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