German Firm Secures Deal to Build Kegna Beverages

July 20 , 2019


German Firm Secures Deal to Build Kegna Beverages

Kegna Beverage S.C, one of the companies that followed the economic revolution in Oromia Regional State in 2017, has signed a deal with a German company for the construction of a plant. The plant will be built at Ginchi town with 5.5 billion Br in investment. The agreement will enable Kegna to outsource the project, and the German company will oversee the feasibility study, development, design and construction of the plant, as well as the installation of the machinery. The plant, occupying 101ha of land, will produce beer, juice, bottled water and soft drinks. At full capacity, the plant will produce three million hectolitres a year and create job opportunities for 3,500 people. Other projects under the economic revolution include Oda Integrated Transport, Kegna Agricultural Machinery and Welabu Construction. Kegna has around 5,000 shareholders including farmers, 1.5 billion Br in subscribed capital, of which 700 million Br is paid-up.


Radar

Leather Industry Struggles to Meet Expectations

The struggling leather industry managed a little over 33 million dollars in export earnings over the first 10 months of the financial year. It is less than half of officials' aspirations to generate 69 million dollars over the same period, and highlights the troubles faced by the industry over the past few years. Exports from finished leather goods plunged 72pc last year from three years ago. Only eight finished leather manufacturers accounted for 89pc of last year's export earnings, sh...


Radar

Corporation Calls on Suppliers for 200,000tn Sugar Procurement

Executives of the Ethiopian Sugar Corporation have taken steps to procure 200,000tn of sugar from international suppliers. The Corporation had invited shortlisted companies to submit offers, after an attempt to procure the sugar through an international tender went awry. However, officials at the Ministry of Finance instructed its executives to scrap the invitation and proceed to float a second bid. The shortlisted suppliers have also been invited to take part in the bidding process. T...


Radar

TAGGED

Youth in the National Theatre area are waiting for the bus to start moving. They have found a handle to grab and accelerate them ones its starts moving as they ride their skateboard. Although skateboarding is nearly unheard of in Ethiopia, over the past few years, young people have developed a taste for it. Safety, though, leaves a lot to be desired...