Addis Ababa, May 31, 2018 - IFC,
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
The event was part of IFC’s efforts to help
the region’s agribusinesses fulfill their potential, creating jobs and
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 www.ifc.org