It is known that our country annually imports millions of dollars in foreign exchange from foreign countries. Although we have vast forest and natural resources in our zone, there is no investor who has studied the market gap and entered the sector.
Our zone is covered with vast hectares of forest and coniferous trees, and among the factories that can be established based on our forest resources are chipwood factories and paper factories. Among the products they produce are paper and paper products; furniture products; chipwood, plywood, veneer, hardboard and mica wood products. Since all their products are produced in factories, they are of high quality and standard and are supplied as raw materials to woodworking manufacturers. Most of these industries are small-scale, while a few are medium- and high-scale.
In relation to the production results of the coconut tree, the coconut tree has a wide potential to produce many products from coconut in addition to the above-mentioned industrial products. Specifically, when we look at the products produced from coconut, various household appliances, paper and paper products, various ornaments, table mats, slippers, sandals, etc. are industrial products produced in a single industry in coconut.
Cooking oil is a product used by every human being and is a profitable industry with a large and reliable market.
One of the commodities used for daily consumption is edible oil. Edible oil is an industrial product that is prepared using various oilseeds, garden vegetables, fruits, cottonseed, soybeans, and other agricultural products as raw materials. Although our country widely produces agricultural raw materials used for the preparation of edible oil, especially oilseeds, a large amount of edible oil, which is said by health experts to be substandard and exposes the community to various health problems, is still entering our country. Therefore, it is an investment option that investors can use and benefit from if they enter this sector.
Silte Zone is one of the major pepper producing areas in our country. As the population in urban areas of our country is growing rapidly, pepper and its processing industries are not only profitable but also have a growing demand in the market.
Our zone is one of the leading areas for producing pepper and other pulses and grains. For example, red pepper, peas, beans, barley, chickpeas, millet and many other spices are widely produced in our zone. In addition to the fact that our local pepper variety is preferred, the fact that pepper and other inputs are widely produced in neighboring zones also makes our zone a convenient destination for industries engaged in the field.
Spice processing and packaging is one of the most profitable agro-processing manufacturing industries.
In our globalized world, when we look back at economic history, it is clear that the textile and apparel industry has made significant contributions to developed countries. This is because the sector employs a large workforce. Therefore, it is recommended that developing countries, when entering the industry, start with the textile and apparel industry.
Investors entering this sector can easily and in large quantities obtain raw materials, fabrics/cotton products/yarns, etc. from various industries, and the market conditions are stable and it is a profitable investment option that is growing.
Plastic products are mostly made from factory products and also use recycled plastic products. The production process is simple using various molding machines. Products made from plastic such as chairs, tables, baskets, etc. can help protect the environment by preventing deforestation.
It is believed that there will be no market demand gap as these are products that are used by the majority of society.
It is an industrial option that is carefully produced using high knowledge and technology. Most of the inputs used in the sector are agricultural products and are obtained from other industries, making it a profitable sector with no market problems.
The geographical location of our zone, which is close to the Mojo Dry Port, makes it easy to access and import steel industry resources, which benefits investors in the sector.
It is believed that investors entering the sector will not face market risks as Silteh Zone is a central zone for supplying manufactured products to various markets.
The cosmetics and make-up industry is a lucrative manufacturing industry that generates billions of dollars a year. The sector is constantly evolving and developing, with new formulas and processes being introduced. In the cosmetics industry, ingredients are divided into 3 categories: functional, aesthetic, and claims. In this document, we will look at 7 main types of ingredients.
To produce cosmetic products, we usually use chemical products produced by chemical manufacturing industries.
As more than 80% of the country is made up of farmers and most of the farmers are semi-pastoralists, the demand for animal feed is expected to increase gradually. In addition, the increasing number of investors in the livestock farming sector in our zone will increase the market demand for the sector. Therefore, an animal feed processing factory is a viable investment field.
A chocolate and candy manufacturing factory is an industry that does not require a lot of capital, can be established with minimal capital, and is a profitable industry that is always in demand in the market.
Raw materials for dry and liquid soaps are imported into the domestic market from manufacturing industries located outside the country, and the raw materials are supplied by established chemical industries like ours and wholesalers who import chemicals from abroad. Chemical products are products that are in high demand as they are used by the community every day.
Our zone is one of the wheat-producing areas and has a geographical location that allows it to easily use the wheat produced in the Oromia Regional State and other neighboring zones (Arsi, Bale, Hadiya, Kembata, and others) as an input, making our zone a convenient destination for investors investing in the food processing sector.
From a market perspective, although it is a sector where investors are widely involved, it is a basic consumption item widely used by the community, so the market is considered to be growing with the people and is reliable.
There is an agro-ecology that allows tomato production in all districts of our zone, and in fact, it is being produced mainly in Silti; East Silti, Mito, Lanfuro; Dalocha; Hulbaraga and Sankura districts, although not at full capacity.
In addition, as neighboring zones and neighboring Oromia Region are the highest tomato producing areas in the country, our zone is widely producing in the sector, making our zone a convenient and viable destination for industries engaged in the sector.
Although potatoes are widely grown in the zone and its surroundings, to date they have been produced for domestic consumption and on a small scale for the market. This is because potatoes are a root crop that cannot be stored for more than a few months in its raw state. Potatoes are grown in various woredas in our zone and are also widely grown in the neighboring areas of our zone.
Therefore, our zone is a preferred choice for investors engaged in the industrial sector that processes potato products into cookies, chips, salads, biscuits, flour, potato starch, baby food, etc.
Of the annual production in our zone, 350 tons of honey is exported. Honey is produced in various districts of our zone, and a large amount is also produced in the neighboring areas of our zone. Therefore, a honey and beeswax processing factory is a viable sector.
In addition, candle manufacturing is a manufacturing industry that can compete with honey processing and meat processing in our zone, as it is operated with medium-level manual and automated machinery.
Men's, women's and children's shoes, men's, women's and children's open shoes, various clothing (pants, coats, jackets), bags, wallets and belts are mainly produced in the sector. The inputs can be obtained from the Ethiopian Industrial Inputs Supplier Organization.
Since there are many flour mills in the area and various factories are being established, the demand for packaging fertilizer bags is high, so if investors invest in this sector, they can easily control the local market.
It is also an industry that can transport a large number of products at once and sell them to different markets. It can also easily supply its production inputs from domestic or foreign importers to the dry market.
The cement factory is a major manufacturing investment option in the mining sector that can be produced in our zone, as the Komiche and Redash mines are located in the heart of our zone, and by providing additional needed minerals from the western and central parts of our country, it is a great manufacturing investment option.
The main investment options that can be widely implemented in the sectors of construction at a fixed price are:
The study showed that the investment options that can be implemented in pre-school (from nursery to UKG), primary school (from 1-8), and secondary school (from 9-12) are in order. The potential study indicated that if special attention is paid to pre-school (from nursery to UKG), the community and the entities involved in the sector will be effective.
Eleven potential options were selected in the investment study in the health sector, including: a pharmaceutical and medical supply/distribution organization, hygiene and sanitation marketing, public toilets and showers, a private specialty clinic, especially an eye and dental specialty clinic, a health science college, a pharmaceutical factory, especially oxygen and glucose production, a drug store, a pharmacy, establishing a blood bank at Warabe Hospital, starting community health insurance in selected private health facilities, and establishing an imaging center.
According to the actual situation of our zone, the potential in this sector is still untapped and there are many viable and preferred investment options that can be developed without any competition. Our zone, located in central Ethiopia, is a zone with many comparative advantages that allow it to easily attract and control the tourism industry market. Therefore, in our zone, especially in tourist service providers / lodges, resorts, pensions, quality hotels, cafes and restaurants, wedding and conference halls, amusement parks and others are mainly expected.
Based on the ecological and other favorable conditions of the zone, the following crop types that have comparative advantages, require investor capital investment, and can provide comprehensive benefits if invested in have been identified as alternative investment potential for agricultural investment. These are:
The study identified the zone's comparative advantage potential in general. Their detailed analysis is as follows.
In our zone, an agricultural development system focused on annual crops, including fruit crops, should be included in the production system of farmers and producers, and the community should be able to create additional job opportunities, benefit from the economic market, and have a balanced and additional food supply. The main fruits that are mainly produced in our zone are avocado, mango, apple, papaya, banana, plum, etc.
The zone's diverse ecosystem makes it suitable for the development of various livestock resources. The increasing availability of fodder and water in the zone further enhances its investment potential. Based on these ecosystem and other favorable conditions, alternative livestock investment opportunities that have comparative advantages are listed below.
It is estimated that our zone has significant natural resources in this sector, and it is important to conduct additional and continuous studies in all fields. However, to date, the only resources that are being used are various construction materials and bottled clean drinking water.
Among the construction materials, ash, stone, gravel and borebor are the main minerals found in our zone. As the construction industry is a highly active sector in our country, the market demand for these minerals is very high. Therefore, it has been confirmed through an investment feasibility study that there is a potential for profit if investors enter our zone and engage in the industry by producing the above-mentioned minerals.
Another area of potential in our zone in the mining and energy sector is the bottled drinking water industry, which has been studied as a field with no potential risk if new investors enter and develop.
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