Tunisia to continue relying on grain imports to meet growing demand

TUNISIA – Favourable weather conditions are expected to boost production of grains in Tunisia to 1.2 million metric tonnes (MT) of wheat and 650, 000 MT of barley in the Market Year (MY) 2021/22. This is a rise from MY 2020/21 production estimates of 1.04 MMT for wheat and 465,000 MT for barley. According to a GAIN report prepared by USDA Foreign Agricultural Services, ample rainfall and good soil moisture encouraged farmers to seed larger areas in October to December 2020. The seeded area for wheat increased from 556,000 HA…

Read More

Ethiopia’s oil seeds production to marginally decline due to drop in sesame production

ETHIOPIA – Ethiopia’s oil seeds production i.e., sesame seed, Niger seed, and soybeans in marketing year 2020/21 (October to September) is estimated to reach 705,000 metric tons, slightly down by 0.3 percent over previous year. The production quantities of Niger seed and soybean during the period under review are estimated to increase by 2 and 14 percent, respectively, over last year’s level reaching 300,00 metric tons (MT) for Niger seed and 150,000 MT for Soybean. Expansion in planted acreage and improved yield due to good weather conditions are set to…

Read More

East Africa Bottling Company, Ambo Water get favourable verdict over disputed merger allegations

ETHIOPIA – The Federal Supreme Court of Ethiopia has finally given the verdict on the case by the Trade Competition & Consumer Protection Authority (TCCPA) against East Africa Bottling Company, bottlers of Coca-Cola and Ambo Mineral Water over an alleged illegal merger. The case, dating 16 June 2017 implicated that the two companies, Ambo Mineral Water and East African Bottling Company had engaged in an illegal merger without proper notification to the authority. According to reports by Addis Fortune, Justices at the Supreme Court`s Cassation Bench ruled that there is…

Read More

Cameroonian SODECOTON to build US$45.5m cottonseed oil plant, Ethiopian edible manufacturer expands facilities

CAMEROON – SODECOTON, Cameroonian state- owned enterprise in charge of managing the cotton sector, has made preparation to construct XAF25 billion (US$45.5 million) cotton seed oil production plant in Tchabal Margol-Ngaoundéré, Adamaoua. This is in anticipation to a rise in cotton production to at least 400,000 tons per annum by 2025 in the country. The new oil production plant with a daily pressing capacity of 300 tons, will be the third similar infrastructure owned by SODECOTON, joining the facilities in Garoua and Maroua, reports Business in Cameroon. To facilitate funding…

Read More

Ethiopia set to build US$193.7m Integrated Agro- Industrial Park, fostering economic growth

ETHIOPIA – The Oromia Industrial Parks Development Corporation of Ethiopia has signed an agreement worth Birr 7.8 billion (US$193.7m), to build a 250ha agricultural processing park in the western highland province of Oromia. The agreement was signed by Sisay Gemechu, head of the Ethiopian Industrial Parks Development Corporation, and Dereje Ermias, head of the Walabu Construction Share Company, a contractor based in Oromia. According to reports by Ethiopia News Agency, the entire budget required for the construction of the park will fully be covered by the regional government and it…

Read More

IFC seeks to issue US$10m financing to Ethiopia’s leading poultry company EthioChicken Group

ETHIOPIA – Ethiopia’s leading producer of day-old-chicks and poultry feed, EthioChicken Group is set to acquire a US$10 million loan from IFC to enable it implement its 5-year program. Under the company’s growth plan, it seeks to construct two new breeding farms with a capacity of 60K bird each and one new hatchery facility, expected to cost US$16.2 million. The two new breeding farms will be built in SNNPR region and Amhara region, while the new hatchery will be built in SNNPR region. In addition, the group will utilize the…

Read More

Ethiopia opens mega edible oil processing factory worth US$113.7m to meet domestic demand

ETHIOPIA – Ethiopia has inaugurated the new PhiBela Edible Oil Factory worth Birr 4.5 billion (US$113.7m) in the Amhara regional state built by the multi-sectoral company, Belayneh Kinde Group. According to reports by New Business Ethiopia, the facility with a daily production capacity of 1.5 million litres of palm oil is deemed to be the largest edible oil factory in the country to potentially cover 60% of the country’s demand when fully operational. It will play a significant role of stabilizing the domestic market of edible oil before venturing into…

Read More

Ethiopia’s Green Agro Solutions partners with Commercial Bank of Ethiopia to digitize financial transaction by farmers

ETHIOPIA – Green Agro Solutions, an agribusiness service provider in Ethiopia offering a one stop shop for farming solution, has on-board the services of Commercial Bank of Ethiopia (CBE) on its digital platform known as Lersha to enable farmers carry out secure and efficient financial transactions. Lersha is a digital platform that gives rural farmers access to information and services pertaining to their agricultural practices. In addition, it enables farmers to procure raw materials and machinery. Weather forecasts, pest detection, advisory service and mechanisation equipment to help the farmers increase…

Read More

Ethiopia launches construction works of US$126.9m Ajima-Chacha dam

ETHIOPIA – The government of Ethiopia Ethiopian has launched the construction of the Ajima-Chacha irrigation dam in the Amhara region in the north of the country. The US$126.9 million project has been awarded to the Chinese Civil Engineering Corporation (CCEC) in partnership with Amhara Water Works Construction Enterprise. The Ethiopian Minister of Water, Irrigation and Energy, Seleshi Bekele, recently visited the Amhara region to lay the foundation stone for the construction of the dam on the Jimma River. Construction of the reservoir, 45.5m high and 371 m long dam capable…

Read More

Global malting company Boortmalt kick starts production at its US$71m plant in Ethiopia

ETHIOPIA – Boortmalt, world’s leading malting company has commenced operation at its new Birr 2.8 billion (US$71.6m) plant inside the Debre Birhan Industrial Park Zone. The factory having a processing capacity of 60,000 tons of malt per annum is seeking to quench the thirst of the 14 Ethiopian breweries whose demand stands at around 170,000 tons per year. The Belgium headquartered company has revealed that it will source its barley from 40,000 – 50,000 contracted farmers as it is committed to the long-term sustainable business model that benefits the farmers,…

Read More