Ethiopia’s meat processing industry generates over 100 million USD


Ethiopia’s meat processing industry generates over 100 million USD
Ethiopia’s meat processing industry generates over 100 million USD

The increasing meat processing industries in Ethiopia are boosting the Nation’s foreign currency earning disclosed Ethiopian Meat and Dairy Processing Industry Development Institute.

Debele Lema, Communication Director at the Institution stated during the past few years now the sector has been improving as the processing industries have increased in number. “Before ten years, the companies were finger counted. But now, they have reached 15 which could be an indicator of the sector’s development,” he stated.

He said the sector was able to generate only 17 million USD in 2014. But this number had increased by more than 100 million USD only in the past Ethiopian fiscal year. The Director also stated that the amount of meat for export is increasing every day.

As to him, most of the companies, which are engaged in the sector, are owned by local investors and the foreign investment seems to be low. However, some companies are showing interest to come and invest on the sector these days. He also noted that there are some challenges when it comes to production because of limitation on quality resources. And the country has not been benefiting from the sector’s untapped potentials to the level it should.

If stakeholders discharge their responsibilities efficiently especially on resources facilitation, it will be easy to invite more new investors and support the existing ones, said Debele. More than 95 percent of the country’s processed meat market destinations are around the Middle East, Saudi and Dubai. There is also a plan to create new market linkage with other three countries this fiscal year, he said.

The Director added that the institution has a plan to build more slaughterhouses and increase the number of suppliers for better amount of resources and overcome the challenges on the sector. It is learnt that Ethiopia is estimated to be a land of largest livestock population in Africa and also one of countries of the world at the forefront when it comes to the livestock size.

The Ethiopian Herald, Sunday Edition October 13/2019


Like it? Share with your friends!

What's Your Reaction?

hate hate
0
hate
confused confused
0
confused
fail fail
1
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
1
love
lol lol
1
lol
omg omg
0
omg
win win
0
win
Solomon Yimer

0 Comments

Your email address will not be published. Required fields are marked *

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format