Aschalew Belay Latest Ethiopian News

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Flour and Biscuit Factory Breaks Ground in Debre Sina

A local food processing firm has constructed a flour and biscuit processing plant in Debre Sina town, 145Km north of the capital, with a total investment of 210 million Br.

Vita Hydro Agro-Processing Plc, a sister company of Belayab Food Production Plc owned by three foreigners and two local business people, invested in the plant, which rests on two hectares of land. The company leased the land from Tarmaber Wereda’s land administration office and got a business license from the Ethiopian Investment Commission.

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Burger King to join Ethiopian market

Burger King, an American giant multinational fast food chain restaurant has teamed up with Belayab Foods Production, owner of Pizza Hut chain restaurants for its operations in Ethiopia. Aschalew Belay is a major shareholder of the Belayab group, now involved in a variety of business interest, including food, hospitality and in the automotive sector – the Kia brand, among others.

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Products and Services in Ethiopia

Date: Jan 20, 2022
Currency (Code)Buying RateSelling Rate
US DollarUS Dollar(USD)49.572850.5643
EuroEuro(EUR)56.503157.6332
Pound SterlingPound Sterling(GBP)64.598265.8902
UAE DirhamUAE Dirham(AED)12.212712.4570
Saudi RiyalSaudi Riyal(SAR)11.957212.1963
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