Sugar Corporation Changed Plans of Construction

Sugar Corporation Changed Plans of Construction Sugar Corporation Changed Plans of Construction

Ethiopia’s Sugar Corporation disclosed it has canceled the construction of 2 sugar factories out of the intended 10. The projects that will be affected by the change of plans are Kuraz and Beles projects.

The cancellation of part of the plans is due to lack of funds, the corporation explained.

The Corporation initially planned to build 5 factories under the Kuraz Project and develop 150,000 hectares of sugar cane farm. Out of this plan, the Corporation abandoned the construction of 1 factory and also decided to develop only 100,000 hectares.

The other project of the Corporation which saw the change of plans was Beles. Initially the Corporation targeted for the construction of 3 factories and develop 75,000 hectares with sugar cane. The plan has now changed to 2 factories and developing 50,000 hectares.

Sugar Corporation has renovated 5 factories recently. It has also announced the launch of 2 more factories; Arjo Dedassa and Kessem.

Sugar Corporation was established 6 years ago with a target of boosting Ethiopia’s sugar production. Currently Ethiopia produces 6.5 million quintals per annum.

Tagged as:

Latest news, Ethiopian News, Business, Sugar Corporation


3915 Views Comments

Louvres Hotel Group,Signed Its 3rd Hotel In Ethiopia

Louvres Hotel Group, number one hotel group in East Africa, signed its 3rd hotel in Ethiopia, pursuing the expansion of an ambitious network covering sub-Saharan

5834 Views Comments

Is Safaricom Entering the Ethiopian Market?

Safaricom has denied reports of the company entering into the Ethiopian market. The Kenyan telco had been said to be gearing up for its first venture

3955 Views Comments

Ethiopian Airlines Digitalized All Business Processes

Flying even more greener; Ethiopian Airlines Group, the largest airline in Africa, is pleased to announce that it has fully digitalized all its business processes