Ethiopia: At Last Midroc Pays Up for State Agro Enterprises

After several missed deadlines, last week MIDROC Ethiopia Investment Group, and affiliated company, Horizon Plantations, advanced a 432.6 million Br down-payment for three state enterprises that they were set to acquire a year ago.

The enterprises include; Upper Awash Agro Industry, Gojeb Farm Development and Coffee Processing & Warehouse Enterprise, which will now be handed over to the MIDROC companies, a collection of 41 companies owned and operated by Ethio-Saudi tycoon, Mohammad Al-Amoudi (Sheik).

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