FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds




Gold Water Hits the Market

Dec 21 , 2019


[ssba-buttons]

Goldwater, a subsidiary of Gold Group, launched bottled water products early last week at Skylight Hotel. Gold Group set up the Gold Still Water Bottling Plant at the Taxeq Industry Zone in Burayu in Oromia Regional State and the Gold Sparkling Water Plant in Ambo town in Oromia Regional State at a combined investment of over 600 million Br. Gold Still Water Bottling Plant will have a capacity of producing 170,000 bottles an hour in 330ml, 600ml, one-litre, two-litre and 20-litre bottles. The plant started operation in Burayu with a production capacity of 18,000 bottles an hour on a 30,000Sqm area with one bore well with a 133-metre depth. The plant has created employment opportunities for over 300 employees. Gold Sparkling Water Plant, which rests on two hectares of land, will have a production capacity of 24,000lt of sparkling water an hour and is expected to enter the market after six months with a half-litre bottle. When it becomes operational, it is expected to create 120 jobs.


Radar

Coffee Export Platform Links Ethiopian Roasters with Overseas Consumers

Ethiopian coffee roasters have gained a direct route to international consumers through a multi-brand e-commerce export platform launched by DHL Express Ethiopia and EXM Global PLC. The companies say it is the first platform of its kind in Ethiopia. Bringing together 10 Ethiopian coffee brands in a single digital marketplace, the platform enables overseas customers to order freshly roasted coffee in quantities ranging from speciality retail purchases to larger commercial volumes. DHL Express...


Radar

Addis Abeba Clears 59Km of Rivers, Remains Short of Halfway

Addis Abeba has completed 59Km of river cleanup and development work, although total coverage has yet to reach 50pc. Mayor Adanech Abebe said the 59Km stretch was transformed in one and a half years as she presented a comprehensive review of the city's strategic plan from 2022 to 2026. Mayor Abebe described the progress as a major "breakthrough", saying the work relied entirely on the city's funding, engineers, architects and workers. By comparison, she said, a world-renowned foreign contract...


Radar

Kisse Platform Brings Collateral-Free Microloans Through Agent Network

Mefithe Microfinance S.C., MZ Tech, and Arifpay Financial Technologies S.C. have launched “Kisse”, an agent-powered digital microloan platform designed to expand access to finance for micro and small enterprises. Through trained local agents, borrowers can apply for collateral-free, short-term business loans. Once approved, the funds are transferred to mobile wallets or bank accounts through Arifpay's payment gateway. The partners said loans can be disbursed within hours. Under the par...