Muluneh Lema, is a founding member and General Manager of Mintu Investment Group (MIG) as well as President of the Ethiopian Millers Association. Educated in the US, he took the initiative to turn his family’s legacy of a candy factory and flour wholesaling into a gigantic group of factories. Under the group, companies engaged in the manufacturing, food processing, real estate, import, export, and pharmaceutical sectors, operate. Wakene Food Complex, Mintu Plast, Menoria Real Estate, Mintu Export, and Mintu Pharma are his leading companies. With ETB800 million in annual turnover, the group has doubled its investment capital to ETB1 billion over the last six years. Formed by four brothers, MIG succeeded mainly because the siblings specialized in different sectors.
The plastic factory has especially managed to substitute imports of plastic bottles and caps for water bottlers in Ethiopia. It has also substituted the import of PVCs and other plastic products used as construction and agricultural inputs. Wakene Food Complex, on the other hand, has the lion’s share in Ethiopia’s wheat and flour market.