Gold Water Hits the Market

Dec 21 , 2019


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

Ethiopia Buys Time, Not Relief as Creditors Stall on Debt Write-Off

Ethiopia's official creditors expect to finalise a draft restructuring of the country's debt in the coming months, granting the government more time to repay its obligations while avoiding a direct reduction to the initial debt amount. Ethiopia defaulted on its external debt in December 2023, before its leaders announced a preliminary deal in March with its Official Creditor Committee to reorganise 8.4 billion dollars, an essential step in moving beyond sovereign default. Under the agreement...


Radar

Road Injuries Increase by 35pc, with Pedestrians Most Affected

Addis Abeba's streets continue to present fatal risks for pedestrians, who account for 86pc of all traffic fatalities reported in 2023/24. Megenagna emerged as a particularly hazardous area, logging the highest number of fatalities, including 13 deaths. While the number of pedestrian deaths has dipped slightly, overall injuries have surged by 35pc since 2020/21, with eight out of 10 injuries involving those on foot. The Addis Abeba City Administration revised its 13-year road safety strate...


Radar

Awash Insurance Customer Week Discount

Awash Insurance Company(AIC), serving for over 30 years, gives a 25pc discount on Mortgage Redemption Insurance (MRI), Individual Life Insurance, Education Insurance, Workers' Compensation Insurance, and Fire & Lightning Insurance. This was announced during the celebration of Customer Week at their headquarters, on April 7,2025. Jibat Alemneh, CEO of the company said, Vehicles owners that purchased thier cars with full insurance coverage will receive enhanced benefits at no extra cost at...