Local factory to halve Ethiopia’s edible oil import

Agribusiness

Built in Amhara region, a new edible oil factory from sunflower and soya bean is set to halve the import of Ethiopia.

When it goes fully operational, the new factor constructed in West Gojam zone Bure town on 30 hectares of land, will create jobs for 2,000 people, according to FBC report. The factory has production capacity of 1,400 tons of cooking oil, which can cover 60 percent of the total demand of Ethiopia, according to Eng. Dagnachew Wasse, General Manager of the factory.



So far, the construction of the sheds is completed and installations of machineries is underway, according to the report. The factory is owned by Belayneh Kinde, one of the tycoons engaged in agribusiness and other investments including owning Ethiopian Hotel in Addis Ababa and engaged in export of several agricultural commodities, such as oil seeds.

The total investment of the new edible oil factory is close to 2.1 billion birr (around $73 million). It is also indicated that the factor will be using sunflower and soya beans grown in Ethiopia.