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Ethiopia mango Processing Project

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Project ID: 231000001
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An commercial mango plantation farm in Ethiopia on over 1400 Ha land. In the last 7 years, the company has been successful implementing the first phases of the project which is planting of over 400,000 Mango trees of high quality varieties including Tomy Atkin, Kent, Keit, and Alphonso.

    Project schedule:

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Project Overview

Project name
Ethiopia mango Processing Project
Project type
Green
Sectors
Agriculture & Forestry
Project location
Ethiopia Addis Ababa Addis Ababa
Project region type
Other
Total investment amount
67.00 M USD
Investment type
Joint venture, Project-controlled
Internal Rate of Return
22.8%
Project developer
S*****.

Project Video

  • Project site video

Project Progress

1    Project Site Survey
 
5    Complete Project Investment Signing
 
2    Project Feasibility Study Report
 
6    Complete Project Financing Procedure
 
3    Project Land Permits
 
7    Complete EPC Project Signing
 
4    Project Various Permits
 
8    Complete Project Construction
 

Project Details

An commercial mango plantation farm in Ethiopia on over 1400 Ha land. In the last 7 years, the company has been successful implementing the first phases of the project which is planting of over 400,000 Mango trees of high quality varieties including Tomy Atkin, Kent, Keit, and Alphonso. Market potential: The global fruit and vegetable sector is growing faster than any other agricultural segment. It provides livelihoods to about 1.3 billion people and contributes about 40 percent to global agricultural output. The global consumption of Mango nectar and juice showed a significant growth derived by population growth, health life style shift and religious and sociocultural factors. Accordingly the consumption of the mango nectar and juice has reached 1.4 billion liters 2015 compared with 1 billion liters in 2011 with an average annual growth of 18%. The annual growth rate in consumption of Mango Nectar and Juice in Africa is estimated at 90% which is over 10 folds of the global growth rate suggesting the fastest growth rate globally. SEKA target this big and fast growing markets for its produces. In particular the East African market which mainly depends on importing of Mango juice from other regions is the immediate target of SEKA.

Investment Environment

Ethiopia overview Official name: Federal Democratic Republic of Ethiopia Capital: Addis Ababa (also the African Union and the United Nations and the United Nations Economic Commission for Africa Headquarters) Location: Ethiopia is located in the northeast African Horn, Africa, where she has a unique location, situated at the crossroads of Africa, the Middle East and Asia Land Area: 1.14 million sq km of cultivated areas: 513,000 sq km (45%) Irrigated land: 34,200 sq km (3%) Population: 84.8 million (2012/13) Population density: 74.4/sq km (2012/13) Per capita gdp:550 dollars Terrain • National lowest point: Delta Depression, 148 meters below sea level • National highest point: Dashan in the north, 4620 meters above sea level Climate, plateau area temperature is mild, the low-lying area temperature is hot · In the Plateau area temperature range 200C to 300c rainfall range in 200mm to 2000mm. Rainy season in the great rainy season in 6, 7, August, small rainy season in 2, March Government support for priority areas of development  Export Incentives  Tariff Reduction  Income Tax Exemption period  Loss deferred (loss carry-over)  Profit, dividend, external loan principal and interest to provide competitive land lease price Investment protection and protection • Constitutional and investment law protects private property • Foreign investors are entitled to exchange foreign currency at the prevailing exchange rate and remit them from Ethiopia in the following cases: Profits and dividends Principal and dividend on external debt Payment for agreement on technology transfer Money sold or liquidated by the enterprise; An award paid to an investor for the sale of shares or the sale of partial ownership to a domestic investor. • Ethiopia is a member of the following organizations: Multilateral Investment Guarantee Agency (MIGA), a bank-affiliated agency, guarantees the non-commercial risk of signatory countries: World Intellectual Property Organization (WIPO) • Ethiopia has also entered into bilateral agreements for the promotion and protection of investment with the following countries: Algeria Kuwait Austria Libya Belgium and Luxembourg Malaysia China Netherlands Denmark Russia Egypt South Africa Equatorial Guinea Spain Finland Sudan France Sweden Germany Switzerland Tunisia, India Iran Turkey Israel Britain Yemen, Italy Djibouti United States Qatar • In addition, a double taxation avoidance agreement is signed with the following countries: Czech Republic Russia France South Africa Israel Tunisia Italy Turkey Kuwait Yemen Romanian

15.30 M USD

Target investment amount

8.17 M USD
Confirmed investment
53%
Progress
Confirmed investors number:2
Co-investment deadline:2018-01-01

Lead investor :2

  • Soun******obal

    Guiz****** Ltd

Follow investor :0

Customer Representative

Mr Zhang Customer Manager

jing.zhang@bjciri.com

+86 13601315595