Chinese Firm Keen to Invest in Agro-Processing Sector

ADDIS ABABA – Chinese firm, Zhejiang YaoHeng Photoelectric Technology Ltd, expresses interest to invest in the Agro-processing sector as the company plans to diversify its investment portfolio in Ethiopia.

The company is particularly keen to invest in the production and export of rapeseed oil, its representatives said during a virtual they held with Lelise Neme, Commissioner of Ethiopian Investment Commission, on Thursday.

Zhejiang YaoHeng Photoelectric Technology is currently engaged in the production of energy-saving light bulbs in Ethiopia.

Commissioner Lelise reiterated that the government of Ethiopia provided incentives to foreign investors, further appreciating the company’s decision to engage in the agro-industry sector.

During the meeting, representatives of the Ministry of Agriculture and the Land Bank and Development Corporation spoke in detail about incentives available for the company.


[Featured Image Photo File/FBE News]