| Location | Addis Ababa, Ethiopia |
| Primary Category | Coffee |
Kare Import & Export is established in 2009 as a pharmaceutical products importer and Distributor and exporter of Ethiopian coffee, sesame, and different grains.
It is engaged in the Import and distribution of Human drugs, Medical supplies, and Medical equipment products.
Kare Import & Export is exporting coffee and Cereals to different international destinations.
Currently due to its plan to expand its export business, the company plans to buy a membership seat from the Ethiopian Commodity Exchange.
Kare Import & Export has begun its business with a registered capital of Birr 1,000,000.00 (One Million ETB) having its head office in Addis Ababa Nefas Silk sub city.
Now the company’s share capital has increased to over 557,000,000 Birr.
Further, the company management approves a target to boost the imported and export sales to Birr 2.25 billion and 500 million Birr respectively for the current fiscal year
Activity
Kare imports & Exports and distributes a wide range of pharmaceuticals, taking distributing agencies from foreign manufacturers of different human medicines and medical equipment products.
Our main clients in the distribution include Wholesalers (Pharmaceutical and none Pharmaceuticals) and retailers (Pharmacies, Drug Shops, Rural drug vendors, Hospitals and NGOs).
Kare Import & Export is heavily participating in the export market mainly with the export of coffee and cereals. It is now planned to participate in the export of coffee and beans to the European market, Middle East, and China.
Our Mission
The Mission Statement of Kare Import & Export P.L. C is
Our Values
The company sets standard moral values and ethical principles in its customer-focused operations, delivering optimal returns for its customer’s investments and for its shareholders.
The following are the keywords in our values:
Existing Product Range
The major categories of products included and designed to be included in the import and distribution business are the following:
a) Pharmaceuticals (Human Drugs, Laboratory Reagent,s and Chemicals)
b) Medical Supplies and Medical Equipment
c) Baby milk and baby foods
The products incorporated in the exporting list of the company include:
a) Ethiopian Coffee from different areas (Wellega, Harer, Sidama
b) Cereals (Soya bean, Mung bean, Sesame seed, Niger seed, chickpea…)
Company Location and Facilities
The company is located in Addis Ababa, the capital of Ethiopia, and has a branch in Jimma and Nekemit that is operating from its sister company.
The company worked with more than 120 sub-distributors located in different regional cities of the country.
Management
Organizational Structure
The company has been organized with highly skilled professionals.
The total number of employees at present 121 and most of them are professionals trained in the field of Business Finance and marketing, Pharmacy, Food, chemical engineering, and bio-medical engineering.
The management team of the company mainly plays leadership roles and is responsible for the daily operations, overseeing sales and marketing efforts, managing inventory and all other administrative duties.
The organizational structure of the company is designed in a way to effectively and efficiently undertake all activities to meet the organization's objective with the minimum possible administrative costs.
Sister companies
Kare Import & Export P.L.C. has a sister company, Wellega Pharmaceuticals PLC, Shenen Gibe Pharmaceuticals P.L.C. and Watto Coffee Development PLC; that involved in the local distribution of medicines and Medical supplies and coffee producing and exporting business.
These firms are engaged in business which have good contribution to the community and created a job opportunity for more 320 persons who are earning their income directly or indirectly.
Objective of the project
The main objectives of reinterring into this export activity are
Hence engaging in export activity is believed to help the company to utilize its own foreign currency earning.
The main objectives of reinterring in to this import activity are
Hence engaging in import activity is believed to help the company to strengthen its future capacity.
Market analysis summary
Ethiopia's estimated production of coffee is often said to be the largest in Africa.
In addition Ethiopia is a major supplier of coffee to international markets, the number of coffee export has increased dramatically in last two decades.
It is estimated to number over 150 million in 2007/2008 and in 2019 FAO estimated that Ethiopian coffee contribute about 70 percent to total export earnings, of which 69 percent accounted for by Wellega and Harer coffee exports.
This number indicates the rich potential the country had in generating foreign currency through the export of these items.
Supply of coffee and other products
Source: ECSA
Source; NBE annual report
Description of the project
The current project mainly focused on exporting of Agricultural products to Europe, the Middle East, India and China markets.
The export activity includes Coffee, Seasam and Cereals.
Detail descriptions of the products included in this project are summarized in table below:
The current project focused on both importing medical products from Europe, India and Chaina in to the local market and exporting of Agricultural products to Europe, the Middle East, and India and China markets.
The importing products are human medicines and medical equipments.
The export activity includes Coffee, Seasam and Cereals.
Detail descriptions of the products included in this project are summarized in table below:
