9. Vending Machines
Vending Machines in Ethiopia are a new phenomenon and have been relatively left out of the market. A vending machine is an automated machine that provides various items such as snacks, newspapers, beverages, lottery tickets, cigarettes, etc. to customers after taking their money or credit cards.
A full-line vending company can set up several types of products for their consumers, such as candy, cookies, chips, fresh fruit, milk, cold food (sandwiches), coffee, and other hot drinks.
Seeing the rise of consumers in Ethiopia wanting to eat a quick snack of French fries, an enterprising individual can even setup a vending machine which dispenses hot French Fries.
Start up cost is relatively low, with most machines being made in China and running the business requires only period checkups and maintenance.
Example: Swift Media began their business by buying movie vending machines from China for the low cost of 50,000 ETB or 1,852 USD a machine which they sell for 85,000 ETB or 3,149 USD to interested buyers looking to engage in the business.
They run their own movie vending machines but also sell them out in order to fill the gap in the city for movie renting centers.
Swift Media as so far setup their machines in 5 different locations throughout the city of Addis Ababa and charge about 25 ETB or .93 USD to 300 ETB or 12 USD for the series and movies taken by flash disks.