Yirgalem Integrated Agro-Industrial Park (IAIP) earns over 4.4 million USD in avocado oil exports. The IAIP has 11 sheds & produces avocado oil, honey, milk, coffee, and more, capable of serving over 150 companies. YBM & Sunvado are the two avocado oil processing factories operating in the park that secured the export earnings.
Sunvado Avocado Oil is the first avocado oil processing company in the park and has been exporting its products to the Netherlands since 2019. It collaborated with 88,000 farmers and provided jobs for 40 permanent & 150 temporary workers. YBM Avocado Oil is the second and exports to the European market. It created jobs for 50 permanent & 150 temporary workers and will generate market links for 40,000 avocado farmers.
CEO of the Yirgalem Integrated Agro-Industrial Parks, Memeru Moke, stated that the direct market and input linkage created between two companies with farmers and cooperative associations had benefitted over 135,000 farmers. In addition, he emphasized that the current top priority is given to import substitution to remove value-added coffee and milk import products.
The African Union Development Agency–New Partnership for Africa’s Development is the world’s only continental development agency covering 55 African countries. It is AU’s socio-economic program aiming to promote growth, end poverty, end Africa’s operation, and enhance...