Ethiopia’s palm oil giant to go operational soon
Addis Ababa, January 30, 2021 (FBC) – Ethiopia’s flagship edible oil project will go fully operational soon. The giant factory has been planted in Bure town, Amhara Regional State by Belayneh Kindie Import Export Company (BKIE).
BKIE CEO Belayneh Kindie told EPA yesterday that the project has cost some 4.5 billion Birr.
As to him, the project will enable the nation to save the foreign currency which is spent for importing palm oil as the factory covers about 50 percent of the national demand. It will produce 1.6 million liters of edible oil per day, he added.
It is a cost effective and efficient plant equipped with the state-of-the-art machines that are currently applying by the developed world including the U.S. and China.