Addis Ababa, May 31, 2018 -
, a member of the World Bank Group, in cooperation with Ethiopian Food, Medicine and Health Care Administration and Control Authority is launching a new initiative to help Ethiopian food producers enhance their food safety management practices, to develop the country’s food processing industry, and open doors to new export markets.
On May 31, 2018, close to 70 food producers, retailers, industry experts and policy makers gathered at a workshop in Addis Ababa, the first awareness event on modern food safety management systems in the country. The co-organized event focused on business opportunities for local companies and best global practices in food safety management. Participants and speakers emphasized the importance of better food safety practices, presented current and emerging trends on food safety, and discussed lessons learned on business case on better food safety.
“In Ethiopia, better agribusiness practices can help boost revenues, reduce costs, manage risks and open new markets for farmers and entrepreneurs in the food industry. IFC’s work in Ethiopia builds on our experience in other countries around the globe where we helped local players grow and create new opportunities,” said Sarah Ockman, IFC’s Global Food Safety Advisory Lead.
The event was part of IFC’s efforts to help the region’s agribusinesses fulfill their potential, creating jobs and growth.
IFC Global Food Safety Advisory Platform supports agribusiness and retail clients in all food industry sectors to increase their competitiveness. The program has helped attract more than $290 million of investment in over 150 IFC clients in globally, generating $230 million in increased sales, in addition to greater efficiency, cost savings, and brand value, and improved waste and risk management.
Under this Platform, the Africa Food Safety Project, funded by the Government of Japan, aims to facilitate the upgrading of food safety management systems of local companies to improve their efficiency and competitiveness. Project activities range from engagements with IFC clients to training local consultants and raising awareness on food safety to the private sector.
IFC—a sister organization of the World Bank and member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work with more than 2,000 businesses worldwide, using our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In FY17, we delivered a record $19.3 billion in long-term financing for developing countries, leveraging the power of the private sector to help end poverty and boost shared prosperity. For more information, visit