Africa Reports

List of all articles filed under “africa-reports” category.

Top Investment Institutions in Ethiopia

Top Investment Institutions in Ethiopia
 Addis Ababa Chamber of Commerce and Sectoral Associations
Addis Ababa Chamber of Commerce and Sectoral Associations (AACCSA) is one of the well-organized institutions that in one way or another work on promoting the investments and improving the overall investment climate in Ethiopia.
 Ethiopian Privatization Agency
This Agency is an autonomous government office which is entrusted with the tasks of privatizing, supervising, guiding, supporting and controlling state-owned enterprises to render them competitive and profitable and thereby enabling them to play significant roles in the implementation of the country’s Growth and development Strategy.
 Ethiopian Investment Agency (EIA)
The Ethiopian Investment Agency (EIA) is a government agency established in 1992 to promote private investment, primarily foreign direct investment. The overall activities of the Agency is supervised and followed up by an Investment Board, which is chaired by the Minister of Industry. The EIA is headed by a director general who is also a member of the Board and two deputy director generals.

Top Insurance Companies in Ethiopia

Top Insurance Companies in Ethiopia
The number of insurance companies increased to 14 as two more private insurance companies were opened during the year. Their branch network reached 221 following the opening of 11 additional branches during the same period. Except 1, all the other insurance companies with a branch network of 81.4 percent were privately owned. About 51% of these insurance companies are in Addis Ababa.

Top Agriculture Companies in Ethiopia

Top Agriculture Companies in Ethiopia
Following the attempt to expand the commercial farming in Ethiopia, a huge plot of land is being leased by the government to the different investors—both foreign and local. We have compiled a list of the top companies in the agriculture sector, i.e. the top large-scale agriculture companies involved in the commercial farming in Ethiopia, according to the latest statistics available. Among the top agriculture companies are Ethio Agri-CEFT and Horizon Plantations, both of which belong under MIDROC Group, the leading investor in Ethiopia.
 Ethio Agri-CEFT
Ethio Agri-CEFT is one of the top companies involved in the agriculture sector of Ethiopia. The company is an affiliate of MIDROC Group and has been raking among the largest coffee and tea farms in the country for the last 15 years. It is highly involved in tea production and tea exports. It also produces washed and sun-dried coffee, black tea, green tea, food crops, medicinal as well as bio-pesticides, herbal and aromatic plants, spices, honey and cut flowers.
 Horizon Plantations (Horizon Company)
Horizon Plantations is a specialized arm of the MIDROC conglomerate established in December 2009 by Sheikh Mohammed Hussein Ali Al-Amoudi, Chairman of MIDROC Ethiopia Investment Group, and Mr. Jemal Ahmed, Chief Executive Officer of Horizon Plantations. Its main purpose is to develop large scale perennial plantations starting up with an initial paid up capital of 190 million Birr. Horizon’s vision is to become a leading agricultural producer, processor and exporter in Ethiopia.
 Karuturi Global Ltd
Karuturi Global Ltd is an Indian agro-company, which is among the world’s biggest producer of cut roses. Karuturi Global Ltd has entered Ethiopian market about a decade ago and it is another of the top companies in the large-scale farming sub-sector. The company has acquired 300,000 hectares of fertile farmland in Ethiopia through a very cheap land lease for 99 years.

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