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Ethiopia’s largest edible oil factory Hamaressa Edible oil Share Company located in Harar Region, has been sold to Ethio Asian Industries Plc by the Privatization & public Enterprises Supervising Agency (PPESA). Hamaressa was handed over by PPESA’s Director General Beyene G/Meskel to B.S Shetty who is the Managing Partner and General Manager of Ethio Asian Industries Plc on Wednesday October 29.
Hamaressa which was founded in 1998 produces and markets refined edible oil products from different seeds such as groundnuts, sesame, and cotton seeds.
Back in 2013, the PPESA floated a tender for the acquisition of 11 public enterprises one of which was Hamaressa. Other enterprises include Ethiopian Mineral Development Share Company, Ethiopian Pharmaceutical Manufacturing S.C., Bahir Dar Textile Share Company and Kombolcha Textile Share Company.