The Industrial Parks Development Corporation of Ethiopia (IPDC) and Africa Farming Industries (AFI) have signed a Memorandum of Understanding that allows AFI to produce and export strawberries and saffron.
"Our investment is more than just farming—it's about positioning Ethiopia on the global map as a producer of premium strawberries and saffron. We are bringing cutting-edge technology, sustainable practices, and an export-driven strategy that will benefit both local communities and international consumers," said Mr. Nassour Mahamat, CEO& Chairman of Africa Farming Industries.
Fisseha Yitagesu, CEO of IPDC, emphasized the importance of this partnership, noting that the investment concept is new to the corporation.
The CEO also highlighted that the project aligns with Ethiopia's vision to modernize its agricultural sector, increase exports, and attract foreign direct investment. He assured investors that his office is ready to support the realization of the project.
The two-million-dollar investment established in Bole Lemi Special Economic Zones (SEZ) is expected to accelerate Ethiopia's agricultural modernization efforts.
The AI-powered vertical farming system will ensure year-round production, high yields, and strict quality control.
Source: FAN ABC