In Summary
- United Arab Emirates, Saudi Arabia, India, China and South Korea among states seeking farms in Ethiopia.
- India leads the "land grabbing" race, with more than $2.5 billion in agricultural investment
- Currently, more than 5.2 million Ethiopians need emergency food aid
Ethiopian government has defended its plan to offer 2.7 million hectares of farmland to foreign companies despite millions of citizens who need food aid from the international community. graping O
According to Ethiopia's Agriculture Ministry officials, the country delineated around 2.7 million hectares of land, available for foreign companies from Middle East and East Asia countries.
The government will hand over 1.7 million hectares of arable land to the foreign investors before the coming harvest season.
World's top oil producing countries including United Arab Emirates, Saudi Arabia, and giant economies like India, China and South Korea are queuing in Addis Ababa to start big commercial farming to feed their own people. read more
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