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Faffa Foods SC, Ethiopia introduced two new flavors of one of its latest products, Saba powdered soy milk at an even organized at the Sheraton Addis last week.

The event organized to promote the new product was attended by representatives from American innovator of Soy products, food ingredients and other nutritional products, Solae. The representatives were able to give a presentation on the various products offered by the company.

Saba Soy milk is packaged in Ethiopia with the powdered milk imported from one of the Solae branches in Kenya according to Zeku Ebro, General Manager of Faffa Foods SC.

Ethiopian Sugar Corporation has supplied over 4.3 million quintals of sugar to consumers during the fiscal year. More than 1.8 million quintals of the sugar supplied to consumers was imported by the government to stabilize the market according to the corporation report.

The difference of 2.6 million quintals was produced by locally by Fincha, Metehara and Wonji-Shoa factories. The factories were also able to produce more than 11 million liters of ethanol during the same period.

A wire and cable manufacturing plant was inaugurated in Ethiopia by Siraj Fegesa Minister for Defense. The manufacturing planted constructed in the Oromia Regional State is expected to contribute towards alleviating the shortage of electric wires and cables in the country he said at the inauguration ceremony.

The products manufactured by the plant are expected to play a significant role in supporting the large infrastructural projects in the country including the construction of hydro electrical dams, railway systems, sugar factories, fertilizer factories, road networks and other industrial initiatives that are part of the national development agenda according to Shambel Assefa Yohannes, Manager of the Ethiopian Power Engineering Industry.

Mesfin Industrial Engineering, Ethiopia launched a new vehicle model named ‘Addis’. The new model which is equipped with a capacity of 1300cc is the second new line inaugurated by MIE within a year.

The new model is expected to cost the 430 thousand birr with customers paying 30% beforehand and the remaining 70% upon delivery.

MIE has assembled 32 Addis vehicles so far and plans to enhance its capacity to 1000 vehicles every year. The vehicles are assembled by the company from parts imported by Chinese automobile manufacturer Geely International.

Aarti Steel Plc is planning to inaugurate a one billion-birr factory in the Oromia Regional State, of Ethiopia. The Indian Steel manufacturing company established the factory on 40 thousand square meter of land in the Galan area of the region after obtaining a business license to invest in Ethiopia earlier this year.

The new factory is intended to produce galvanized corrugated steel said Dinesh Satti, Accounts Manager at Aarti Steel Company. 

The company based in Punjab conducted substantial market research before entering the market and expects to begin manufacturing different types of steel including round and square steel tubes by next year explained Satti.