A Chinese company named CCECC has agreed to invest in coffee processing at Jimma Industrial Park.
The company signed the agreement with the Ethiopian Investment Commission (EIC) and the Industrial Development Corporation (IPDC).
The Chinese company will invest there in processing coffee beans widely available in Jimma and the surrounding area.
The CCECC will screen and process the raw coffee and export it to international markets, the IPDC says, adding: ”This project aims to catalyze the transformation of the sector and provide decent jobs.”
The investment agreement comes amid growing demand for Ethiopian Coffee in the East Asian country.
China is becoming a major destination for Ethiopian coffee export in recent years. The volume of Ethiopian Coffee shipped to China grew to 11,200 tonnes in the 2022/23 fiscal year from 4,200 tonnes two years ago.
Ethiopia, which is known as the origin of Arabica coffee, is recognized worldwide for its rich coffee quality and variety of flavors. The sector supports the livelihoods of more than a quarter of Ethiopians and contributed more than 1.3 billion US dollars to the country’s export trade revenue in the just-ended fiscal year.