Coca-Cola Set to Build Fourth Plant

Jul 6 , 2019


[ssba-buttons]

Coca-Cola has announced that it is going to build a bottling plant in Sebeta at a cost of 70 million dollars. The plant in Sebeta town 25Km west of Addis Abeba will have the capacity to produce up to 70,000 cases of soft drinks a day. “When we finish the factory, it will be the biggest bottler in Ethiopia,” said Bruno Pietracci, president of Coca-Cola’s Southern & East Africa Business Unit. The plant is part of Coca-Cola’s planned 300 million dollars worth of investments in Ethiopia in the coming five years. The company also plans to build a fifth plant in Hawassa, 278Km south of the capital. The existing three factories have created 2,200 jobs, and the Sebeta plant is expected to raise that number to 2,700.


Radar

State-Owned Enterprises Deliver, But Fund Seeks More from Underperformers

Ethiopian Investment Holdings (EIH), the country's sovereign wealth fund, closed its annual performance review with a mix of strong gains and lingering concerns across its portfolio of state-owned enterprises. Ethiopian Shipping & Logistics led the year with 4.5 million tons of cargo, driving revenues up 90pc and doubling pre-tax profit. Sugar production from Wonji Shoa, Metehara, and Fincha climbed 34.8pc to 163,290 tons, nearly doubling revenues to 15.6 billion Br, though EIH flagged ch...


Radar

MIDROC Cocoa Drive, Local Production Focus on Value Addition

MIDROC Investment Group is placing a bold wager on cocoa in the lowlands of Sheka. Building on extensive trials at the Bebeka Coffee State Farm, the company has introduced globally prized Forastero, Trinitario, and Criollo varieties alongside coffee. "The results are astonishing," said General Manager Beshada Worku, pointing to international prices that range from 8,200 to 14,000 dollars a ton. The project's first phase covers 50 hectares, with 44,000 seedlings already planted. Expansion to ...


Radar

Bureau Maps Out 1,700 Land Rights in a Month

The Rights Registration & Holding Service Directorate under the Bureau of Land Development & Administration prepared over 1,700 landholding certification maps in a single month. The update came during the bureau's July performance review, which measured progress against the upcoming fiscal year's targets. Director Tesfamichael Endale said efforts are being scaled up to give farmers secure land rights and quicker certification. Deputy Head WendwossenBanjaw added that the priority ahead...