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Bottlers Association Gets New Executives

Ethiopian Bottled Water, Soft drink, Fruit & Vegetable Processing Manufacturing Industries Association in its general assembly on August 1, 2019, elected Getenet Belay, manager of Aqua Addis bottled water as its board president.


Bottlers Association Gets New Executives

Ethiopian Bottled Water, Soft drink, Fruit & Vegetable Processing Manufacturing Industries Association in its general assembly on August 1, 2019, elected Getenet Belay, manager of Aqua Addis bottled water as its board president. Getenet, before founding Aqua Addis, served at Ethiopian Airlines as manager of the engineering and planning department, as well as director of the capacity development planning department for 15 years. He has a bachelor’s degree in mechanical engineering from Addis Abeba University and got his Master of Business Administration degree from Lincoln University, USA. The Association also elected Berhane Gebreselassie, founder and general manager of Cado Industry Fruit & Vegetable Processor Company as the chairperson. The Association was formed in February 2019 with the merging of two associations, one representing bottled waters and soft drinks manufacturers, and the other fruits and vegetable processors.

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Radar

Federal Prosecutors Accuse Public Officials, Contractors of Corruption, Alleged Illicit Fund Transfers

Federal prosecutors have filed corruption and money laundering charges against 11 defendants, including Nigstu Bogale, Coordinator of the Development Project for Response to the Impact of Refugees in the Horn of Africa at the Ministry of Agriculture, Biniyam Fantaye and Taye Habte, senior irrigation engineers involved in the Development Response to Displacement Impacts Project (DRDIP-II), as well as private individuals and construction company representatives. The case alleges losses and illicit...


Radar

EIH Transitions to New Headquarters as It Oversees Major State-Owned Enterprises

Ethiopian Investment Holdings (EIH) is relocating its headquarters from its current site on General Wingate Street. The former headquarters was located behind the Ministry of Industry and near Abrehot Library. The new office is expected to be on Mozambique Street, along the route from Mexico Square to Bulgaria Road. The building belongs to one of EIH's subsidiaries, and all departments are set to move there as interior design and finishing works continue. Under the leadership of Brook Taye...


Radar

Import Substitution Push Lifts Domestic Manufacturing, Industrial Recovery

A push for import substitution and industrial expansion has prioritised 96 strategic products for local manufacturing. The “Ethiopia Tamirt” initiative reports 4.85 billion dollars in savings, supported by trade fairs linking local producers to domestic and international markets. On average, 700 new projects enter the market annually, contributing to more than 2,800 investments over four years. At the grassroots level, 18,000 SMEs have been established, while 993 dormant factories have...