Haredo LLC chocolate company announced the completion of its around $5 million investment (110 million birr) brand new factory at the Tatek Special Industrial Zone in West Shewa, Oromia of Ethiopia. Upon receiving delivery of further machinery from Europe, the chocolate factory will immediately commence production, creating as many as 120 jobs directly and 250 indirectly. The factory has an annual capacity of 3,000 tons of chocolate but will begin production at an annual rate of 1,000 tons in the first year. Chocolate products will be sold in the fast-moving consumer goods market (FMCG), both in Ethiopia and abroad. The vast majority of chocolate producers nowadays buy generic chocolate from a few big chocolate mass manufacturers and then develop and produce their particular product using additives.

Source: News Business Ethiopia March 25, 2017 11:36 UTC