Norfund invests in Samanu to enhance edible oil production in Ethiopia, supporting local agriculture and food security.

Information on the Target

Samanu is a prominent food company located in Ethiopia, specializing in the production of edible oils. As Ethiopia's largest fast-moving consumer goods (FMCG) platform, Samanu plays a critical role in addressing the dietary needs of its population while promoting local agricultural products. With a significant investment aimed at enhancing their production capabilities, the company is poised for further expansion in the local market.

By leveraging advanced production techniques and sustainable practices, Samanu aims to increase its output and improve the quality of edible oils. This initiative not only addresses current market demand but also enhances food security in the region, making Samanu a key player in Ethiopia's agricultural landscape.

Industry Overview in Ethiopia

The agricultural sector in Ethiopia is fundamental to the economy, contributing significantly to both GDP and employment. Recent investments in agriculture signify a shift towards modernizing this essential sector, with