Ethiopia Plans to Lease Belgium-Sized Land Area for Cash Crops
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Ethiopia will lease a land area about the size of Belgium to private investors for growing rice, cotton and other crops aimed at generating foreign-exchange, an Agriculture Ministry official said.
The Horn of Africa nation plans to rent out 3 million hectares (5 million acres) of farmland over the next five years, Abera Deressa, minister of state for agriculture, said in an interview in Addis Ababa, the capital, on Oct. 22.