Market News | FoodAgro Ethiopia 2020

Market News

  • Ethiopia - MIDROC To Construct Edible Oil Factory Worth 4bln Br

    Posted on :Thursday , 16th January 2020

    MIDROC Ethiopia is commenced to build a 4-billion birr worth edible-oil factory which is expected to produce 600,000 liters of cooking oil daily.
     

    A cornerstone for the factory was laid in Addis Ababa's Summit area, adjacent to the Pepsi Cola factory.


    The event was laid by Addis Ababa City Mayor Takele Uma, representative of Sheikh Mohammed Al-Amoudi, Chairman and Owner. . .

  • The Agricultural Commercialization Cluster Launched In Ethiopia

    Posted on :Monday , 16th December 2019

    The Government of Ethiopia in partnership with the EU, Denmark, and the Netherlands, has launched the Agricultural Commercialization Cluster (ACC) program.

     

    The program to be implemented with close to EUR 100 million in funding from the European Union, Denmark, and Netherlands, will benefit five million Ethiopian smallholder farmers.

     

    President Sahle-Work Zew. . .

  • Ethiopian Commodity Exchange Announced Trade Increase In Food Commodities

    Posted on :Tuesday , 19th November 2019

    The Ethiopian Commodity Exchange (ECX) broadcasted the increase in food commodities trade, i.e. a total of 44,394 tonnes commodities worth 2.16 billion birrs in the month of October alone.

     

    According to a statement it extended to Borkena, the exchange has transacted a total of 21,034 tons of coffee, 9,434 tons of sesame, 1,346 tons of white pea bean, 6,534 tons of soya bean an. . .

  • New Investment Plans For Agribusiness In Africa

    Posted on :Monday , 18th November 2019

    Africa is currently the second most populous continent in the world, its current population is 1.2 billion. This growing population of Africa could reach 2 billion by 2030 and 2.5 billion by 2050 as per the United Nations projections. This shows that one in five consumers globally will be African.

     

    Africa’s agribusiness sector is expected to reach $1 trillio. . .

  • Ethiopia - New Technique In Bid To Improve Food Security

    Posted on :Saturday , 2nd November 2019

    Now no more struggles to feed itself for Africa. The government’s Agriculture Transformation Agency, headed by Khalid Bomba, aiming for widespread commercial farming and food security in 20 years.

     

    A former JPMorgan Chase & Co. analyst is using drones and satellites to boost Ethiopia’s agricultural exports and improve food security in . . .

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