New Business Ethiopia

Gemcorp, the London based company with trading hubs in Dubai and Geneva, announced today winning yet another bid to deliver 200,000 metric tons of wheat to the National Disaster and Risk Management Commission of Ethiopia.

BY MEKONNEN TESHOME – Sheikh Mohammed Hussein Ali Al-Amoudi, Chairman and Owner of the leading Ethiopian investment group, Midroc Ethiopia, is set to invest 4 billion birr (around $126.2 million) in mega edible oil processing factory in Addis Ababa, Ethiopia.

Global vision Partners Commercial and Industrial PLC is a company based in Ethiopia intends to install edible oil extraction, refining and palm oil fractionation plant.

Golden Africa, a Malaysian company is set to invest in edible oil manufacturing in Ethiopia creating jobs for 1,500 people in two years time.