MIDROC Ethiopia Technology Group unveiled its plan on May 7, 2015 to invest eight billion Birr on business expansion projects, according to Fana Broadcasting Corporate (FBC).

Sheikh Mohammed Hussein Ali Al-Amoudi, Group’s owner and President disclosed the plan. The projects incorporate a three phase investment in mining, poultry and an integrated dairy and beef development.

The project which is going to create jobs for 3,000 people is expected to be completed between three to five years. The expansion project is beneficial in enhancing the company’s profits and raising Ethiopia’s exports.

MIDROC Ethiopia is a private investment company with 70 groups and subsidiaries which are involved in various business sectors across Ethiopia.

Source: Fana Broadcasting Corporate