By Andualem Sisay Gessesse / Djibouti – Africa Improved Foods (AIF), an African-focused public private investment engaged in producing nutritious foods, eyes expanding its manufacturing of plant to Ethiopia by investing some $40 million. You know Ethiopia has a population exceeding 100 million and a lot of people are struggling with malnutrition,” said Ramesh Moochikal, CEO of Africa Improved Foods. But if we set up a new plant in Ethiopia, the Ethiopia factory will serve the Ethiopian market by itself. So, our Rwanda factory continues to produce and the Ethiopian factory will take care of Ethiopia by itself. a Dutch company, the International Finance Corporation (IFC), and FMO is the Dutch entrepreneurial development bank, according to Mr. Moochikal.

Source: News Business Ethiopia May 15, 2024 21:45 UTC