Tena Oil Expands with 100m Br 




The asset managing company, 54 Capital, is expanding its edible oil company, investing 100 million Br. The new expansion enables the company to produce 50,000lt of sunflower oil a month.

Tena Oil has been in the market with its soybean product. By supplying a sunflower oil, 54 Capital expects to become a leading edible oil brand in Ethiopia by refining oil and reaching the mass customer market at an affordable price.

Tena oil is a sister company of Aquasafe Water, Etete Dairy and 555 Soap.

54 Capital, the Africa-focused asset manager, has been investing in Ethiopia since 2013. Currently, the company has seven investments in consumer goods and the pharmaceutical sector.



Published on Jul 21,2018 [ Vol 19 ,No 951]


SHARE :
               


Editorial

Political transformation is unavoidably rocky, if not delicate. It invo...


Agenda

Oil transporters are up in arms over tariffs set by the Ministry of Tra...


Fineline

The cosiness between the Ethiopian authorities and...


Commentary

The National Bank of Ethiopia has recently made available its fourth-qu...


Viewpoint

One hundred years ago today, at the 11th hour of the 11th day of the 11...


Opinion

The Addis Abeba Transport Authority and Ride, a popular and an up-and-c...


View From Arada

The private sector is more efficient and customer-oriented than governm...


ADVERTISEMENT

Editors Pick















//