New Business 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.

Continuing its decline Ethiopia’s export income for the first nine months of the fiscal year started July 8, 2018, goes down by about 9 percent compared to same time last fiscal year.

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.

With the aim of promoting Ethiopian agricultural commodities globally, Tourism Ethiopia and Ethiopian Agricultural Transformation Agency (ATC) launch “Ethiopia: Taste of Origins” brand.

For the past few years Indian private sector has been partnering with East Africa countries on selected investment areas under a project initiated by the Geneva based International Trade Center (ITC).