3,000 hectares ready for investors in floriculture
Following increased interest in the floriculture sector, the Ethiopian Horticulture and Agricultural Investment Authority has readied 3,000 hectares of land for investors who wish to engage in flower farming.
To attract investors, the government has put in place a range of incentives and will give priority to those investors who come with their own capital. The government has also put in place a mechanism to provide 70% of the capital required for investment from the Development Bank of Ethiopia on a loan basis if investors provide the other 30%.
Local investors will be given 75% of the capital required for investment if they possess 25%.
Ethiopia is the fourth largest supplier of flowers to the world market with ideal weather conditions for flowers and other horticultural products. Ethiopia’s flower industry sector has registered steady growth over the past decade, making it one of the top flower producers and exporters in Africa.
Those wishing to invest are encourage to contact the Embassy’s Trade and Investment Department for further information and assistance.
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