understand Market Risk To Avoid Losses

While investing for the long term does carry certain benefits, it also has certain risks. It’s important to understand these potential risks before investing to manage them effectively and avoid losses.

Understand How Different Assets React to Markets

Different asset classes react differently to different kinds of market conditions. Understanding how these assets will react to changing markets can help you decide better when and what to invest in. In most cases, stocks and other equity investments tend to be more volatile than bonds and cash.

Manage Volatility Through Hedging and Diversification Strategies

Volatility is a normal part of investing and can create both gains and losses in the short term. To manage volatility, it’s important to diversify your investments across asset classes and sectors. You may also want to look into hedging strategies that can help protect you against large losses due to market declines.

Consider Inflation, Interest Rates, and Other Factors That Impact Investments

Inflation, interest rates, and other macroeconomic factors can all have an impact on investments. It’s important to understand how these factors will affect your portfolio over time so that you can make better decisions about when and where to invest.

Tips for Building a Long-Term Portfolio

Building a successful long-term portfolio requires careful planning and strategy. Here are some tips to help you get started:

  1. Start by Developing an Investment Plan: Before you begin investing, it’s important to develop a plan that outlines your goals, time horizon, risk tolerance, and investment strategy. This will help ensure that you stay on track toward achieving your long-term financial goals.
  2. Consider Automating Your Investment: Automated investing can be a great way to simplify the process and make sure that your investments stay on track. With automated investing, you’ll set up an account with a broker and specify how much money you want to contribute each month. The broker will take care of the rest, investing your funds in the appropriate asset classes and rebalancing the portfolio as needed.
  3. Monitor Your Portfolio Regularly: Once you’ve established your plan and set up automated investments, it’s important to monitor your portfolio regularly. This will ensure that you remain on track toward meeting your goals while also allowing you to make any adjustments that may be necessary for response to changes in the markets.
  4. Have a Contingency Plan: Even the most well-thought-out plans can go awry due to unexpected events or changes in the market. It’s important to have a contingency plan in place that outlines how you will respond if the markets start to turn south. This may include shifting investments away from more volatile assets or increasing your cash holdings until the market recovers.

In Conclusion

Knowing that the stock market is volatile, it’s important to have a long-term investment plan to remain on track toward achieving your financial goals. This means understanding the risks associated with investing and having strategies in place, such as diversification and hedging. Automated investing will help protect you from losses due to market declines. By having all of these strategies in place, you can build a resilient and well-positioned portfolio to achieve success throughout good times and bad.

 

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