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Abyssinia Horti Plc plans to establish a floriculture farm for 140 million br. The farm will be located on a land of 100 ha in Bahir Dar, capital of the regional state of Amhara.
Currently, the company is waiting for the government to approve the land lease. After approval, the company plans to start construction in two months. The farm received a license from the Ethiopian Investment Commission (EIC) last December.
There are more than 130 companies in Ethiopia engaged in horticultural production. There are also 7,000 ha of land prepared in the regional states of Oromia, Amhara, Somalia, Tigray and the nations, nationalities and peoples of the South to attract investors in the area.
"We have rulings on applications submitted by twenty companies" Adugna Debela (PhD), Deputy Director General of the Ethiopian Authority for Investment in Horticulture and Horticulture. agriculture, said:
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