Corporate Updates

CEO Signs Strategic Contractual Farming Agreement with Amibara Farm Development PLC

Executive Office

Executive Office

Published on August 22, 2025

CEO Signs Strategic Contractual Farming Agreement with Amibara Farm Development PLC

ETHIOPIA — In a strategic move that reinforces our commitment to sustainable supply chain management, Buluko Textile Share Company's Chief Executive Officer Nigussie Godana signed a landmark contractual farming agreement with Amibara Farm Development PLC on August 22, 2025.

Strategic Partnership for Sustainable Cotton Supply

This groundbreaking agreement represents a significant milestone in securing high-quality, locally-sourced cotton while supporting Ethiopian agricultural communities. The partnership demonstrates our commitment to building resilient supply chains that benefit both industrial growth and rural development.

Agreement Highlights

Sustainable Supply Chain Under this comprehensive contract, Buluko Textile S.C. has committed to purchasing cotton fiber production for one year, establishing a reliable foundation for both parties:

• Quality Assurance: Ensuring consistent, high-grade cotton that meets international standards • Supply Security: Guaranteeing steady cotton availability for our manufacturing operations • Fair Pricing: Providing competitive rates that support farmer livelihoods • Technical Support: Offering agricultural guidance and best practices

Long-term Collaboration Framework

The agreement extends beyond a simple purchase contract—it establishes a framework for sustained collaboration that benefits the entire value chain:

Farmer Development Supporting Amibara Farm Development PLC through technical training, quality improvement programs, and guaranteed market access.

Industrial Integration Aligning cotton production with our manufacturing requirements, ensuring optimal quality and timing for our production cycles.

Community Impact Contributing to rural economic development by providing stable income opportunities for local farming communities.

Vision for Ethiopian Agriculture

"This partnership exemplifies how industry and agriculture can work together to build Ethiopia's economic future," emphasized our leadership team during the signing ceremony.

The contractual farming model represents a win-win approach that: • Secures reliable raw material supply for manufacturing • Provides guaranteed income for agricultural cooperatives • Strengthens Ethiopia's integrated value chain development • Supports food security and economic diversification

Building Sustainable Futures

This agreement reinforces Buluko Textile's role as more than a manufacturer—we are partners in Ethiopia's comprehensive economic development. By investing in local agriculture and supporting farming communities, we're building the foundation for sustainable industrial growth.

The contractual farming partnership with Amibara Farm Development PLC represents our ongoing commitment to responsible business practices that create value for all stakeholders while strengthening Ethiopia's textile industry from farm to factory.