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Ethio Lease to mechanise the agriculture sector

The first foreign-owned leasing company, Ethio Lease, yesterday signed Memorandum of Understanding (MoU) with the Ministry of Agriculture and the Agricultural Transformation Agency (ATA) enabling it to lease agriculture machineries to ATA sponsored farmers’ mechanisation centres.  

Dedicated entity to administer land in Ethiopia

Advisors at the Ministry of Agriculture (MoA) are proposing a separate entity for the management and administration of land resources in Ethiopia, a recommendation prominent experts in the field have been forwarding for many years.

IFAD offers co-funding of USD 305 mln for farmers’ program

The International Fund for Agricultural Development (IFAD), one of the three Rome-based UN agencies, has agreed to provide USD 40 million as part of the USD 305.7 million co-financing needed to back the Rural Financial Intermediation Program the Government of Ethiopia is about to implement.

IFC injects EUR 20 mln in Soufflet Ethiopia

The International Finance Corporation (IFC), a member of the World Bank Group, has financially backed Soufflet Malt Ethiopia – a subsidiary of the French-based Gruope Soufflet – with EUR 20 million to help expand the company’s malt production and for its role involving some 40,000 smallholder farmers in the value chain.

FederUnacoma eyes Ethiopian market

The Italian Agricultural Machinery Manufacturers Federation (FederUnacoma) aims at strengthening its presence in Sub-Saharan Africa with special emphasis on Ethiopia and Nigeria.

GIZ launches award for Ethiopian coffee farmers

German Ministry for Economic Cooperation and Development through the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), has launched an award to recognize innovative ideas within the farmers of Ethiopia worth EUR 50,000.

Karuturi, Saudi Star et al labeled poor performers, less responsible investors

A development and environmental scholar, Atkyelesh G.M. Persson has found out that foreign large-scale firms engaged in the Ethiopian agricultural sector have failed to deliver on productions and argued that most of the companies studied have been found to meet the minimum standards of a “responsible investors”, The Reporter has learnt.