Fri-El Ethiopia farming & Processing plc, in its effort to expand its agricultural production, has started banana plantation development in line with the existing cotton plantation development at its Omorate farm. With a target to cover more than 1,000 hectares of its land has started with 200 hectares as first phase and has reached 47 hectares until the end of February 2020.
The project is designed with the aim of producing high quality best varieties that have demand in the European market. The European market being the main target, the produce will also be sold in the local market.
In line with the plantation development, the company is in a process to purchase refrigerated containers for transportation of produces to the European market. Packaging facility is also the other investment to be implemented within the following months.