Ethiopia to double number of sugar estates by November, eyes $500M revenue

Ethiopia is on track to double the number of its sugar estates to six by November this year, a senior official said on Friday, and the Horn of Africa country hopes they will generate $500 million a year in export revenue.

Addis Ababa aims to become Africa’s biggest sugar producer and exporter with plans to set up a string of large estates throughout the country by 2020. It has identified over 500,000 hectares of land as suitable for large-scale sugar plantations.

Ethiopia’s current sugar-producing capacity at three existing plantations is less than 300,000 tonnes each year, covering up to 70 percent of local demand, meaning it must import bulks amounting to 2,000 TCD (tonnes of cane each day).

Read more: Ethiopia to double number of sugar estates by November, eyes $500 mln revenue -official | Reuters

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