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Habesha Breweries S.C. secured 50,000sqm of land in
the town of Debre Berhan, 130km northwest of Addis
Abeba in the Amhara Regional State, on December 29,
2009. The lease rate is yet to be negotiated.
Prior to getting the land, the Amhara Water Resource
Development Bureau had also given Habesha the green
light to explore for ground water in the area,
according to Eskinder Desta, main promoter of the
share company and managing director of Habesha
Capital Services.
“The area has good water resource potential which is
an essential element to putting up a beer factory,”
Eskinder said.
Habesha’s next step will be to invite tenders from
drilling companies for the exploration, according to
Eskinder.
The compensation to residents who will be evacuated
from the area, Eskinder said, will be more
significant than the lease rate the regional
administration is going to charge the company which
according to him is very small. Although he did not
say by how much.
Habesha will be an addition to the five already
existing breweries, BGI Ethiopia, Dashen, Harar,
Meta Abo and Bedele two years from now, according to
the promoters’ plan.
Eskinder and a group of people who had been in the
brewery business are trying to raise 150 million Br
paid up capital for the share company.
Yilma Tiruneh, former manager of Ambo Mineral Water
Factory; Tesfaye Bedada, former head of Bedele,
Harar and Meta Abo beer factories at different
times; and Yilma Wolde-Senbet, former master brewer
and department manager of Meta and Melotti beers
(found in Eritrea) are among the 13 promoters.
Two months since launching the sale of shares,
Habesha Breweries team has raised close to 20
million Br, which Eskinder considers to be a good
performance.
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