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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