Ethiopia Suspends Providing Agriculture Land for Investment

Last Updated on Wednesday, 21 March 2012 11:45 Written by Meron Tekleberhan Monday, 19 March 2012 09:39

Attention: open in a new window.

The Ministry of Agriculture, Ethiopia suspended land allocations for investment purposes to take time for assessment.

The MoA will reassess its internal structures and evaluate the work that is being performed on the land that has already been provided for investment before it commences its regular services.

The Ministry will review requests on a case by case basis to provide land for big projects said Isayas Kebede, Director of the Investment Supporting Directorate with the ministry.

Since the Investment Supporting Directorate has been established the ministry has allocated a total of 342,099 hectares to local and foreign investment companies.

The Directorate took 3.6 million hectares of land in Oromia, Benishangul Gumuz, Gambela and the Southern Region and has been allocating large land grants between 100,000-500,000 hectares of land.

It has been reported, however, that investors have not been utilizing land allocated for investment appropriately according to sources.

The Ministry will need to re-evaluate the current status of land in the possession of investors before allocating further land for investors it was said.

Source: The Reporter

Recent Articles by Meron Tekleberhan :

» Ethiopian Investment Agency Announces 133 Projects Licensed in the Last Quarter

The Ethiopian Investment Agency has licensed 133 investment projects, with a combined capital of 11.6 billion birr in the last quarter according to...

» Ethiopia Invites Dubai Businessmen

Dubai Chamber of Commerce and Industry called upon Dubai companies to invest in Ethiopia, especially in the livestock, agricultural and...

» Ethiopia Earns 1.2 Billion Birr from Mining Investments

Ethiopia has earned more than 1.2 billion birr in revenue from investment projects in mining exploration and production licensed in the last nine...

» A Dutch Company Won Bid to Supply Heifers to Ethiopia

Van der Ploeg International BV, a Dutch company, has won a tender floated by the Ethiopian Agriculture Growth Project (AGP) to supply pregnant...

» IFC Launched Program to Ease Doing Business in Ethiopia

The International Finance Corporation (IFC), member of the World Bank Group is to cooperate with the Ethiopian Ministry of Trade (MoT) and Ethiopian...