Apinec is established in South-West Ethiopia with 67 hectares of nuclear farm plots dispersed in 3 forest farming communities for sustainable forest resource management using improved marketing system, productivity, quality, and value addition of non-timber forest products, especially organic honey and forest coffee.

Market Opportunity/ Problem

Currently, the country can produce over 500k tons of honey and 50k tons of beeswax. However, only 10% of the country’s potential is tapped. This is mainly attributed to the use of outdated and unproductive technology. In recent years, the government has given more focus to the subsector to improve and address bottlenecks that continue to hamper its growth.

Company Information

Years of operation


Type of organization

Private company

Stage of the business

Early stage/ startup

Agribusiness focus

Value addition/ processing

Agriculture value chain(s) focus?


Primary country of operation


Other country(ies) of operation


How many employees does your business have?


Does the business have more than 30% women ownership?


Does the business have more than 30% youth ownership (under 35 years)?


Financing and expansion overview

How much capital is the company currently fundraising (US$)?

$500k – $1m

What is the split between equity and debt?

60% debt and 40% equity
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