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Ethiopia’s GDP has grown by about 8% pa over the last 20 years. It is one of the largest African countries, it has a population of over 100 million people with an average age of about 20 years. Around 80% of its population are involved in agriculture, however there is little mechanisation.
Its current agricultural practices, with few exceptions, are similar to the UK’s agricultural industry in the 1930s. As an example, UK farmers now have an average of about 1 ½ tractors per agricultural employee whereas in Ethiopia there is only 1 tractor between 4000 people.
Some modern agricultural techniques and equipment have been introduced to some countries but most of them are crying out to farmers from the UK and other countries to invest and establish farms in their countries. Of course, there are difficulties. Many would say the lack infrastructure is one of the greatest problems.
It is Business Financial Services Ltd’s opinion that to succeed a group of companies should work together to develop a specialist supply chain.
Apart from buildings, poultry equipment, poultry, food and water etc a poultry farmer will also require a slaughter house operator, a food processor, a supply chain, and on-line marketing company, to access to local and export markets. Usually finance, insurance and other professional services will also be required. The above is only an example and the list must be adapted for other agricultural products (or other industries). However, if the supply chain in in place all participants will benefit from it.
Ethiopia has excellent agricultural land and large amounts of the land is not farmed at all. It has a very wide range of climates because the country lies on the equator and its mountains reach about 15,000 feet above sea level.
Ethiopia grows a very large range of crops from rice, sugar, grains, fruits, coffee, nuts etc. The government will provide large areas of land with low or no rent for period of up to 30 years to farmers who relocate to Ethiopia.
For the above reasons Business Financial Services Ltd will work with African countries and the Dept of International Trade to draw together groups of people who collectively would provide the required infrastructure and which will benefit each of their businesses as they work together in Ethiopia.