12 °c
London
Friday, May 20, 2022
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Trade

Ethiopia gets 2nd avocado processing factory for export

FurtherAfrica by FurtherAfrica
January 5, 2022
in Africa, Agriculture, Ethiopia, Trade
Reading Time: 2 mins read
866 9
0
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

YBM, a new private avocado oil processing company, has gone operational within Yirgalem Agro-processing Park in Southern region of Ethiopia.

Established with 104 million Birr investment capital, the new factory is set to start processing and exporting avocado oil to different countries, according to the Ministry of Trade and Industry of Ethiopia.

Mr. Tamene Gobena, General Manager of YBM indicated that by extracting oil from avocado fruit, the factory will export its products to European market. Some 40,000 smallholder farmers found near Yirgalem Agro-processing park will provide avocado to the factor. YBM, which officially began production two weeks ago, has created jobs for 50 permanent and 150 temporary workers.

Expanding its production, the factory plans to increase its number of employees to 500, according to Mr. Tamene, who indicated that his company has created additional income for the smallholder farmers in the area and jobs at the factory for their children.

Also read: Ethiopia expands wheat farms irrigation

In addition to YBM, another avocado processing factor, named, Sanvado, has been extracting avocado oil and exporting to the Netherlands for the past three years, according to the report of the Ministry of Trade and Industry. Sanvado is also located within the state-owned Yirgalem Agro-processing Park.

In recent years the Government of Ethiopia has been working to improve the quality and production of avocados in an attempt to include the Fruit to its export items list. The Government of Israel through its development agency MASHAV, and USAID have been assisting the Ministry of Agriculture of Ethiopia in introducing new avocado varieties and providing technical support.

Hass is one of the highly preferred avocado variety from Israel, which Ethiopian farmers have been producing for export over the past few years.

Related

Source: New Business Ethiopia
Tags: agricultureavocadoavocado oilavocado oil processing companydevelopmentEthiopiaEthiopia gets 2nd avocado processing factory for exportEthiopia Ministry of AgricultureEthiopia Ministry of Trade and IndustryEthiopian farmersfarmersFeatureGeneral Manager of YBMHassIsraelMASHAVMr. Tamene GobenaNetherlandsprocessing factorySanvadoTradeUSAIDYBMYirgalem Agro-processing Parkэфиопияأثيوبياエチオピア埃塞俄比亚
ScanSendShare350Tweet219Share61Pin79Send
FurtherAfrica

FurtherAfrica

Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

Related Posts

Travel

Spain, Morocco reopen land borders

by FurtherAfrica
May 20, 2022
Business

MTN Rwanda proposed £5.2M in dividends to shareholders

by Taarifa Rwanda
May 20, 2022
Finance

Citi, British International Investment agree $100 million risk-sharing lending deal for Africa

by FurtherAfrica
May 20, 2022
Business

South Africa still an investment destination of choice

by FurtherAfrica
May 20, 2022
Finance

Afreximbank and APPO sign MoU for Creation of Energy Bank

by FurtherAfrica
May 20, 2022
Great Limpopo Transfrontier Park
 
AFSIC 2022
 
MozParks

Translate this page

Read the Latest

Travel

Spain, Morocco reopen land borders

by FurtherAfrica
May 20, 2022
0

The land borders between Spain and Morocco at Ceuta and Melilla, Spain’s North African enclave cities, have begun to reopen...

Read more

MTN Rwanda proposed £5.2M in dividends to shareholders

May 20, 2022

Citi, British International Investment agree $100 million risk-sharing lending deal for Africa

May 20, 2022

South Africa still an investment destination of choice

May 20, 2022

Afreximbank and APPO sign MoU for Creation of Energy Bank

May 20, 2022

FurtherAfrica Partners

The Exchange Club of Mozambique Taarifa Rwanda
TechGist Africa Africa Oil & Power Farmers Review Africa
Tanzania Invest Zambia Invest See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
Digilogic Africa

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 73,051 other subscribers.

FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?