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

Construction Sector Faces 'Serious Trouble,' Minister Warns

The construction industry in Ethiopia is in "serious trouble," said Chaltu Sani, Minister of Urban & Infrastructure Development, citing major challenges with finance, competitiveness and material costs. Speaking at the opening of the BIG 5 Construct Ethiopia expo and the inaugural East African Infrastructure & Water Expo at Millennium Hall last week, Chaltu stressed the need for concerted efforts from government, private sector, and international partners to support the 67 billion dol...


Radar

Wegagen Bank, Gift Real Estate Partner to Promote Diaspora Homeownership

Wegagen Bank S.C. and Gift Real Estate Plc. signed a Memorandum of Understanding (MoU) on June 23, to offer housing loans for homebuyers, with a special focus on the Ethiopian diaspora. The agreement enables eligible diaspora members to access loans covering up to 80pc of a home's value at reasonable interest rates. The bank's Deputy CEO Kidane Gebreselassie noted the deal will promote the real estate sector and expand homeownership options. Founder and CEO of Gift Real Estate, Gebreyesus Igata...


Radar

Jimma University Signs Sports Science Agreement to Strengthen National Programmes

Jimma University has signed a four-party Memorandum of Understanding (MoU) with the Ethiopian Academy of Sciences, Derartu Tulu Sports Training & Research Institute, and the Oromia Youth & Sport Bureau to advance Ethiopia's sports science and training capacity. Signed on June 26, the agreement includes joint research, shared facilities, and hosting of national and international competitions. It is expected to strengthen youth development, public health, and national pride through coor...