FanaBC | 17 February 2025UK Asset Green signs a $600M project agreement with EIH, EABC
Addis Ababa, February 17, 2025 (FMC) — The Ethiopian Investment Holdings and Agricultural Works Corporation signed a 600 million USD shareholders agreement to jointly invest in an Integrated Dairy and Commercial Farming Project with the United Kingdom’s Asset Green Company.
The agreement was signed in Addis Ababa today in the presence of Deputy Prime Minister Temesgen Tiruneh and British Deputy Prime Minister, Angela Rayner.
This strategic partnership underscores a shared commitment to advancing Ethiopia’s agricultural sector through innovation large scale commercial , investment, and sustainable development introduction of state of the art technology in the agriculture sector.
This ambitious investment, valued at nearly USD 600 million, will be implemented in two phases. The first phase will focus on the establishment of a world-class dairy farming and processing operation, along with integrated feed farming on 15,000 hectare to ensure a sustainable supply chain.
In the second phase the investment will expand operations into commercial farming, an integrating cotton, oilseed, and rice farming production, complemented by advanced processing facilities as well as an integrated out growers support center.to enhance value addition and market competitiveness.
During the occasion, Ethiopia’s Minister of Agriculture, Girma Amenti said the project will play a pivotal role in modernizing the agriculture sector while also promoting technology transfer to farmers of the country.
Asset Green Chief Investment Officer, Albrecht Frischenfchlager said for his part that the deal aims at implementing the largest milk development project in Africa.
