Ethiopian water bottling company Setit joins the competitive industry with US$1.75m investment

ETHIOPIA – Adad Trading Plc, a local livestock export company has joined the competitive water bottling industry in Ethiopia with an investment of 60 million Br (US$1.75m) and partial financing of 70% of the investment by the Development Bank of Ethiopia (DBE) through lease financing. From the 60 million Br (US$1.75m) the company imported the bottling machinery from China for 33 million Br (US$963,500) and invested 27 million Br (US$788,000) in the civil work of the construction. The company bottling Setit Purified Spring Water is built on 10, 000Sqm of land…

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New water bottling company in Ethiopia joins the burgeoning Industry

ETHIOPIA – Kefeta Spring Water, a new water bottling company in Ethiopia has joined the competitive industry with an investment of 62 million Br (US$1.9m) and partial financing from The Development Bank of Ethiopia (DBE). Despite the recent mushrooming of water bottling companies in the country, all 97 present bottlers produce only 3.7 billion litres of water a year, satisfying five percent of the water demand. The new plant located at the Amhara Regional State has a production line of five sizes of bottled waters ranging from 330ml to two…

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