Ethiopia Building 10 New Sugar Plants to Become Leading Exporter
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Sugar Corp., Ethiopia’s state-owned producer, said it started building 10 new factories and is inviting private investment as part of a plan to become one of the world’s 10 biggest exporters of the crop.
The project, which has raised concern among environmental activists, involves constructing plants and establishing farms at a cost of about 80 billion birr ($4.6 billion) in four regions in the Horn of Africa country, Abay Tsehaye, director general of the Addis Ababa-based company, said in an interview on Sept. 7. The government is undertaking the work because Ethiopian private firms are “not financially and technically ready to do such huge enterprises.”