East African Holding and Ethio-Chicken have been shortlisted to invest in the Geda Special Economic Zone(GSEZ), located in the tri-state area shared by Mojo, Adama, and Shashemene cities within the Oromia Regional State.
The two companies were selected from 120 investors who showed interest in acquiring space in one of the largest SEZs in Africa. Close to 404 hectares of land have already been developed in the expansive economic zone, out of a potential 24,000 hectares, with lease prices set between 0.75 and 1.2 dollars per square meter for a 40-year duration.
The prospective investors await approval from the seven-member investment board chaired by Girma Birru, senior economic advisor to the PM. The board comprises Hana Arayaselassie, head of the Ethiopian Investment Commission(EIC); Mamo Mehretu, governor of the central bank; Ahmed Shide, minister of Finance; Fitsum Asfaw(PhD), minister of Planning & development.
Source: Addis Fortune
