Gold Water Hits the Market

Dec 21 , 2019


[ssba-buttons]

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

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...