Addis Ababa September 07, 2017 Sugar factories which will become operational this budget year fully meet the domestic demand, Minister of Public Enterprises disclosed.
This was stated on the sidelines of a consultative forum held today on strengthening effective collaboration between ministries of Industry and Public Enterprises.
Public Enterprises Minister, Dr. Girma Amente said there are encouraging improvements in the production of sugar, though we are late by two years in meeting the plan to export sugar.
“Of course we are late, but we are leaping forward,” he stressed.
According to the Minister, the recent export of sugar to Kenya was mainly meant to assess the market for future venture.
Yet, Dr. Girma said, meeting the demand for fine sugar will take some time as the demand is huge and requires the investment of foreign and local companies that are interested in investing in the country.
He revealed that import of sugar, which was 300,000 tons of sugar last Ethiopian year, has dramatically fallen to 50,000 tons.
Of the 370 public enterprises at the start, there are only 20 that would be privatized gradually, it was learned.
“Government has set a clear direction that inefficient and incompetent public enterprises will not receive any protection,” Dr. Girma underlined.
Meanwhile, participants of the forum have urged in-depth research on the best possible ways of utilizing byproducts of sugar, fishing, incense, and others.