Africa Farming Industries (AFI) has signed a Memorandum of Understanding (MoU) with the Industrial Parks Development Corporation (IPDC) to establish a state-of-the-art agricultural facility in the Bole Lemi Special Economic Zone (SEZ), aimed at producing and exporting high-value strawberries and saffron.
This two-million-dollar investment marks a significant step in Ethiopia’s ambition to become a global leader in premium agricultural exports. AFI, a subsidiary of Pluton Invest, will leverage advanced technologies, including AI-driven precision farming and climate-controlled hydroponics, to ensure year-round production and high yields.
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“Our investment is more than just farming—it’s about positioning Ethiopia on the global map as a producer of premium strawberries and saffron,” stated Mr. Nassour Mahamat, CEO & Chairman of Africa Farming Industries. “We are bringing cutting-edge technology, sustainable practices, and an export-driven strategy that will benefit both local communities and international consumers.”
Dr. Feseha Yitagesu, CEO of IPDC, highlighted the novelty of the investment concept and its alignment with Ethiopia’s agricultural modernization goals. He assured AFI of the IPDC’s full support in realizing the project, emphasizing its potential to increase exports and attract foreign direct investment.
AFI, established in 2020 in Chad, brings expertise in sustainable agriculture and AI-powered vertical farming. This technology will enable strict quality control and consistent production, positioning Ethiopia as a leading producer of these lucrative agricultural products. The project is expected to accelerate Ethiopia’s agricultural modernization efforts and boost its presence in the global market.
Source: IPDC
