Soufflet to Start Production

Jun 12 , 2021


[ssba-buttons]

Soufflet Malt Ethiopia S.C. is set to begin production at its barley malting plant in Addis Abeba's Bole Lemi II Industrial Park in the coming weeks. The installation of machinery was recently completed at the plant, which was erected with an investment of 70 million euros and has the capacity to produce 110,000tn of malted barley a year. The Soufflet Group, a French business working on adding value to agricultural raw materials, operates 27 plants in Europe, Asia, and South America. The Group signed a land lease agreement with the Industrial Parks Development Corporation (IPDC) three years ago to open its first malting plant in Africa. Boortmalt, another French malthouse, began production at its facility in Debre Berhan Industrial Park at the end of last year. Ethiopia produces two million tons of barley for human and animal consumption, more than any other country in Africa.


Radar

Ethiopia Unveils Consortium to Insure Millions of Farmers

Ethiopia has launched its Agricultural Insurance Consortium (AICE), pledging to protect three million farmers by 2026. Announced on July 3, 2025, at the Hyatt Regency, the initiative is backed by Pula Advisors and five major Ethiopian insurers. AICE plans to promote climate resilience through insurance bundled with the government's input voucher system. Leveraging AI platforms like Mavuno and PIE, it plans to standardise products, lower costs, and expand coverage to over 200 woredas. With agricu...


Radar

New Coopbank Partnership Targets Youth Economic Empowerment

The Cooperative Bank of Oromia (Coopbank) has signed a strategic agreement with Melka Ethiopia to provide loan services to over 120,000 young men and women nationwide. The partnership plans to promote youth economic empowerment by expanding access to finance and creating jobs, with a strong focus on rural and underserved areas. Both institutions held joint discussions to explore ways to improve youth livelihoods and financial inclusion. By closing access gaps, the partnership is expected to help...


Radar

Ethiopian Netpreneur Program Training Kicks Off

The Ethiopian Netpreneur 2025 Training Program has officially launched its first cohort in Addis Abeba with 64 entrepreneurs beginning their first round of training. Organised by the Global Digital Talent Academy, the initiative plans to empower local business owners, startup founders, and digital sector players with global-level e-commerce skills. At the launch event, Innovation and Technology Minister Belete Mola (PhD) urged participants to leverage the opportunity to build networks and shape...