Ethiopia Needs $2b to Import Edible Oil for the Next Two Years

Jul 3 , 2021


Close two billion dollars is needed to import semi-processed edible oil for the newly built plants in Ethiopia, according to the Ministry of Trade & Industry. This is almost equal to 66.6pc of the country's annual exports and would enable factories to utilise their production capacity to the fullest. There are 26 large and 206 medium oil-producing industries in the country, with a capacity of producing 1.2 billion litres of edible oil. Efforts are underway to satisfy the forex demand of the industries, according to Melaku Alebel, minister of Trade. "We're working to satisfy demand through domestic production," he said. The country's demand for edible oil projected to reach 906.5 million litres a year, while the number of edible oil refineries operating has been increased from 14 to 30.


Radar

CLEAN SWEEP

A young shoe shiner goes door to door, offering his services around the Stadium area. It is common in the capital to see young rural migrants engaged in physical labour, scraping change to send home. CHR Michelsen Institute (CMI) estimates that one out of three rural households has at least one family member migrating to cities. Extreme poverty and lack of access to farmland force many to look for better prospects in the city. Upward income mobility has remained stagnant over the last five years...


Radar

WET CARRIAGE

A carriage around the Ayat area delivers water, as homes rarely access tap water in the area. Ethiopia has nine major rivers, and twelve big lakes, often called the water tower of Africa. However, UNICEF estimates that up to 80pc of communicable diseases in Ethiopia are due to a lack of access to safe water and sanitation. The second most populous country in Sub-Saharan Africa has the highest percentage of the population without access to potable water at 60pc, while the average daily consumptio...


Radar

FRIENDLY SHOOT OUTS

Holiday activities at Jan Meda included penalty shoot outs for cash pay alongside other carnival games. The World Cup final in Qatar ended in penalty shoot outs this year, a global audience of 1.5 billion watched the spectacle. While the tournament's ending had stirred planetary awe, the death of 37 workers during the construction of the stadiums had given the games a sour taste early on. The tournament broke records of the biggest budget of more than 200 billion dollars and the most spectators...