Ethiopian liquor firm Ponu invests US$1.9m in a new bottle cap factory

ETHIOPIA – Ethiopian liquor producing company, Ponu Monu has invested US$1.91 million (54 million Br) in establishing a new aluminium and plastic bottle cap factory in Gerji. According to AddisFortune, the investment was part of an expansion project to meet the growing demand for the materials in both the local and export markets. Equipped with…

Ethiopia holds international conference on pulses, oilseeds and spices

ETHIOPIA – Ethiopia is holding an international conference on pulses, oilseeds and spices to liberate on strengthening and expanding potential of the commodities in the market destinations, reports ENA. Jointly organized by Ministry of Trade and Industry and Ethiopian Pulses, Oilseeds and Spices Processors-Exporters Association (EPOSPEA), the conference seeks to help low quality exporters to…

Ethiopia’s Wonji Sugar up for privatization in a US$393m deal

ETHIOPIA – Ethiopian oldest sugar estate, Wonji Shoa Sugar Factory has started negotiations with the government to sell the company to a private buyer, Ethio-Sugar Manufacturing S.C in a deal valued at US$393.41 million (11 billion Br). According to AddisFortune, Ethio-Sugar has written to the Ethiopian Sugar Corporation and the Office of the Prime Minister…

Ethiopia’s Ker Water invests US$3.2m in a new water bottling plant

ETHIOPIA - Ker Water S.C has invested about US$3.23 million in a new water bottling facility in the Southern Nations, Nationalities & People’s regional state, Ethiopia. According to AddisFortune report, the new product, branded Ethio Water will be available on the market by the end of this month. The new plant sits on a 2,700Sqm…

Salt producers form association to address iodine deficiency

ETHIOPIA – Iodized-salt producing companies in Ethiopia have established a new association in bid to help combat iodine deficiency in the country. According to AddisFortune, the association was formed by the Ethiopian Food, Beverage, & Pharmaceutical Industry Development Institute. The Ethiopian Iodized Salt Producers Association, made of close to 15 salt producers plans to introduce…

Ethiopia’s Nared Trading invests US$5m in a new water bottling plant

ETHIOPIA - Nared General Trading, an Ethiopian pharmaceuticals import and wholesale company has invested US$5.01 million (140 million Br) to set up a new water bottling company in Chacha Wereda, Amhara Regional State. According to AddisFortune, the plant was constructed at a cost of US$2.15 million on 20,000Sqm land and is expected to be fully…

Federal Agency inks deal to construct 25 silos for wheat and teff value chain

ETHIOPIA – The Federal Cooperative Agency has signed a Memorandum of Understanding with the heads of regional cooperatives to construct 25 silos to be used by agricultural cooperative unions involved in teff and wheat value chain in four regional states. The bid aims to alleviate the shortage of warehouses and help cooperative unions with a reliable…

Sugar Corporation to inaugurate third sugar factory under US$286m Omo Kuraz Project

ETHIOPIA - Ethiopian Sugar Corporation is set to inaugurate Omo Kuraz Sugar Factory Three on October 14, built with US$286.12 million loan from China Development Bank. According to the state corporation, the new factory will have the capacity of upto a thousand tonnes of sugar per day, producing three types of sugar with modern technology…

Authority orders bottler to shut down on Classy Water standards controversy

ETHIOPIA - The Ministry of Trade has cautioned the public against Classy Water bottled by Belay Industrial Plc on water quality issues, leading to the closure of the facilities, reports Fortune. The warning to avoid and stop drinking the product was issued on 20 September 2018 by the ministry saying a batch of bottled water…

Bunge and Hakan places bids to supply 155,000tons of wheat worth US$49.5m

ETHIOPIA - Bunge SA and Hakan Agro DMCC have placed offers to supply the government of Ethiopia wheat worth US$49.50 million amidst shortages of the commodity in the market. The Herald reports the two were the only among 12 companies who bought bid documents after expressing interest in supplying the commodity meant for both government’s…