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Investment Land Short of Ambition in South

 

 

The size of land found by officials at the Investment Agency of the Southern Regional State is much smaller than the 706,000hct they had hoped was available when the first assessment was conducted a few years ago.

Regional authorities are keen to find available plots within their jurisdictions in order to launch a one-stop-shop service to prospective investors. A finding after four teams were dispatched across the State is very sceptical about the availability of this size of plots, disclosed sources.

“In some areas, we assumed 10,000hct of land is available,” an official from the Agency told Fortune. “What we finally get is less than 1,000hct.”

This will seriously affect the State’s ability to implement what it has approved as its private investment development programme; it aims to facilitate allocation of plots to prospective investors, beginning at the end of the last Ethiopian fiscal year, finalising land related issues on zonal levels, after obtaining investment licenses. There are 13 zones and eight special woredas in the region. 

The number of days it takes to get plots, especially in rural areas, is based on the capacity of the zonal administrators, according to Kidane Abay, acting head of the Promotion and Potentials Study Department of the Agency.

“The recent assessment will bring a speedy response whenever an investor made a request for a plot,” Kidane said. “The investor will complete their request for plots at the same place where they acquire investment licenses.”     

It is to achieve this desire that the regional authorities established a steering committee, chaired by Shiferaw Shigute, president of the Southern Regional State. The committee will be reviewing a study produced by four teams, comprising experts from investment, water, agriculture and agricultural research bureaus under the regional administration.

Of the four teams created, three have already deployed to rural areas of the region, while one is delayed due to transportation problems, and will move to urban areas next week, sources disclosed to Fortune

However, experts in the region are afraid they may not deliver good news to the steering committee; their initial assessments revealed that there exists a huge gap between what they have seen on the benchmark information provided by the Agency, and the reality on the ground.

“Our plan was very ambitious,” an Agency official admitted.

The Agency’s assumed area of land available for investment even contradicts with another bureau under the regional administration.

A bulletin published by the Promotion and Potentials Study Department, in January 2007, claims that there is 450,000hct of land available for investment purposes in the region. The bulletin refers South Omo as a zone that contains most of the available land, 308,000hct. The Agency, however, has put in its benchmark that there is 350,000hct to be made available in the region.      

The Southern Nations, Nationalities and Peoples Regional State covers an area of 110, 931sqkm, which accounts for 10pc of the country’s size.

 

 

 


 

By TESFALEM WALDYES

SPECIAL TO FORTUNE

 
 
 
   
   
   
 
 
 

 

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