Frigorifico Boran Foods PLC

PROJECT DESCRIPTION:

Frigorifico Boran Foods PLC, a subsidiary of the Allana Group, has capacity to slaughter 3,000 cattle and 9,000 sheep and goats daily.

This Indian company represents an investment of USD 80 million. The company decided to invest in Ethiopia because the country has the highest population of livestock on the continent, and the fourth largest livestock population in the world. Core products include chilled and frozen goats and sheep as well as cattle carcasses.

The company has received an authentication certificate to export processed meat from its recently built abattoir at Adami Tulu, 170km from Addis Ababa.

Local value addition in the meat sector is very important for jobs and foreign exchange and currently the company is exporting more than USD 1.5 million of meat.

PROJECT LOCATION:

Ethiopia, Oromia Region, Adami Tulu, 170km from Addis Ababa.

LEAD AGENCY/ PROJECT PROMOTER:

Allana Group

CURRENT STATUS/ STAGE OF PROJECT:

The company has recently become operational and has started to export its products, mainly to the Middle East

ACTIONS REQUIRED/ IMPLEMENTATION ARRANGEMENTS/ CONTRACT TYPE:

The company plans to expand with a view to enhancing its production capacity

AVAILABILITY OF PRE-FEASIBILITY STUDIES, FEASIBILITY STUDIES, AND OTHER STUDIES:

Feasibility studies are available.

ESTIMATED COST OF THE PROJECT:

USD 80 million

INVESTMENT REQUIRED:

USD 80 million

PERIOD OF IMPLEMENTATION:

Three years