How many liters of palm oil did Ethiopia import last fiscal year?
Official sources indicate that Ethiopia imported 73,434 liters of palm oil last fiscal year. It is indicated that cognizant of this hard fact, Sheikh Mohammed Al-Amoudi has decided to erect this state-of-the-art factory to stabilize the price of the product and contribute its share in import substitution.
Is Africa the next growth spot for palm oil production?
As demand grows, Africa is the next growth spot for palm oil production. Dominic Waughray, Head of Public-Private Partnerships at the World Economic Forum, said that the declaration shows how the commitments made by global businesses to remove deforestation from palm oil supply chains are changing the global market.
Where is the modern edible oil factory located in Addis Ababa?
A corner stone for the modern edible oil factory was laid today in Addis Ababa, around Summit area adjacent to Pepsi Cola factory.
How many tons of palm oil can phibela produce a day?
PhiBela Industrial Complex has a capacity of producing 1,500 tons of Palm Oil a day. The factory will be starting distributing its product to the local market starting from tomorrow, it is indicated.
How much oil does Ethiopia eat a year?
The country spends about 600 million USD annually to purchase edible oil every year from abroad and this amounts 1/5 of the county’s foreign trade expenses. Local cooking oil manufacturers cover only four per cent of the country’s total consumption. Official sources indicate that Ethiopia imported 73,434 liters of palm oil last fiscal year.
Is Horizon Plantation part of integrated development projects of MIDROC Ethiopia?
CEO of the Horizon Plantation Investment Group Mr. Jemal Ahmed also said that the oil processing plant is part of integrated development projects of MIDROC Ethiopia.