Indofood Sukses Makmur has become one of the largest suppliers of instant food products in Ethiopia while Wings becomes the country’s largest supplier of washing detergent.

By Arief Kamaludin |

Recently, Indonesia’s Minister of State-owned Enterprises Rini Soemarno welcomed a delegation from Ethiopia. During the visit, Ethiopia asked for some input from the ministry about restructuring its state firms.

According to the minister’s special staff Riza Primadi, Ethiopia has set up its state-owned enterprise ministry just eight months ago. They want to learn from Indonesia about consolidating SOEs and managing them under the ministry. “They want to learn about how it’s done and about the reporting process,” Riza said after a meeting with the Ethiopian minister Demitu Hambisa Bonsa at the ministry’s building in Jakarta, Friday (April 8th).

Representatives from Pelni, Pelindo, Waskita, and Kereta Api Indonesia (KAI) also attended the meeting on Rini’s invitation. At the meeting, the ministry promised to share some laws from which Ethiopia could learn about the business and operation of state firms, including management of capital market law, ways to open state firms to the public, and the mechanism of state equity participation.

Ethiopia will also focus on studying the infrastructure and transport sectors. Therefore, they also plan to visit the Gambir and Manggarai stations to observe train operations there. Afterwards, they will visit Tanjung Priok Port and board a ferry belonging to ASDP Indonesia Ferry to observe the port infrastructure.

At the meeting, Riza said that the minister hopes that their visit can increase cooperation between the two countries as there are opportunities for Indonesian state firms to expand into Ethiopia. Indofood Sukses Makmur has become one of the largest suppliers of instant food products in Ethiopia. Wings is the country’s largest supplier of washing detergent, and Sinarmas Group is the largest supplier of books.

Rini hopes that Ethiopia welcomes Pupuk Indonesia and Semen Indonesia to invest there. This would not only mean exporting their products into Ethiopia. “They could also build factories in Ethiopia. Ethiopia is one of the countries with double-digit economic growth. Although the country is small, there is potential,” Riza said.

Source: Katadata News
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