Ethiopia launched Omo Kuraz III Sugar Factory which cost USD 290 million for construction. Ethiopia’s Prime Minister Abiy Ahmed and Eritrea’s President Isaias Afeworki inaugurated the sugar factory yesterday. The Omo Kuraz III Sugar Factory, which increased the number of sugar producing factories in Ethiopia and which produces three types of sugar, targets the global market. The Omo Kuraz II Sugar Factory commenced operation in March, 2017. According to Ethiopian Sugar Corporation, Ethiopia has a potential of more than 500,000 hectares of land suitable for sugarcane plantation.

Source: Ethiopian News October 16, 2018 18:11 UTC