Members of the Impact Angel Network (IAN) closed an investment in the food and beverage industry in Ethiopia. The investment will fund the expansion of a leading producer of paper products and importer, manufacturer and distributer of fast-moving consumer goods in Ethiopia. The company sees an opportunity to leverage management’s experience in the sector and the IAN and RENEW’s support to gain significant market share in the growing food and beverage industry by offering low-cost, locally produced alternatives to expensive imports.
U.S. Ambassador to Ethiopia Patricia M. Haslach joined President Mulatu Teshome at the Origin Africa presents: Africa Sourcing and FashionWeek trade expo to promote East African countries as sourcing and investment destinations for international buyers of apparel, textile, leather, and home decor. The United States Agency for International Development (USAID)-supported trade expo is a prime opportunity to raise the profile of East African designers and manufacturers, and draw investment to the region.
The sounds of celebration! That was the sound heard across the rural township of Durame on October 17, 2015, as thousands of people from Kembatta zone, located in the Southern Nations, Nationalities and Peoples' region of Ethiopia came together to celebrate the Beginning of the End of Marginalization.
Key stakeholders from the wheat flour industry came together today to celebrate business growth and share learnings from three years of engagement under the African Alliance for Improved Food Processing activity, a public-private partnership between the United States Agency for International Development, Partners in Food Solutions and TechnoServe. The activity worked with Ethiopia’s commercial wheat millers, producers of fortified blended foods and flours, bakeries, and pasta manufacturers to expand wheat flour fortification in Ethiopia.
Members of the Impact Angel Network (IAN) and another U.S. investment group recently signed an agreement to invest into a sesame company based in Addis Ababa, Ethiopia. The investors anticipate that over the next five years, the company will support more than 10,000 small farmers, strengthen the sesame industry in Ethiopia, generate $32 million in export sales and create more than 60 jobs in the manufacturing sector.
Last updated: April 22, 2016