FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds



MIDROC Cocoa Drive, Local Production Focus on Value Addition


MIDROC Cocoa Drive, Local Production Focus on Value Addition

MIDROC Investment Group is placing a bold wager on cocoa in the lowlands of Sheka. Building on extensive trials at the Bebeka Coffee State Farm, the company has introduced globally prized Forastero, Trinitario, and Criollo varieties alongside coffee. "The results are astonishing," said General Manager Beshada Worku, pointing to international prices that range from 8,200 to 14,000 dollars a ton. The project's first phase covers 50 hectares, with 44,000 seedlings already planted. Expansion to 100 hectares is planned for next year, and 200 hectares within three years, with expected yields reaching eight tonnes per hectare. With global supplies squeezed by shortfalls in West Africa, Ethiopia is positioning itself to enter the cocoa market from a place of strength. MIDROC’s ambitions extend well beyond cultivation. A domestic chocolate factory is in the pipeline to meet surging local demand, create jobs, reduce postharvest losses, and ensure value is retained at home rather than lost through raw exports. International partners are already engaged: the Netherlands Embassy is brokering partnerships, while Ghana and Cameroon are supplying high-quality seeds. Discussions with authorities are underway to ease import regulations and provide policy support for the sector's growth. To sustain the venture, MIDROC is investing in human capital. Training programs, conducted both locally and abroad, are equipping skilled manpower to anchor the emerging industry. What began as a small experiment is quickly transforming into a national opportunity. Cocoa, once absent from Ethiopia's agricultural story, is becoming a crop of strategic importance. If successful, the country may soon be recognised not only for the aroma of its coffee but also for the rich promise of cocoa rising from its fields.

[ssba-buttons]

Radar

Freight Forwarders Earn FIATA Diplomas as Sector Eyes Global Stage

The Ethiopian Freight Forwarders & Shipping Agents Association (EFFSAA) has graduated a new cohort of professionals from the internationally recognised FIATA Diploma Programme, bolstering efforts to strengthen Ethiopia's logistics and freight forwarding sector. EFFSAA President Dawit Wubshet (PhD) said the association has trained more than 495 professionals since launching the programme. He noted that EFFSAA is working with international partners to expand digital learning and introduce o...


Radar

Parliament Backs Italian, French Loans for Reform, Infrastructure

Parliament has ratified two loan agreements worth a combined 124.6 million euros with the governments of Italy and France, approving both proclamations unanimously during its second emergency session of the fifth parliamentary term. The larger agreement secures a 70 million euro loan from Italy to provide direct budget support for the government's economic reform agenda. The concessional financing carries a 30-year repayment period, including a 16-year grace period, with no interest or servic...


Radar

Ethio Re Seeks Capital Reset for Regional Expansion

Ethiopian Re-insurance Share Company (Ethio Re) is seeking a strategic capital adjustment to support its next growth phase as it marks a decade of operations. CEO Netsanet Lemessa said the company's capital has quadrupled over the past ten years but has declined in foreign currency value. Established in 2016 as the country's first indigenous reinsurer, Ethio Re has retained more than 90 million dollars in foreign exchange for the economy. Its assets have grown from 82 million Br to 5.3 billio...