Vasari Investments Group, in partnership with Ahadu PLC, has inaugurated the Ahadukes Food Products factory in Ethiopia, with a vision to expand its initial investment of US$36 million to US$120 million in alignment with government goals in the food and beverage sector.

Information on the Target

The Ahadukes Food Products factory is the newest venture in Ethiopia's food and beverage sector, marking a significant joint investment between the UK-based Vasari Investments Group and local partner Ahadu PLC. Initially established with a capital of US$36 million, the project aims to expand to a total investment of US$120 million within a few years, reflecting a strong commitment to growth in the Ethiopian market.

This factory has already commenced production, highlighting the rapid progress of the investment. The combination of local partnerships and international investment positions Ahadukes to play a pivotal role in enhancing the availability of quality food products in Ethiopia.

Industry Overview in Ethiopia

Ethiopia's food and beverage industry is experiencing substantial transformation, driven by government initiatives aimed at increasing local agricultural production's value. Such initiatives seek to bolster import substitution and meet ambitio