Browsing all articles from March, 2010
Mar
11

Foreign agro firms turn to Ethiopian farmland! Ethiopian regulator to share investment opportunities at Large Scale Farming in Africa conference.

Author admin    Category Large Scale Farm News     Tags

Ethiopia is betting that the World Bank is right when it says investing in agriculture is one of the most effective ways to speed economic development in Africa. To breathe new life into their stagnant agriculture sector, Ethiopia is wooing foreign firms with offers to lease huge tracts of land at rock bottom prices according to a recent report in VOANews.com.

The policy of the government of Ethiopia regarding agricultural land development has always been based on the small-scale farmer,” said Prime Minister Meles Zenawi in an interview. “But the strategy also included the possibility of the private sector playing a supplementary but vital role.

The offer of cheap land has attracted wide interest, from governments like Saudi Arabia that import most of their food, to multi-nationals like Karuturi Global.

At CMT’s Large Scale Farming in Africa conference, Mr. Esayas Kebede, the Director of Agricultural Investment Support at Ethiopia’s Ministry of Agriculture & Rural Development will be speaking on the topic, “PROSPECTS OF COMMERCIAL FARMS IN AFRICA” where he will discuss the investment experience in Ethiopia.

In addition to insights from Ethiopia, attendees at the Large Scale Farming in Africa conference, which meets in Cairo on 20-21 April 2010, will also get updates on investment opportunities from the Agriculture Ministries of Ghana, Kenya and Egypt.

In fact, H.E. Amin Abaza, Egypt’s Minister of Agriculture & Land Reclamation will be delivering the keynote address at the Cairo conference on the topic, “OPPORTUNITIES FOR AGRICULTURAL INVESTMENT IN EGYPT”

The conference is already attracting participation from leading Farm & plantation investors/owners, Asset management companies, Investment banks & agricultural Funds Companies including AgriSA, Agricultural Management Company, Swiss Re, Karuturi Global Ltd, SGS Group Management Ltd, Standard Chartered Bank, EFG-Hermes, Bio-Energy Investments and many more.

Representatives from the Agriculture industry, including Fertilizer companies, Seed suppliers, Machinery companies, and Agrochem & biotech companies are also expected to participate in the conference, along with Tax & Legal experts, Insurance Companies, Risk Management Experts, Irrigation Experts and Regulators.

Those keen on participating in the “Large Scale Farming in Africa” conference as speakers, sponsors, media partners, exhibitors, and participants are welcome to submit their enquiries online by clicking on the link below or emailing Ms. Grace Oh at grace@cmtsp.com.sg.