Top Natural Water joined Ethiopia’s bottled water market being the 68th brand. The water is being purified and bottled by Abebe Dinku Water and non-Alcoholic Beverages Factory, which has an investment of 273 million Birr.
A new company, New Life for Civil Servant General Business, is being formed to re structure the wholesale and retail goods business in the country with an aim of stabilizing the national market and to ensure equitable wealth distribution.
The company is in the process of floating shares with shares being primarily offered to employees registered on payrolls through the Tax Payer Identification numbers.
Payroll employees make up a significant portion of the tax payer base in the country but are not able to take advantage of the bank loan system according to Abel Hailemariam, General Manager of the new company.
The deposits made into the economy by payroll employees are utilized by businesses in the economy which control the commodities market creating monopolistic systems and ultimately resulting in skyrocketing prices he explained.
New company has joined Ethiopia’s petroleum market to sell and distribute different petroleum products. The company’s name is Gomeju Oil Ethiopia and it owned by Tewodros Yeshiwas and Genet Gebreigzabher.
Con.Com (Construction Communication), a new reference catalog detailing product and service providers in the construction sector in Ethiopia was launched last week. Con. Com is published by MCS General Trading.
The catalog listed the details of 255 companies engaged in the construction sector as service and material providers. It is expected that the publication will enhance the marketing and strategy system of the sector.
MIDROC Ethiopia is to build a cooking oil factory in Ethiopia's capital Addis Ababa worth four billion USD. The cornerstone for the factory has been laid down in the presence of Takele Uma, Deputy Mayor of the city.
