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American fund acquires Ethiopian dairy firm

American fund acquires Ethiopian diary firm

Ethiopia has the largest number of milking cows in Africa.

Photo©Reuters An American investment company, Schulze Global Investments Limited, has completed the acquisition of a 45 percent stake in Ethiopian dairy products producer, MB Plc. The deal would enable the Addis Ababa-based dairy firm to grow the market for its Family Milk brand. MB Plc trades as Family Milk and was established in 2000.

Family Milk is one of the leading milk brands in Ethiopia and is among the fastest growing dairy processors in the country. It produces milk as well as milk products, which are distributed to a […]

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