Tana Beles Sugar Factory Goes Online


Tana Beles Sugar Factory Goes Online

Tana Beles I Sugar Factory has commenced sugar production operations following trial runs.  Inaugurated last June in the presence of Prime Minister Abiy Ahmed (PhD), the factory has the capacity to produce 10,000qtl of sugar a day. However, officials say it will be producing around 200qtl daily for the remainder of the financial year. Construction on the factory, located in Awwi Zone, Amhara Regional State, began a decade ago. It was contracted out to the former Metals & Engineering Corporation (MetEC) at a cost of 235 million dollars. The state-owned contractor was expected to carry out the task in 18 months. However, the contract was terminated in 2018 following significant delays. China CAMC Engineering Co Ltd (CAMCE) then took over the construction. The factory sources its sugar cane from 13,000ha of land in the area irrigated with water from Beles River. Tana Beles is also among the 10 factories under the Sugar Corporation set to be privatised. The Sugar Corporation was established as a state-owned enterprise in 2010 to develop sugar estates and production, including for export markets. Several of its plants under construction have yet to be completed upon schedule, including four sugar plants in Omo Kuraz of the Southern Regional State.

[ssba-buttons]

Radar

State-Owned Enterprises Deliver, But Fund Seeks More from Underperformers

Ethiopian Investment Holdings (EIH), the country's sovereign wealth fund, closed its annual performance review with a mix of strong gains and lingering concerns across its portfolio of state-owned enterprises. Ethiopian Shipping & Logistics led the year with 4.5 million tons of cargo, driving revenues up 90pc and doubling pre-tax profit. Sugar production from Wonji Shoa, Metehara, and Fincha climbed 34.8pc to 163,290 tons, nearly doubling revenues to 15.6 billion Br, though EIH flagged ch...


Radar

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 ...


Radar

Bureau Maps Out 1,700 Land Rights in a Month

The Rights Registration & Holding Service Directorate under the Bureau of Land Development & Administration prepared over 1,700 landholding certification maps in a single month. The update came during the bureau's July performance review, which measured progress against the upcoming fiscal year's targets. Director Tesfamichael Endale said efforts are being scaled up to give farmers secure land rights and quicker certification. Deputy Head WendwossenBanjaw added that the priority ahead...