Addis Ababa May 13/2015 Ethiopian Agriculture Investment Land Administration Agency disclosed that it has provided over 2.3 million hectares of land for investors this Ethiopia fiscal year.

The agency evaluated here yesterday its performance of nine months with stakeholders drawn from seven regional states, federal and investment bodies and investors in the sectors.

Agency Director-General Aberra Mulat said the government has distributed most of the 3.6 million hectares of land allotted by the government for investors.

Out of the land provided to the investors in the period under review, however, only 30 percent is cultivated, he said, adding that the performance is low.

Good governance, land grab, lack of infrastructure, shortage of chemical and agricultural equipment as well as loan are the main causes of the low performance, the director-general said.

Efforts have been exerted to resolve these challenges with stakeholders and investors, according to him.

Source: Ethiopian News agency