× Business BUSINESS MOTORING SHIPPING & LOGISTICS DR PESA FINANCIAL STANDARD Digital News Videos Health & Science Lifestyle Opinion Education Columnists Moi Cabinets Arts & Culture Fact Check Podcasts E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified Jobs Games Crosswords Sudoku The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS
×

Ethiopia body suspends farm lease programme

NEWS
By Reuters | March 28th 2016

An Ethiopian state body that has been involved in leasing tracts of land for commercial farming has suspended the issuance of new licences until it completes a review because of scant progress in developing areas leased so far, an official said. The Horn of Africa country in 2011 allocated 3.6 million hectares of land, close to the size of Switzerland, for firms seeking to invest in agriculture, mostly around its western Gambela and Benishangul Gumuz regions. More than 2.43 million hectares has been leased to nearly 5,700 domestic and foreign firms at 20 Ethiopian birr ($0.90) per hectare on average, said Daniel Zenebe, spokesman for the Agriculture Investment and Land Administration Agency. But investors have only developed 30 percent of the land leased. “There is a need for a review on where it has gone wrong. The suspension is indefinite,” he said.

Share this story
Dollar strength hurts stocks, crude oil bounces off lows
Global equity markets declined on Thursday and the dollar added to a recent string of gains after another US Federal Reserve official talked of higher US interest rates before long.
Dog walking becomes the newest hustle in town
Dog walking is now a status symbol. Owning a pet is cool. I nowadays meet lots of Kenyans and foreigners walking their dogs and some running.
.
RECOMMENDED NEWS
Feedback