Private Company Launches 2b Factories

Oct 17 , 2022

A private company in the beverage industry opened plants on Addis Abeba's outskirts to process and bag snakes such as potato chips. ABBAHAWA Trading, bottler of One Water brand, has invested 2.3 billion Br to build two plants in Sebeta, Oromia Regional State. The plants are erected on 4.28 and three hectares of plots, respectively. The launching of the plants was held last week in Hyatt Regency, Africa Avenue. The company has imported machinery from the United States, with a capacity to produce one ton of snake chips an hour. Established in 2014, ABBAHAWA Trading exports coffee and supplies bottled water as well as plastic products. Two years ago, ABBHAWA launched a juice processing plant in Alemgena, 15km east of Addis Abeba, on 2,5 hectares of land with an investment cost of 644.5 million Br.


Geda Special Economic Zone Receives Prospective Tenants

East African Holding and Ethio-Chicken have been shortlisted to invest in the Geda Special Economic Zone(GSEZ), located in the tri-state area shared by Mojo, Adama, and Shashemene cities within the Oromia Regional State. The two companies were selected from 120 investors who showed interest in acquiring space in one of the largest SEZs in Africa. Close to 404hct of land has already been developed in the expansive economic zone, out of a potential 24,000 hectares, with lease prices set between...


Standard Institute Revamps Fees, Board Restructuring

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Safaricom Ethiopia Rolls Out its Network to Tigray

With 125 self-built towers, Safaricom Ethiopia has launched its operations in the Tigray Regional State. Executives disclosed plans to invest in an additional 166 towers and expand their reach to the remaining towns. "This is the most exciting milestone in Tigray since the return of social services," said Getachew Reda, president of the Interim Regional State Administration. In July 2021, the consortium-backed telecom giant entered Ethiopia's market, historically dominated by state-owned E...