Kare Import & Export

P.L.C. has a sister company, Wellega Pharmaceuticals PLC, Shenen Gibe Pharmaceuticals P.L.C. and Watto Coffee Development PLC; that involved in the local distribution of medicines and Medical supplies and coffee producing and exporting business. These firms are engaged in business which have good contribution to the community and created a job opportunity for more 320 persons who are earning their income directly or indirectly. Objective of the project The main objectives of reinterring into this export activity are To contribute our part to reduce the foreign currency shortage the country facing currently. Considering the potential to generate huge amount of foreign currency from a single shipment Considering the relative profitability of this sector as compared to exporting of other items In addition as an importer of Pharmaceutical products we expect to narrow the gap between our demand & supply of goods through generating foreign currency. To contribute our part to reduce the foreign currency shortage the country facing currently. Considering the potential to generate huge amount of foreign currency from a single shipment Considering the relative profitability of this sector as compared to exporting of other items In addition as an importer of Pharmaceutical products we expect to narrow the gap between our demand & supply of goods through generating foreign currency. Hence engaging in export activity is believed to help the company to utilize its own foreign currency earning. The main objectives of reinterring in to this import activity are Bringing the best medicines to the community. To minimize scarcity of human medicine in the market by providing its availability in all our capacity. Making the business profitable through offering of quality products Importing of Pharmaceutical products gives the company more to learn about different products; that will give us transform our business to production of medicines locally in the near future. Bringing the best medicines to the community. To minimize scarcity of human medicine in the market by providing its availability in all our capacity. Making the business profitable through offering of quality products Importing of Pharmaceutical products gives the company more to learn about different products; that will give us transform our business to production of medicines locally in the near future. Hence engaging in import activity is believed to help the company to strengthen its future capacity. Market analysis summary Ethiopia's estimated production of coffee is often said to be the largest in Africa. In addition Ethiopia is a major supplier of coffee to international markets, the number of coffee export has increased dramatically in last two decades. It is estimated to number over 150 million in 2007/2008 and in 2019 FAO estimated that Ethiopian coffee contribute about 70 percent to total export earnings, of which 69 percent accounted for by Wellega and Harer coffee exports.…