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Ethiopia’s coffee export drive will be boosted by higher output from the venture of a major Saudi Arabian investor, the manager of his enterprises there said.
Horizon Plantations and Ethio Agri-CEFT plans to more than double its coffee production and expand tea output. Horizon Plantations is part of the MIDROC umbrella group of companies, majority owned by Saudi Arabian investor Mohammed Hussein Al Amoudi.
“In the coming five years, we have a plan to raise our coffee produce to 25,000 tons,” Jemal Ahmed, Managing Director of the firms, said in an interview. “One hundred percent of our coffee could be exported once we attain the quality we need,” he said, adding the group planned to set up an instant coffee processing plant soon.
The firm produces more than 10,000 tons of coffee from its 25,000 hectare plantations in southern Ethiopia, of which 70 percent is exported.
Ethiopia, Africa’s biggest producer of the bean, anticipates record-high exports by the end of the fiscal year ending in July. Drought and disease has hit rival crops in Latin America.