BELAYA Launches "Sport" Water Brand

Nov 19 , 2022


[ssba-buttons]

A private company, BELAYA Industrial Plc, has inaugurated a water bottling plant, launching a brand dubbed “Sport”. The brand is 105th bottled water in the market and the third slated for export. The plant was erected two months ago in Sululta Kebso-Wesarbi town, Oromia Regional State, on a 24,000Sqm plot with a 1.2 billion Br investment. The plant was inaugurated last week in Sululta town in the presence of Melaku Albel, minister of Industry, and the Mayor of Sululta. Close to 90pc of the 20,000 investment licenses issued in Oromia are in and around Sululta, raising 600 billion Br, disclosed Adugna Teshome (PhD), head of the investment bureau. A sister company of Anmaw Alemu Business Group, Belaya has created job opportunities for 420 employees, and will employ about 1200 individuals when it is fully operational who bottle over 9.7 billion litres annually. The company’s executives aspire to introduce soft drinks and juice, employing more than 1,200 individuals.


Radar

NBE Expands Diaspora Warning Over Unlicensed Remittance Firms

The National Bank of Ethiopia (NBE) has issued an expanded public warning targeting unlicensed remittance operators abroad, flagging four U.S.-based companies it says are undermining Ethiopia's financial regulations. The warning includes newly disclosed findings and specific cases that underscore growing concerns about illicit cross-border financial activity. Remittance flows remain a vital lifeline for Ethiopia's economy, supporting households and supplying critical foreign currency. But as...


Radar

Stricter Standards Unveiled for Public Auditors, Accounting Firms

The Accounting & Auditing Board of Ethiopia (AABE) has issued a new directive aimed at strengthening oversight and professional standards in the accounting and auditing sector. Grounded in the Financial Reporting Proclamation, the directive addresses long-standing regulatory gaps while preparing the sector for the country's emerging capital market. Key provisions introduce stricter licensing standards for public auditors, professionals permitted to audit public interest entities. Applican...


Radar

Export Recovery Gains Ground, Industry Still Lags Potential

The Ministry of Industry (MoI) has reported a modest rebound in Ethiopia's manufacturing exports, with revenues climbing eight percent in the 2025 fiscal year to reach 318 million dollars. Minister Melaku Alebel attributed the growth to a gradual sectoral recovery but acknowledged the figures remain well below the country's industrial potential. Speaking at a forum held with 60 top-performing manufacturers, Melaku said the ministry is working to unlock bottlenecks and improve coordination. Th...