Mohammed Hussein Al Amoudi plans to invest an additional $5 billion in Ethiopia's agriculture and agro-processing sectors over the 2016-2021 period.
Midroc's subsidiary Elfora Agro-industry Plc plans to cultivate alfalfa on 300ha of land at Nettle and Shallo in the Oromia Region with an objective of producing 600 tonnes of forage a month.
- Addis Fortune
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11 May 2015
The executive supervising MIDROC's Ethiopian agriculture projects talks to The Africa Report about how rocketing consumption has been an opportunity for the company.
- Africa Report
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05 January 2015
Commercial farming, with its vast tracts of land, is running into problems in Ethiopia’s Gambella region – and local communities are reaping few benefits
Saudi Star Agricultural Development Plc, an Ethiopian company owned by billionaire Mohamed al-Amoudi, said it plans to invest $100 million in a rice farm in western Ethiopia next year to kick-start the stalled project.
- Bloomberg
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03 December 2014
Sweden's TV4 investigates the multinational retail clothing company H&M's possible involvement in landgrabbing in Ethiopia.
In Gambella, enormous areas of fertile land are lying fallow at an unfinished huge agricultural project site, and agricultural machines stand idle in rows, sinking into the ground.
The Ethiopian Investment Agency (EIA) has withdrawn 3,000 investment permits that it had previously granted to Ethiopian and foreign companies, including Karuturi Global Ltd.
- Africa Intelligence
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10 January 2014
Several investors with large agricultural leases are being investigated for illegal activities, including corruption, environmental destruction, and failure to uphold the terms of their contracts
Karuturi, like many other large-scale investors, underestimated the complexity of opening land for large-scale commercial agriculture.
- Bloomberg
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26 November 2013
Authorities have attributed the growth of a saline lake to irrigation runoff, including that from a company bought this year from the government by Horizon Plantations, a venture majority owned by Mohamed al- Amoudi, the largest single investor in Ethiopia.
Horizon Plantations, an emerging agro-specialized business owned by Sheikh Mohammed Hussein al-Amoudi, plans to compete with world’s leading banana producers following acquisition of several state enterprises.
- Capital Ethiopia
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09 April 2013