This message expresses the views and opinions of the author and not necessarily
those of CyberEthiopia, its staff or its affiliates. If you think this message
is inappropriate or violates our rules and regulations , please notify the Administrators by clicking on the report button below.
Ethiopia: “ The then Ambassador of Ethiopia has sought clarification from the RBI regarding opportunities for Indian investors for land-buying in Ethiopia. Ambassador was of the view that India has been leading the land-buying race with investments now standing at US$ 4.3 billion. However, the RBI has informed that as per its records, the total amount invested in Ethiopia from 1960 to the end of July 2009 by residents in India by way of overseas direct investments is only US$ 9.3 million towards equity. It is clear that there exists immense opportunities for leasing of land by Indian companies/farmers.”
...
In Ethiopia, the government of former Marxist rebels that had once promised ‘ land to the tiller’ has set aside more than 2.5 million hectares for agri-business. Global investors are lured with 40-year leases and tax holidays by a regime desperate for foreign currency. The Ethiopian Review, a current affairs magazine, has reported that “ Indian companies have committed US$ 4.2 billion” to agri-investment in Ethiopia (the figure matches the contested number in the summary issued by the Ministry of Agriculture). Karuturi Agro Products farms 12,000 hectares in Ethiopia and grows corn on smallholder land which once supported teff, a local foodgrain. “ Hundreds of Ethiopian workers, overseen by Indian supervisors, were bent over rows of corn stalks, cutting weeds tangled around them with small blades,” reported The Ethiopian Review. “ Many of the workers were children. The day rate: 8 birr, about 70 cents. Ethiopians cannot own land, instead they hold ‘ use certificates’ for their tiny plots, making it difficult to get loans, or to sell or increase holdings. A worker said the company had refused to sign a wage contract and had failed to deliver promised water and power to nearby villages. Supervisors treat them cruelly, he said, and most workers were just biding time until they could go work for a Chinese construction company rumoured to pay US$ 2-4 a day.” The Review said that India dominates foreign direct investment in the agricultural sector with investment in place of US$ 2.1 billion, followed by the EU (US$ 1.44 billion), the USA (US$ 542 million), Israel (US$ 528 million) and Saudi Arabia (US$ 172 million).
The international rush to farm Ethiopian land has prompted media attention worldwide on what is now called the ‘ 21st century land grab’ . In an investigation published on March 7, 2010, by the British weekly newspaper, The Observer, conditions in a region called Oromia are described. “ Oromia is one of the centres of the African land rush,” said the Observer report. “ Haile Hirpa, president of the Oromia studies association, said last week in a letter of protest to UN Secretary General Ban Ki-Moon that India had acquired 1 million hectares, Djibouti 10,000 hectares, Saudi Arabia 100,000 hectares, and that Egyptian, South Korean, Chinese, Nigerian and other Arab investors were all active in the state.”
This message expresses the views and opinions of the author and not necessarily
those of CyberEthiopia, its staff or its affiliates. If you think this message
is inappropriate or violates our rules and regulations , please notify the Administrators by clicking on the report button below.
Ethiopia: “ The then Ambassador of Ethiopia has sought clarification from the RBI regarding opportunities for Indian investors for land-buying in Ethiopia. Ambassador was of the view that India has been leading the land-buying race with investments now standing at US$ 4.3 billion. However, the RBI has informed that as per its records, the total amount invested in Ethiopia from 1960 to the end of July 2009 by residents in India by way of overseas direct investments is only US$ 9.3 million towards equity. It is clear that there exists immense opportunities for leasing of land by Indian companies/farmers.”
...
In Ethiopia, the government of former Marxist rebels that had once promised ‘ land to the tiller’ has set aside more than 2.5 million hectares for agri-business. Global investors are lured with 40-year leases and tax holidays by a regime desperate for foreign currency. The Ethiopian Review, a current affairs magazine, has reported that “ Indian companies have committed US$ 4.2 billion” to agri-investment in Ethiopia (the figure matches the contested number in the summary issued by the Ministry of Agriculture). Karuturi Agro Products farms 12,000 hectares in Ethiopia and grows corn on smallholder land which once supported teff, a local foodgrain. “ Hundreds of Ethiopian workers, overseen by Indian supervisors, were bent over rows of corn stalks, cutting weeds tangled around them with small blades,” reported The Ethiopian Review. “ Many of the workers were children. The day rate: 8 birr, about 70 cents. Ethiopians cannot own land, instead they hold ‘ use certificates’ for their tiny plots, making it difficult to get loans, or to sell or increase holdings. A worker said the company had refused to sign a wage contract and had failed to deliver promised water and power to nearby villages. Supervisors treat them cruelly, he said, and most workers were just biding time until they could go work for a Chinese construction company rumoured to pay US$ 2-4 a day.” The Review said that India dominates foreign direct investment in the agricultural sector with investment in place of US$ 2.1 billion, followed by the EU (US$ 1.44 billion), the USA (US$ 542 million), Israel (US$ 528 million) and Saudi Arabia (US$ 172 million).
The international rush to farm Ethiopian land has prompted media attention worldwide on what is now called the ‘ 21st century land grab’ . In an investigation published on March 7, 2010, by the British weekly newspaper, The Observer, conditions in a region called Oromia are described. “ Oromia is one of the centres of the African land rush,” said the Observer report. “ Haile Hirpa, president of the Oromia studies association, said last week in a letter of protest to UN Secretary General Ban Ki-Moon that India had acquired 1 million hectares, Djibouti 10,000 hectares, Saudi Arabia 100,000 hectares, and that Egyptian, South Korean, Chinese, Nigerian and other Arab investors were all active in the state.”
_________________ When we do it right No-one remembers,
When we do it wrong No-one forgets.
This message expresses the views and opinions of the author and not necessarily
those of CyberEthiopia, its staff or its affiliates. If you think this message
is inappropriate or violates our rules and regulations , please notify the Administrators by clicking on the report button below.
This message expresses the views and opinions of the author and not necessarily
those of CyberEthiopia, its staff or its affiliates. If you think this message
is inappropriate or violates our rules and regulations , please notify the Administrators by clicking on the report button below.
This message expresses the views and opinions of the author and not necessarily
those of CyberEthiopia, its staff or its affiliates. If you think this message
is inappropriate or violates our rules and regulations , please notify the Administrators by clicking on the report button below.
This message expresses the views and opinions of the author and not necessarily
those of CyberEthiopia, its staff or its affiliates. If you think this message
is inappropriate or violates our rules and regulations , please notify the Administrators by clicking on the report button below.
This message expresses the views and opinions of the author and not necessarily
those of CyberEthiopia, its staff or its affiliates. If you think this message
is inappropriate or violates our rules and regulations , please notify the Administrators by clicking on the report button below.
This message expresses the views and opinions of the author and not necessarily
those of CyberEthiopia, its staff or its affiliates. If you think this message
is inappropriate or violates our rules and regulations , please notify the Administrators by clicking on the report button below.
ሌላው ያገራችን ምሁሮች የጻፉትን ለማገናዘብ ሕሊና የላችሁም ነው ያልከው ? ባንተ ሕሊና እንድንመራ አትጠብቅ :: አንተ አለህ አይደል በነጮች ሕሊና የምትመራ በግ :: እስከምቼስ የነሱ አለቅላቂ ሆነህ ትዘልቀዋልህ ? በርራስህ ስለማትተማመን ሁሌ አሉ : ተባለ : ዘገቡ እያልክ ታደርቀናለህ :: _________________ When we do it right No-one remembers,
When we do it wrong No-one forgets.
This message expresses the views and opinions of the author and not necessarily
those of CyberEthiopia, its staff or its affiliates. If you think this message
is inappropriate or violates our rules and regulations , please notify the Administrators by clicking on the report button below.
This message expresses the views and opinions of the author and not necessarily
those of CyberEthiopia, its staff or its affiliates. If you think this message
is inappropriate or violates our rules and regulations , please notify the Administrators by clicking on the report button below.
_________________ When we do it right No-one remembers,
When we do it wrong No-one forgets.
This message expresses the views and opinions of the author and not necessarily
those of CyberEthiopia, its staff or its affiliates. If you think this message
is inappropriate or violates our rules and regulations , please notify the Administrators by clicking on the report button below.
This message expresses the views and opinions of the author and not necessarily
those of CyberEthiopia, its staff or its affiliates. If you think this message
is inappropriate or violates our rules and regulations , please notify the Administrators by clicking on the report button below.
JEDDAH: Saudi trade and investment in Ethiopia is expanding. “ The investment increase is particularly seen in the agricultural sector and is in line with Custodian of the Two Holy Mosques King Abdullah’ s initiative to provide food security for the Kingdom. Agricultural lands being leased by Saudis have been increasing by the day in Ethiopia,” Ethiopian Consul General Tekleab Kebede told the community at the country’ s national day celebrations at the consulate over the weekend.
Kebede said many Saudis and local companies had been signing contracts with landowners across Ethiopia to produce grains and other agricultural products. “ Rice produced by a prominent Saudi company was presented to the king recently,” he said.
Saudis are allowed 100 percent investment in projects in Ethiopia. “ They either lease plots of land or enter into deals in cooperation with local partners,” the consul general said. Such investments are now worth millions of dollars, he added.
“ We have plenty of land, water and abundant labor, while Saudis have capital. We have been giving the message to Saudis that we complement each other in boosting our bilateral business, investment and trade volumes. After all, both countries have close geographical proximity,” Kebede said.
Kebede said the bilateral trade volume had exceeded $500 million, with the balance remaining in favor of the Kingdom due to heavy oil imports into his country. “ The Kingdom remains our second trading partner, with our trade continuing to increase,” he said, adding that Saudi investors were prominent in his country and have been increasingly investing in agriculture, tourism, hotels, mining and manufacturing.
The consul general said a ministerial delegation belonging to agriculture and rural development had a successful visit to the Kingdom earlier in May. “ They discussed with their Saudi counterparts in Riyadh and Jeddah new proposals related to livestock and meat exports to the Kingdom,” he said. “ We have huge livestock potential. We have already been exporting livestock and meat, but our new thrust is in further strengthening our presence in the Kingdom’ s food sector,” Kebede added.
The consul general said May 28, 1991 marked the end of 17 years of war, thus heralding peace and stability that resulted in the country’ s march toward economic, social and political progress.
“ Ethiopia is changing for the better, and the country is open for business and foreign investment,” he said and urged Saudis to take advantage of the “ congenial” investment atmosphere.
ተድላ
This message expresses the views and opinions of the author and not necessarily
those of CyberEthiopia, its staff or its affiliates. If you think this message
is inappropriate or violates our rules and regulations , please notify the Administrators by clicking on the report button below.
This message expresses the views and opinions of the author and not necessarily
those of CyberEthiopia, its staff or its affiliates. If you think this message
is inappropriate or violates our rules and regulations , please notify the Administrators by clicking on the report button below.
This message expresses the views and opinions of the author and not necessarily
those of CyberEthiopia, its staff or its affiliates. If you think this message
is inappropriate or violates our rules and regulations , please notify the Administrators by clicking on the report button below.
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
Home (New!) 
