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Al-Amoudi’s Horizon eyes global banana market following acquisition of enterprises
Sheikh Mohamed Al Amoudi
Addis Ababa, Ethiopia - Horizon Plantations, an emerging agro-specialized business owned by Africa’s second richest black person, plans to compete with world’s leading banana producers following acquisition of several state enterprises.
Proprietor of Horizon Plantations and MIDROC Ethiopia, Sheikh Mohammed Hussein al-Amoudi on Thursday, April 4, 2013 signed over 1.1 billion...
ECX, US to strengthen coffee trading, marketing
Dennis Weller (left) and Anteneh Assefa
By Dawit Taye
Addis Ababa, Ethiopia - The Ethiopia Commodities Exchange (ECX) signed a Memorandum of Understanding (MoU) with the United States government, through the United States Agency for International Development (USAID), to collaborate on increasing the quality, trace ability and marketing of coffee on Thursday .
Under this agreement, which was...
Ethiopia’s huge bamboo potential offers lucrative opportunities
Addis Ababa, Ethiopia – Â Ethiopia’s Ambassador to China, Seyoum Mesfin, said Ethiopia has huge bamboo potential which can create significant opportunities of investment to interested foreign companies.
He said Ethiopia’s bamboo resource potential is the biggest in the continent, accounting for 67% of the total area of bamboo coverage in Africa.
Ambassador Seyoum made the remark on...
What the Teff?
An ancient grain takes hold in Southern Idaho.
by James Patrick Kelly
Wayne Carlson became enamored with the tiny teff grain while living in Ethiopia and working on a project to prevent waterborne diseases in the 1970s. He said that everyone he met in the country ate injera–a spongy, crepe-like bread made from teff flour–with almost every meal.
“That’s about the only way...
Eleni, Kalibata Honoured at a Gala in Arusha
Addis Ababa, Ethiopia -Â It was a busy week for Arusha, Tanzania, which hosted the fifth African Green Revolution Forum (AGRF) from September 26 to 27, 2012.
The forum, chaired by Kofi Anan, former secretary general of the UN and chair of the Alliance for African Green Revolution (AGRA), took place at Mountain Ngurdoto Lodge in Arusha, 800km from the capital, Dodoma, brought together small holder farmers,...
Yara International ASA: African female leaders awarded the Yara Prize
Oslo (Press Release): The Yara Prize 2012 is being awarded to Dr. Agnes Kalibata, Minister of Agriculture and Animal Resources in Rwanda, and to Dr. Eleni Gabre-Madhin, outgoing CEO of the Ethiopian Commodity Exchange (ECX) in Ethiopia.
The Yara Prize Committee has selected two prominent African female leaders for their work on groundbreaking areas for the African Green Revolution: effective public...
DuPont set to expand business in Ethiopia
By Hayal Alemayehu
- Farmers witness company’s products triples their production
Addis Ababa, Ethiopia – With its selected seed products making change in the lives of farmers here, DuPont, the U.S.-based Fortune 100 company, is up to expand and diversify its business and products here.
“We are here to learn more what the Ethiopian farmers need best while our revenue both in Ethiopia and Africa...
Saudi Billionaire to Invest $600 Million in Ethiopia Cooking Oil
Addis Ababa, Ethiopia – An Ethiopian company majority-owned by Saudi billionaire Mohammed al-Amoudi plans to invest $600 million over two years to produce edible oil, its general manager said.
Horizon Plantations Ethiopia leased a 20,000-hectare (49,400-acre) plot in the northwestern Benishangul-Gumuz region last month to grow groundnuts, as part of a government drive to boost commercial agriculture,...
