2merkato

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.

By forming a joint venture with Albazz Industrial PLC., Falcon Chemicals LLC, a United Arab Emirates based company, has decided to start producing construction chemicals in Ethiopia using local materials.

Food and Agriculture Organization (FAO) provided a USD 50 thousand fund to the Ethiopian Commodity Exchange (ECX) to help the commodity exchange with its wheat trading system and warehouse receipt financing. ECX utilized the fund to launch wheat trading by conducting various activities including drafting agreements, hosting consultation sessions with stakeholders, and preparing education and communication materials.

FAO announced it is launching a network of in-country innovation hubs in Ethiopia, established by FAO and Ethiopia's agricultural institutions, to support farmers and value chain actors. Similar hubs will also be set up in Dominica, Grenada, and Morocco.

The Farida Group based in Chennai, India has launched a tannery in Ethiopia. The tannery is intended to target the export market including to India.

The new tannery commissioned at the end of the last year is expected to have the potential capacity to manufacture an estimated 800,000 sq. ft of leather, said  Rafeeque Ahmed, Chairman, Farida Group.

The factory was launched through Farida’s international subsidiary in Singapore. The plant will supply finished leather to the international markets as well as catering to the leather requirements of the Farida group according to Ahmed.