Nestlé Waters and Abyssinia Springs in Ethiopian bottled water joint venture. Nestlé Waters and the owners of Abyssinia Springs have announced the creation of a joint venture to carry out bottled water activities in Ethiopia.
In the last few years, the beverages sector has experienced a major expansion in the country. It has also seen sustained double-digit growth for quality and readily available bottled water.
The new factory is located in Sululta, near the capital Addis Ababa in an area with an average annual rainfall of 1250mm, which is similar to that of Western European countries. Ensuring access to sustainable water resources was a prerequisite for any transaction to happen. Nestlé Waters has said it will closely monitor local aquifers and watersheds to ensure that operations there remain sustainable.
Commenting on the announcement, Mr. Gobezayhu, Mr. Theodros and Mr. Dawit Zerihun, the owners of Abyssinia Springs brand, said: “We are very happy to welcome Nestlé Waters in Ethiopia and start this strong partnership. With the launch of this new venture, Nestlé will be manufacturing in our country for the first time in many years, testimony to their confidence in the future of the Ethiopian economy.”….Read More
In Ethiopia,Nestle Waters takes majority stake in Ethiopia JV with Abyssinia Springs.Nestle Waters has entered a joint venture with Ethiopian bottled water company Abyssinia Springs as it continues to invest in Africa. Nestle said earlier this week that it would take a majority stake in the JV. Financial details were not disclosed.
Last month, the company opened a second manufacturing facility in Nigeria as part of a CHF25m (US$25.8m) investment.Abyssinia Springs’ factory is located in Sululta, near the Ethiopian capital Addis Ababa. Nestle said the average rainfall is 1250mm per year compared to about 1100mm in the UK. “Ensuring access to sustainable water resources was a prerequisite for any transaction to happen,” the companies said.
“We are very happy to welcome Nestlé Waters in Ethiopia and start this strong partnership,” said the owners of Abyssinia Springs brand. “With the launch of this new venture, Nestlé will be manufacturing in our country for the first time in many years, testimony to their confidence in the future of the Ethiopian economy.”….Read More
Nestlé Waters backs Ethiopian water brand Abyssinia Springs.A new Nestlé Waters joint venture with the owners of an Ethiopian bottled water brand will support sustainable economic growth in the country and meet rising local demand for bottled water.
As a result of the investment, local people will have improved access to safe drinking water. Abyssinia Springs is bottled in the town of Sululta near Addis Ababa, an area with high average annual rainfall. Nestlé Waters will closely monitor local aquifers and watersheds to ensure that operations there remain sustainable.
Nestlé Waters has worked with local people and NGOs to plan how it will contribute to social and economic development in the area. For example, by helping young Ethiopians develop entrepreneurial skills….Read More
Best Western International Inc., announces BEST WESTERN PLUS Abyssinia and BEST WESTERN Noah Hotels in Addis Ababa, Ethiopia
Addis Ababa, Ethiopia – Best Western International Inc, along with Great Abyssinia Plc and Noah Real Estate Plc announce the development of two Best Western branded hotels in Addis Ababa, Ethiopia. The BEST WESTERN PLUS and BEST WESTERN branded hotels, are planned to be opened in 2015 and 2016 respectively. These properties will be the 1st Best Western branded hotels in Ethiopia joining existing hotels in Tanzania & Kenya, East Africa.
BEST WESTERN PLUS Abyssinia Hotel will be an Upper midscale hotel in Addis Ababa the seat of African Union which is conveniently located at Bole Medhane Alem Round about adjacent to Medhane Alem Mall that will bring a new level of comfort, convenience and world-class service to the growing hospitality sector in the capital.
BEST WESTERN PLUS Abyssinia Hotel offers the ideal location for business as well as leisure travelers as it is ideally situated in the growing cosmopolitan part of Addis Ababa……Read More
Hotels in Ethiopia’s Capital, Best Western International Inc announced it is going to develop two of its branded hotels in the capital of Ethiopia. Best made the announcement with Great Abyssinia Plc and Noah Real Estate Plc.The hotels that will be opened, Best Western Plus and Best Western, are scheduled to be opened in 2015 and 2016 respectively.
According to Ethiopian News Agency (ENA), Best Western Plus Abyssinia Hotel will be an Upper midscale hotel in Addis Ababa located at Bole Medhane Alem Round. It is going to be an eleven-story hotel that has 168 rooms. It is said to be sited at an ideal location for business as well as leisure travelers as it is situated at a growing cosmopolitan part of Addis Ababa.Best Western Noah Hotel is also going to be build at Bole Medhanialem area. It is planned to have 121 rooms along with small and medium size meeting rooms. It will also have a café, an all day dining restaurant and lounge bar.
Commenting on the occasion Suzi Yoder, Best Western International’s Senior Vice President International Operations, said; “We are very excited about bringing our world famous brand to Addis Ababa, Ethiopia one of the fastest growing economies in Sub Saharan Africa with amazing world heritage sites recognized by UNESCO and is considered as a cradle of mankind by many”.He further noted, “The addition of these properties to our existing hotels in Africa outlines our ongoing commitment to the growth of our brand in the region”……..Read More
Great Abyssinia announced it would invest more than 500 million Birr in the aim of expanding its existing production facilities of soft drinks as well as juice beverages in Ethiopia.
The existing facility, which was established at the cost of 188 million Birr in Sululta, produces Prigat Juice in mango and strawberry flavors. In addition to this, it produces carbonated soft drinks of Splash Brand series. This series includes flavors of coffee cola, orange, and passion fruit orange, malt pineapple, fresh lemon and apple. This facility has a capacity of producing 13,500 bottles per hour and it is operational for 22 hours with 400 employees
Great Abyssinia’s new investment is going to be in Sendafa on 25,000 square meters of land and the expansion is going to be made in three phases. The first phase is expected to be concluded in a year time and expected to have a production capacity of 36,000 bottles in an hour.Upon completion of all phases the company’s production capacity is going to increase to 100,000 bottles per day.Read More