Golden Africa, a Malaysian company is set to invest in edible oil manufacturing in Ethiopia creating jobs for 1,500 people in two years time. The fact that Ethiopia is peaceful, much labor and close to the Djibouti harbor makes Ethiopia a good place for investors, according to Mr Fuad. Mrs Fetlework G/Egziabher has said that 90 percent of the edible oil in Ethiopia is imported from foreign countries. As the living standard of people improves, the consumption of edible oil and choice of preference increases including in the rural areas. She urged the company officials not to worry about the market of edible oil in Ethiopia because the country spends a lot of its currency for importing oil.

Source: News Business Ethiopia April 23, 2019 13:13 UTC