Fourth Malting Firm to Commence Operations in March

Dec 5 , 2020

The fourth malt factory in the country, Soufflet Malt Ethiopia, is set to commence operations this coming March at its plant built inside Bole Lemi Industrial Park for a total investment of 70 million euros. Soufflet Malt Ethiopia, which is a French family-owned business, has a capacity of producing 100,000tn of malt a year from its plant built on 10ha of land in the industrial park. Soulfflet Malt has already created a barley supply chain of 25,000 farmers and plans to increase the number of beneficiaries to 40,000 when its factory goes fully operational. Soufflet signed a land lease agreement with the Industrial Park Development Corporation in 2018, a year after it inked a memorandum of understanding for the investment with the Ethiopian Investment Commission (EIC) and the Agricultural Transformation Agency (ATA). Currently, Ethiopia has two operational malt factories, Gonder and Assela Malt factories. Boortmalt, a subsidiary of France’s largest grain cooperative, Axéréal, has also started the process of joining Debre Berhan Industrial Park in Amhara Regional State.



Women around the Koshe area hunt through piles of trash to find scraps of metal to sell. With close to three million people unemployed in the country and a headline inflation of 33pc, unskilled labour is in little demand. Ethiopia has an adult literacy rate of 51pc, with fewer numbers going past high school. Less than three percent of 12th-grade students made it to universities this year while the rest were at the mercy of remedial exams...



An old wooden car that was part of a commercial campaign by a furniture company around the Beherawi Theatre area. Ethiopia's forest coverage to national land size has been registered at 15pc to the latest data by the World Bank. The current Prime Minister Abiy Ahmed launched an initiative labelled 'Green Legacy' to plant five billion trees in 2020 claiming an 83pc success...



A young boy attempts to pull a piece of cloth from an overloaded pickup truck around the Ayer Tena area. Observing an unsupervised child on the streets of the capital has become a common sight, with sporadic conflict across the country creating nearly four million internally displaced people. Despite the last census having been conducted 16 years ago, the population of the country is estimated at 120 million...