Addis Ababa, 10 August, 2015 (WIC)-Number of factories engaged in processing of edible oil has been increasing from time to time so as to benefit from the huge local market, the Food, Beverage and Pharmaceuticals Industry Development Institute said.
Three factories with a combined capital of seven billion Birr have joined the industry in the concluded fiscal year alone.
The government has been encouraging local and foreign investors to engage in edible oil processing so as to meet the ever-increasing demand, estimated to exceed nine million liters per annum.
Edible oil products by four processing factories, namely Belayeneh Kinde, Addis Mojjo, Hamaresa and Bahir Dar enable the nation meet 20 percent of the demand, Spice Processing Industry Development Acting Director Tamrat Tesema said.
The government has been forced to meet 80 percent of the total demand by importing products.(ENA)