ELFORA AGRO INDUSTRIES PRIVATE LIMI

Ethiopia is a country with enormous natural, resources which has great potential for agricultural development. The country has the largest livestock population in Africa and ranks 10 in the world in terms of the livestock resources. With a desire to develop and make use of Ethiopia's rich potential for its economic development and for the benefit of its people, the MIDROC Ethiopia Investment Group decided to invest in the country's agro-industrial sector by establishing a company named ELFORA Agro-Industries PLC. 7 million. It is the largest Agro-Industrial company in the country. The word which stands for natural products, comes from two Borena Oromo words; ELA and FOR A. means permanent water point and means rainy season grazing land, thereby signifying the high quality livestock products produced under traditional pastoral system as well as modern ranching. The company has eight agro-industry operating units, seven ranches, five holding grounds, three feedlots and one quarantine. It is divided into three (3) major distinct operations under the overall supervision and support of the main office. ELFORA - Food Processing and Crop Production Operations manages five meat processing plants which are located in regions were the raw material supplies are favorable. It also runs one farm which produces fodder for live animals and variety of crops. The Poultry Operations has farms at four different locations and sub-locations. It produces table eggs, broiler meat, day old chicks, etc. ELFORA has created employment opportunities for over 3,000 people. ---. Since its establishment in 1997, the Company’s profitability and return on investment has been very low and even declining. For a company with total investment of over Birr 400 million, the rate of return on total investment (ROI) has averaged only 2. 3 percent during its ten years of operation. Among the problems are: high fluctuation in demand for some products and difficulty in planning production; underutilization of existing capacity; gap between time of production and demand volume resulting in supply inconsistency, loss of sales, and stocks piling up; higher selling prices than competitors’; inadequacy of promotional activities; escalation of air freight charges, making selling prices too high to be competitive in the international market; and high administrative and general expenses. One meat plant will give special emphasize to the production of chilled mutton. To double the capacity of sheep and goats processing, and increase productivity the carcasses dressing line has been completely overhauled. In its endeavour to improve product quality, the veterinary laboratory facility, which is set up to perform various examination and taste, is ELFORA’s latest development in quality control assurances. Towards this end and in order to increase the company's livestock market: upgrading of the feedlots and ranches will be undertaken to increase the size and quality of live animals; selection of the appropriate breeds and holding own breeds in the company's own ranches will be practiced based on study results; produce and market high quality livestock and meat products both to the domestic and export markets; and supply special quality chilled/frozen beef, mutton and goat carcasses, beef cuts, and broiler meat to the local and overseas markets; secure entry into non-traditional foreign markets by increasing the supply of special quality chilled mutton goat meat and beef. ”_ Since 1991 the government adopted a market-driven strategy and introduced policy and institutional reforms in the 1990s encompassing fiscal, financial, exchange rate, trade and industry, management of public resources and enterprises. At the turn of the Millennium the Government shifted its development strategy from the structural adjustment program of the 1990s to a poverty reduction program. The Sustainable Development and Poverty Reduction Program (SDPRP) aims at promoting growth and alleviating poverty. The program focuses on the following major areas: agriculture which is the source of livelihood for upwards of 85 percent of the population where the bulk of the poor live; agriculture is also believed to be a potential source to generate primary surplus for growth of other sectors of the economy (industry); strengthening private sector growth and development, especially in industry as means of achieving off-farm employment and output growth; rapid export growth by increasing the production of high value agricultural products and increased support to export oriented manufacturing sectors particularly intensified processing of high quality skins/leather and textile garment; - deepening and strengthening the decentralization process to shift decision-making closer to grass-root levels, to improve responsiveness and service delivery; and improving governance to empower the poor and create a conducive environment for private sector growth and development. The government has issued a number of proclamations and regulations to revise and streamline the old tax system. 69/1993, and Value Added Tax (VAT) Proclamation No. 282/2002. These policy initiatives have brought about five distinct changes: (i) the former system of specific duties/taxes (weight-based) have almost completely been converted to ad-valorem, making tax administration much more efficient, (ii) the maximum tariff has declined from a high 230 percent to 50 percent, and the difference between the maximum and minimum tariff has declined from 225 percent to 45 percent, (iii) the proportion of duty free imports has declined from 60 percent to 3 percent, (iv) the sales tax, on both imported and exported goods, has been reduced to 5 percent on essential commodities and to a uniform 12 percent on all other commodities and (v) the country’s tax structure has been harmonized with the COMESA member countries in 2002. There has been another proclamation regarding taxes on exportable commodities, initially for coffee (Proclamation No. 287/2002) and later for other commodities. The Proclamation No. 287/2002 is a follow-up to the 1998 tax elimination decision. In 2007 Prime Minister Meles Zenawi awarded Sheik Mohammed Hussein Al Amoudi, with the “first special millennium golden medal” for his “exemplary deeds for the development of Ethiopia and its people. ” Meles added that the sheik “has been launching various investment projects in Ethiopia, even without proving the profitability of the projects, due to his love and sympathy for the country”. Upgrading and expansion activities have been carried out in the Debre-Zeit Abattoir and the Poultry Operation. In 2008 ELFORA for the first time exported grapes from its 14. 8 hectares farm at Meki. The Institute of Developing Economies website uses cookies to provide social media features and to collect access logs on the site for the purpose of enhancing user experience. When you click “Accept” button, you are agreeing to let us collect your access logs using cookies. Selecting “Reject cookies” limits social media features within the site. ". An expansion project targeting the export market is also in progress at Cheffa, a place located in the northeast of the country. MIDROC Investment Group is a proud producer of high quality black and green teas for both local and international markets. Our popular teas from Wush Wush and Gumaro estates, under Ethio Agri-CEFT PLC, are also certified by Rainforest Alliance (RA). Among the cereals the companies produce are wheat, rice, barley, soybean, corn (maize), sorghum and the like for local and international markets. Sunflower and Niger seed are also among the oil seeds that are widely produced by MIDROC agricultural farms. Jittu Horticulture PLC and Upper Awash Agro-Industries PLC are MIDROC’s companies specialized in producing fresh fruits and vegetables. The produces are directly supplied to the public through Queen’s Supermarkets and other market outlets in Addis Ababa and other urban areas here in Ethiopia as well as to the export market. Agri-flower, Agri-lake and Ethio-Dream are the three flower farms under MIDROC Investment Group that produce variety of high quality roses /cut flowers/ using state-of-the-art growing, harvesting, packing and quality assurance practices that meet highest international standards. The major cut flower products of our group are: Upper Class, Confidential, MaryoMadam Red, New Flash, Hot Pink, Athena and the like. In December 1997 by acquiring eight livestock and meat processing plants with a total value of US$54. With our rich experience in the industry and experienced expertise in the sector, we are prepared and dedicated to serving our customers more than ever. Our vertically integrated and strategically located crop and vegetable farms, poultry farms, ranches, export abattoir and food processing factories enable us to be resilient and build a prominent brand in the industry. This enables us to build long-term B-to-B relationships with our esteemed company customers and sister companies like Ethiopian Airlines, Sheraton Addis, Lama Dairy and Queens Supermarket to mention some. Incorporating real estate into our portfolio, we are also giving hospitality service in our fully and finely furnished guest houses located at Torehiloch area at the heart of Addis Ababa and rent affluent office spaces at Gurd Shola main office building. In addition, our export abattoir located at Debere Zite also gives cattle, sheep and goat slaughter services to customers. Our journey was not quite smooth in the past 26 years. As we have enjoyed good years of bumper profits harvest from the local and export markets, there were also financial downturns and infrastructural damage in local conflicts including the recent war in the northern region that wiped out a significant amount of our investment. However, the hard time has cast ELFORA to be resilient by unleashing the hidden tenacity of a dedicated family of a hard-working team of employees to decipher the way out together with the corporate leadership working in unison. This makes us not only survive but thrive, bouncing from consecutive years of loss to three consecutive years of profitable growth which makes us be for two consecutive year Gold-level taxpayer awardees. This is just the beginning our aspirations are very high, to be the national powerhouse for healthy and affordable protein food production and supply in the coming five years, and we have organized ourselves to serve you better and more for the coming years and for generations to come. ☀ Kombolcha Agroprocessing Plant and Abattoir ☀ Melge Wondo Agro-Processing Plant, Abattoir and Farm ☀ Shallo Integrated Farm ☀ Netle Farm ☀ Cheffa Integrated Farm ☀ Wonji Kuriftu Farm ☀ Jittu Horticulture ☀ Bishoftu Poultry Farm and Export Abattoir ☀ Dire Dawa Abattoir ☀ Gonder Abattoir Within our portfolio of businesses, use our integrated farms, by augmenting the blessing of nature with endemic and advanced scientific agricultural technology; and produce poultry and livestock products, cultivate crops and vegetables, and process them to Ethiopian flavored foods for domestic and foreign markets, and develop real estate to avail value-added services; all with superior quality, affordable prices and better availability