February 15 , 2020
By GELILA SAMUEL( FORTUNE STAFF WRITER )

A new water bottling company joined the growing industry in Danglia town, Awi Zone of Amhara Regional State with a total investment of 62 million Br.
Kefeta Spring Water, a new plant founded by Sirajdin Hussen, rests on 1,800Sqm of land. The company secured a conformity certificate from the Ethiopian Conformity Assessment Enterprise on December 19, 2019, and had a soft launch in the same month.
Fereja Dawud General Contractor, a five-year-old firm founded by Fereja Dawud that previously worked on construction related to telecom towering, was in charge of the civil work of the plant that took eight months. Haile Consultancy Architects & Engineering Plc, a four-year-old firm behind the construction of Wanzaye Lodge, a five-star hotel owned by the Amhara Development Association, supervised the construction of the plant.
The company imported ASG and Tecklong machinery, both automated, from China. Chenyu Packing Machinery supplied the machinery. HPC Chemical & Consulting, which was established in 2015 and produces food, cosmetics, soap and plastic, installed the machinery in two years.
The installation, the import and the launching of the plant took four years.

By

 MulukenYewondwossen

February 17, 2020

The Ministry of Revenue (MoR) announcement that the ratified excise tax proclamation no. 1186/2020 has become effective the day after the ratification of the proclamation by the parliament, was dismissed by businesses who argued that it is against the country’s law.
The revenue collection body announced on February 13, the same day of the ratification of the proclamation by parliament; the new law will be in place as of February 14.
MoR in its announcement published on its social media page stated that the tax calculation will become effective immediately, however the business community expressed their confusion about the announcement.