DEG Co-finances Ethiopian Brewery (Sub-Saharan Africa)

Source: DEG

DEG (Deutsche Investitions- und Entwicklungsgesellschaft), the development finance arm of Germany’s KfW Bankengruppe, has partnered with London-based Duet Group and U.S.-based Vasari Group to invest US$90 million in Dashen Brewery of Ethiopia. DEG will provide US$12.5 million of its own capital as part of the deal. Dashen, which produces local brands “Dashen” and “Royal,” will use the funds to expand production and improve its distribution capabilities within Ethiopia.