285 investors lose agri-business investment license

In 2017, a US based Ethiopian News outlet reported most of those who appropriated land for agri-business in Gambella region were TPLF affiliated mean for whom a loan was arranged from Development Bank of Ethiopia

agri-business _ Ethiopia _ Gambella
Gambella regional state president, Umod Ujulo. Photo credit : ENA

borkena
April 21, 2020

Since about ten years ago, Gambella regional state-granted agribusiness license and land for nearly 705 investors. Almost 40 percent of them failed to honor their investment commitment so much so that some have not even started work in nine years. Now the region’s government is acting on it.   

Two hundred eighty-five investors who appropriated land for agri-business in the Gambella region of Ethiopia are expropriated, and the regional authority cancels their business license, state media Ethiopian News Agency reported on Tuesday. 

The region’s top authority, Umod Ujulo, told journalists that the business license is revoked because they did not start active investment nine years after appropriating land for agribusiness and getting licenses. 

“The regional government was compelled to take the measures because the investors have not started development work in the appropriated land which is over 210,570 hectares of land,” Umod Ujulo is cited as saying. 

Some of them have started some work. Others have not started work at all and did not pay a land tax for a long time. 

Moreover, Gambell regional state president said 36 of the “investors” took a loan from the Development Bank of Ethiopia and disappeared without a trace. 

Ujulo Umod is the Director of the Investment Agency in the region. He said his office repeatedly tried to reach out to the investors, whose licenses are now canceled, to inform them that they need to start working on their investment project but to no avail. 

Now the regional state is calling on those investors who have an interest in investing in the region in a wide range of sectors.   



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2 Responses to "285 investors lose agri-business investment license"

  1. ክርስቶርቶስ   April 22, 2020 at 12:25 am

    Many would like to invest in agriculture for the tenth time during our life in Ethiopia, even though all nine previous investments we made ended up getting repossessed when one leader leaves and another one comes in Ethiopia. Derg Mengistu took from us then Woyane Hailemariam took from us same cycle left us giving up hope in Ethiopia being self sufficient in good in this lifetime , so what guarantee the Abiy reformed constitution give to investors is something all are interested to find out so investors feel safe to invest , how is investment expected to be made in unstable region led by the EPRDF dictators since 1991 until now is something all are interested to know.

    According to the United Nations UN World Food Programme COVID-19 will double number of people facing food crises unless swift action is taken to address food security. Debt forgiveness doesn’t translate into food. Food can only be gotten by freedom of people to farm their lands without the government bureaucracy preventing them.

    To deal with the Mega Drought which is expected to hit parts of Africa , the Middle East and parts of the North America we agriculture investors want freedom freedom freedom , we want freedom from the EPRDF Abiy Ahmed’s dictatorship.

    Freedom Freedom Freedom Freedom !!!!!

    21 April 2020

    In this year 2020 COVID-19 will double number of people facing food crises unless swift action is taken

    ROME – The COVID-19 pandemic could almost double the number of people suffering acute hunger, pushing it to more than a quarter of a billion by the end of 2020, the United Nations World Food Programme (WFP) warned today as it and other partners released a new report on food crises around the world.
    The number of people facing acute food insecurity (IPC/CH 3 or worse) stands to rise to 265 million in 2020, up by 130 million from the 135 million in 2019, as a result of the economic impact of COVID-19, according to a WFP projection. The estimate was announced alongside the release of the Global Report on Food Crises, produced by WFP and 15 other humanitarian and development partners.

    In this context, it is vital that food assistance programme be maintained, including WFP’s own programmes which offer a lifeline to almost 100 million vulnerable people globally.

    Some 265 million people in low and middle-income countries will be in acute food insecurity by the end of 2020 unless swift action is taken (source: WFP projection).
    The majority of people suffering acute food insecurity in 2019 were in countries affected by conflict (77 million), climate change (34 million) and economic crises (24 million people). (source: Global Report on Food Crises).
    10 countries constituted the worst food crises in 2019: Yemen, the Democratic Republic of the Congo, Afghanistan, Venezuela (Bolivarian Republic of), Ethiopia, South Sudan, Syria, the Sudan, Nigeria and Haiti. (source: Global Report on Food Crises).
    South Sudan had 61 percent of its population in a state of food crisis (or worse) in 2019. Six other countries also had at least 35 percent of their populations in a state of food crisis: Sudan, Yemen, Central African Republic, Zimbabwe, Afghanistan, Syrian Arab Republic and Haiti. (source: Global Report on Food Crises).
    These ten countries accounted for 66 percent of the total population in Crisis or worse (IPC/CH Phase 3 or above) or 88 million people. (source: Global Report on Food Crises).

    WFP’s Senior Economist, Arif Husain said:

    “COVID-19 is potentially catastrophic for millions who are already hanging by a thread. It is a hammer blow for millions more who can only eat if they earn a wage. Lockdowns and global economic recession have already decimated their nest eggs. It only takes one more shock – like COVID-19 – to push them over the edge. We must collectively act now to mitigate the impact of this global catastrophe.”

    The United Nations World Food Programme is the world’s largest humanitarian organization, saving lives in emergencies, building prosperity and supporting a sustainable future for people recovering from conflict, disasters and the impact of climate change.

    Freedom Freedom Freedom Freedom!!!!

    Reply
  2. Mulugeta Shiferaw   April 22, 2020 at 2:20 pm

    Gambella , Ethiopia is in worst economic standing than Eritrea .

    Reply

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