Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber

You are using software which is blocking our advertisements (adblocker).

As we provide the news for free, we are relying on revenues from our banners. So please disable your adblocker and reload the page to continue using this site.
Thanks!

Click here for a guide on disabling your adblocker.

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber

Sher Ethiopia to inaugurate expansion

Sher Ethiopia Plc, which is implementing an expansion project in Adami Tulu, 170Km south of Addis Abeba in the Oromia Regional State on a 203ha plot of land, has so far, completed expansion on 50 ha of the total plot.

Only 160ha of land will be used for the development of a new greenhouse, whereas the remaining land will be used for building offices, pack house, grading hall, cold room and other facilities.

“So far, we are developing one hectare of land per week,” said Gerrit Barnhoorn, managing director of Sher, refraining from mentioning any details in terms of the amount of investment spent on the expansion project.

The minimum amount of investment per 10ha in the floriculture sector is estimated to be 50 million Br, according to Berhanu Lodamo, Promotion & Information department head at Ethiopian Horticulture Producer & Exporter Association.

This project is expected to increase the flower production and export level in Adami Tulu alone from 400,000 stems per day to 1.5 million stems per day, raising the total from all three farms, including Ziway and Koka, to 3.5 million stems per day.

Similarly, the number of employees in Adami Tulu is also expected to rise to 6,000 from 1,400.

Click here to read the complete article at www.addisfortune.net.
Publication date: