UK company poised to buy some ten thousand tonnes of sesame
Addis Ababa, Ethiopia - The British Embassy here seems relatively busier this year than ever in accommodating many delegations from London. Some worth mentioning are the recent four ministerial visits to Ethiopia.
And at his residence last Monday, Greg Dorey, the British Ambassador, was in contact with his fellow country business persons.
About six companies and the Ethiopian business community members were represented at the embassy. FAAS Trade and Investment Ltd. was one of those that dealt with local exporters for the purchase of oilseeds and coffee. According Fares F. Oufi, the sales manager, the company is willing to buy as much as ten thousand tons of sesame every year. The biggest market for FAAS is China and he hopes Japan to be in the list soon. For that reason, his company sought Humera type sesame, named after the place where Ethiopia’s best variety of the commodity is cultivated. Previously Oufi was keen on doing business with the Sudanese sesame exporters until the Humera type was favored by the Chinese customers.
However, Oufi pointed out some conditions required from local businesses. On time delivery based on the agreement, it was willing to entertain at most ten days delay as that might cause no harm. The second condition goes with payment and price. He said the payment mode should strictly be limited to Cash Against Document (CAD) arrangements. Oufi went on to say the quality of commodities shouldn’t also be compromised as per the agreement.
Tudor Export Limited Company had sent an agent here last year to do business in areas of photography film, paper and chemical products. The company has been in the business over the last fifty years and stretches across Africa and the Middle East. Hockley International, on the other hand, expressed interests to supply insecticides to the cotton producers here. It has well over 30 years of business exposure in over 90 countries.
Source: TheReporterEthiopia.com