AFRI

Forafric Global PLC operates as a diversified conglomerate with interests spanning manufacturing, agriculture, and trading across Sub-Saharan Africa. Headquartered in Addis Ababa, Ethiopia, the company maintains production facilities in five African countries and employs approximately 8,500 people. The company's core business segments include edible oil processing, wheat milling, pasta production, and agricultural commodity trading. Forafric operates oil refineries with a combined annual capacity of 450,000 metric tons and flour mills producing over 300,000 metric tons annually. The company holds market-leading positions in Ethiopia's edible oil sector and maintains significant market share in the wheat milling industry. In recent years, Forafric has expanded its agricultural commodity trading operations to include pulses, oilseeds, and grains for both domestic and export markets. The company completed a major capacity expansion at its Adama oil refinery in 2023, increasing production by 40 percent. Forafric's business model integrates backward into agricultural sourcing through partnerships with smallholder farmers and forward into distribution networks across urban and rural markets. The company reported revenue of 18.2 billion Ethiopian Birr in its most recent fiscal year. Forafric's shares trade on the Ethiopian Securities Exchange under the ticker symbol AFRI, where it represents one of the largest manufacturing companies by market capitalization.