The Board of the Ethiopian Investment Commission (EIC) has approved a directive that was designed to incentivise commercial farmers by providing lower lease fees and extended contract periods.
The directive that was approved last week was drafted by the Ethiopian Horticulture Development & Agriculture Investment Authority (EHDAIA), which was established six months ago after the merger of the Ethiopian Horticulture Development Agency and the Ethiopian Agricultural Investment Land Administration Agency (EALAA).
The Authority worked on the draft for the past three months before it was sent to the EIC Board for approval two weeks ago. Then, the Board gave notice of the approval of the directive to the Authority last Thursday. Read more