According to IPDC, this agreement stands as a significant milestone in the African country’s strategy to become a world leader in high-value agricultural exports that include these high-quality products.

AFI CEO and president Nassour Mahamat commented that they are bringing cutting-edge technology, sustainable practices and a trade-driven strategy that will benefit both local communities and international consumers.

For his part, Ethiopian Corporation CEO Fisseha Yitagesu stressed the importance of this partnership, noting that the investment concept is new to the company.

Yitagesu highlighted the alignment of the project with Ethiopia’s vision to modernize its agricultural sector, increase exports and attract foreign direct investment. He assured the investors that his office is ready to support the realization of the agreement.

According to the source, the $2 million investment established in the Bole Lemi Special Economic Zones, located in the capital, is expected to accelerate the modernization drive.

Africa Agricultural Industries, a subsidiary of Pluton Invest, was established in 2020 in Chad and has expertise in artificial intelligence (AI)-driven precision farming, climate-controlled hydroponics and hopes to place Ethiopia among the world’s leading producers of strawberries and saffron.

The AI-driven vertical farming system will ensure year-round production, high yields and strict quality control.

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