[Addis Ababa, Ethiopia – 24th October 2019]. EAGC grain trade mission to Ethiopia for Kenyan traders and processors, saw Ethiopian exporters of maize, beans, lentils, oil seed, sorghum, millet and other assorted grains sign trade contract agreements amounting to 175, 000MT worth over USD 100,000,000 with Kenyan buyers.
Representatives from eleven grain trading and processing companies in Kenya attended the mission which took place in Addis Ababa, Ethiopia. The trade mission included a matchmaking Business 2 Business session for the buyers and sellers in which they exchanged information, networked, and negotiated trade deals. The mission provided an opportunity for Kenyan delegates to make a courtesy call to the Embassy of the Republic of Kenya in Addis Ababa, a learning and experiential visit to Alpha Trading which is a grain processing and handling facility located in Adama and a visit to Bahir Dar, a commercial grain firm in Addis Ababa.
Ato Essays Kebede, the General Manager at Ethio Agri-CEFT, one of the sponsors of the Trade Mission said the mission demonstrated the potential of the private sector investment to bring about trade competition through overcoming cross border trade barriers and therefore stimulating export led economic growth which is crucial to regional integrity and prosperity.
“Coming to Ethiopia has been a quite a game changer for us,” said Mr. David Muriuki, a Kenyan processor participating in the trade mission. “It has given us a major breakthrough to key Ethiopian grain sellers with large trade volumes and desirable quality.”
Kenya’s annual demand for Soybean is about 70,000 MT yet the supply from local production hardly gets to 15,000 MT against a continuously increasing demand due to the growing animal feed and oil processing industries that utilize raw soy bean or soy bean by products.
Mr. Billy Okongo, the Group Supply Chain Manager at Unga Group Limited, a market leading company in animal feeds production in Kenya, expressed his joy for joining the trade mission to explore partnerships with their Ethiopian counterparts citing promising trade deals.
“We thank EAGC for organizing the trade mission to Ethiopia, we are very grateful to have sealed trade deals with Ethiopian suppliers of white sorghum and soya bean, ” said a delighted Mr. Billy.
Trade Mark East Africa Ethiopia’s Country Manager Ato Tadessa Yimamu reiterated the country’s commitments to institute several trade friendly measures to facilitate efficient trade between the two countries particularly infrastructural investments which will enhance access across the border and foster economic co-operation.
“We will work with the Eastern Africa Grain Council to unlock logistics challenges hampering trade between Kenya & Ethiopia. Currently we are supporting the operations of the Moyale One Stop Border Post where clearance procedures will soon be automated, ” said Ato Tadessa.
Grain traders and processors have developed new connections and explored business opportunities with leading grain traders from Ethiopia. These new partnerships will foster economic growth and improve business outcomes in both countries as well as promote food security in the region.
Eastern Africa Grain Council is facilitating efficient, structured, inclusive and profitable cross-border grain trade for optimal benefits of grain value chain players and the broader economy in the journey towards achieving regional food security.
ABOUT EASTERN AFRICA GRAIN COUNCIL (EAGC)
The Eastern Africa Grain Council is a regional organization with membership drawn from across the Eastern and Southern Africa. Membership is drawn from grain value chain stakeholders currently with presence in 10 countries across Africa including Burundi, Kenya, Uganda, Rwanda, Tanzania, Zambia, Malawi, South Sudan, DRC Congo and Ethiopia. EAGC’s key products and services include promotion of structured trading system (STS) through the warehouse receipting systems (WRS), and Regional Grain Trading platform (G-Soko), Market Information Systems (MIS) offered through the Regional Agricultural Trade Intelligence Network (RATIN- (www.ratin.net) and evidence-based Policy Advocacy and Training and Capacity Building through the Grain Business Institute (GBI).
For more Information please contact the EAGC Secretariat:
Regional Manager, MIS & Communication– Jacinta Mwau Tel: +254 733 444 035