The Ethiopian government has established a new agency tasked with regulation of large-scale agricultural investments, Capital reported. The Agriculture Investment Agency (AIA) was set up to regulate large-scale and mechanized agricultural investments on lands granted by the Ministry of Agriculture.

Abera Mulat, an agriculture expert at the Ministry of Agriculture, has been appointed as the director of the Agriculture Investment Agency.

The Ministry of Agriculture is administrating 3.6 million hectare of land in Oromia, Benishangul Gumuz, Gambella and the Southern regions for large scale agriculture investments. The Ministry has so far allocated 460,000 hectare to local and foreign investors, Capital reported.

Source: Capital