An Indian based Nirvana processing Company is finalizing preparations to commence the Agro food processing at Bahir Dar Industrial park in Ethiopia with an investment capital of 5 million USD.

The government of Ethiopia has been encouraging both domestic and foreign investors to engage in the manufacturing and agro processing sector by expanding industrial parks across the nation as part of its efforts to make the country a manufacturing hub.

Accordingly, it has so far built 13 industrial parks, most of which are used by both domestic and international companies to manufacture goods primarily for export.

Textiles, garments, pharmaceuticals, medical equipment and agro processing are some of the products being manufactured in the industry parks.

Several new companies have also been showing interest to engage in the industrial parks.

One of the recent entrants, Nirvana Processing, is an Indian firm that is finalizing the necessary preparations to start Agro food processing with an investment of 5 million U
SD.

General Manager for the company, Ripin Shome told ENA, the company is undertaking preparations to engage in agro processing, particularly, food processing, and organic food commodities at Bahir Dar Industrial park, the capital of Amhara Regional State.

“We have started our investment activities in Ethiopia in October 2023. We are in the process of importing and installation of machineries. So we hope that by end of April 2024 we are going to commission our entire plant and then we are going to start our exports.”

When fully operational, the company is anticipated to create 500 job opportunities, the General Manager indicated.

The Company has already establish strong partnership with about 5,500 small scale farm holders in area with a view to create sustainable linkages for agricultural raw material vital to its production.

Hence, he stated that the company is providing farmers with a lot of support, including technical training and other resources, in order to enable them cultivate a variety of agri
cultural crops that are entirely organic and meet the company’s raw material needs.

According to him, the final products of the company are set to be exported to countries in Europe and America.

The Indian investor has also expressed his conviction about the huge potential suitable for agro processing investment in Ethiopia.

He appreciated the support by the government including the Industrial Parks Development Corporation (IPDC) and other respective bodies to facilitate the investment activities.

Nirvana Processing is a subsidiary of AgriExim Fze engaged in globalagribusiness supply chain for Organic foods.

IPDC has recently signed a combined 100 million USD investment agreements with local and foreign companies to invest across industrial parks in the country.

Source: Ethiopian News Agency

Mr. Yaw Sakyi Afari, Chairman of the Marketing and Sponsorship Committee of the Local Organising Committee (LOC) for the Accra 2023, has called on companies to support and sponsor the upcoming continental sports festival to be staged in Ghana.

Leading twenty sports journalists to inspect facilities on Wednesday at Legon, University of Ghana and Borteyman, he said there were opportunities for businesses to advertise and market their products and services through sports.

They inspected a newly constructed sports hall, tennis courts, aquatic center for swimming, tartan tracks and football field.

He said many people love sports in Ghana and there were spaces for bill boards, banners and other electronic advertising opportunities.

Mr. Sakyi who was a keen Basketball and Boxing enthusiast urged the media to come out with positive news reports about the games.

He said, ‘the 13th African Games is certainly coming on in March 3 to 23 2024, and you can see we are ready and putting finishing touches, we are ready
to host Africa.’

Over 5,000 sportsmen and women, coaches and officials from 55 countries expected to compete in 25 sports disciplines.

Present at the tour was Mr. Dan Kweku Yeboah Chairman of the Media / Publicity Committee and Mr. Maurice Quansah, member of the Committee.

Source: Ghana News Agency