Addis Ababa, Ethiopia – Ethiopian Investment Holdings (EIH), Ethiopian Agricultural Business Corporation (EABC), and Asset Green have entered into a Shareholders Agreement (SHA) to jointly invest in an Integrated Dairy and Commercial Farming Project. The partnership aims to enhance Ethiopia’s agricultural sector through large-scale commercial investment and the introduction of advanced agricultural technology.
The SHA was signed by Dr. Brook Taye, CEO of Ethiopian Investment Holdings; Ato Kifle W/Mariam, CEO of EABC; and Mr. Afshin Afsharnejad, CEO & Chairman of Asset Green. The signing ceremony was attended by Ethiopia’s Deputy Prime Minister, H.E. Ato Temesgen Tiruneh, and the Deputy Prime Minister of the United Kingdom, H.E. Angela Rayner.
The project, valued at nearly USD 600 million, will be implemented in two phases. The initial phase will focus on establishing a large-scale dairy farming and processing operation, with integrated feed farming on 15,000 hectares to ensure a stable supply chain. The second phase will expand operations to include cotton, oilseed, and rice farming, supported by advanced processing facilities and an integrated out-growers support center.
During the ceremony, Ethiopia’s Deputy Prime Minister H.E. Ato Temesgen Tiruneh emphasized the government’s commitment to agricultural development, noting that the initiative aligns with efforts to enhance food security, create employment opportunities, and promote economic growth through investment and technology.
Dr. Brook Taye, CEO of EIH, described the agreement as a significant step toward modernizing Ethiopia’s agricultural sector. He highlighted EIH’s commitment to incorporating Environmental, Social, and Governance (ESG) safeguards and leveraging state-of-the-art technology to support sustainable growth.
Mr. Afshin Afsharnejad, CEO & Chairman of Asset Green, reiterated the company’s dedication to the partnership, emphasizing that the collaboration seeks to establish a vertically integrated agribusiness that improves productivity, efficiency, and sustainability.
The Integrated Dairy and Commercial Farming Project is expected to generate employment, attract foreign direct investment, and contribute to Ethiopia’s long-term economic development. The initiative also supports EIH’s broader strategy of promoting large-scale investment in key sectors, positioning Ethiopia as a leading agricultural hub in Africa.
The timely projects for the starving poor Ethiopian people. This project may set the model for modern agriculture in Ethiopia and benefits all across the value chain. The primitive fragmented agriculture in Ethiopia already proved for it’s inability to feed the exploding population and non sustainable.
Wishing Success